FOLLOW A DREAM INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

HARRY BLAKE

Phone

5084208319

Tax Period

2023-01-01 to 2023-12-31

FOLLOW A DREAM INC, founded in 1999, is a micro nonprofit in the Mental Health sector that reported $69K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $200K exceeded revenue, resulting in a 190% operating deficit.

Mission

SPEAKING TO YOUTH GROUPS AND OTHERS WITH DISABILITIES TO ASSIST THEM IN OVERCOMING THEIR DISABILITY AND BEING ABLE TO LIVE A PRODUCTIVE AND FULFILLING LIFE. SETTING AN EXAMPLE BY EXHIBITING HOW MR. BLAKE AS OVERCOME HIS BLINDNESS AND WORKS ON THE RACE CAR BOTH INTHE SHOP AND AT THE RACE TRACK

Program Service Accomplishments

Program 1

Expenses: $186,415 Revenue: $5,100

SPEAKING TO VARIOUS GROUPS ABOUT OVERCOMING CATASTROPHIC PHYSICAL INJURY,OPERATION AND EXHIBITS TO GROUPS OF PHYSICALLY DISABLED INDIVIDUALS WHAT CAN BE ACCOMPLISHED BY DISABLED INDIVIDUALS AND THOSE WITH EMOTIONAL OR OTHER ADVERSITY IN LIFE THROUGH SHOWING BY EXAMPLE HOW ACTIVE MR. BLAKE IS IN THE OPERATING AND MAINTAINING THE VEHICLE DESPITE HIS LACK OF SIGHT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $63,942

Program Service Revenue $5,100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $69,042

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,438

Fundraising Expenses $91

Program Expenses $186,415

Other Expenses $165,557

TOTAL EXPENSES $199,995

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,042	$75,669	-0.1%
Expenses	$199,995	$200,131	0.0%
Net Income	$-130,953	$-124,462	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C BLAKE JAMES C BLAKE BLAKE	DIRECTOR	25.00	Director	$0	$0	$0
TRESCOTT DEWITT TRESCOTT DEWITT TRE	DIRECTOR	25.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$69,042	$199,995	$37,155	$-130,953
2022	$75,669	$200,131	$22,067	$-124,462
2021	$26,142	$128,294	$62,598	$-102,152
2020	$11,895	$84,203	$7,650	$-72,308
2019	$48,515	$177,159	$9,631	$-128,644
2018	$177,999	$118,271	$37,014	$59,728