I HAVE A DREAM FOUNDATION (EIN 133355315) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

Lori Canova

Phone

2122935480

Tax Period

2023-09-01 to 2024-08-31

I HAVE A DREAM FOUNDATION, founded in 1986, is a community nonprofit in the Crime & Legal sector that reported $4.2M in total revenue in fiscal year 2023. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

The "I have a dream" foundation (IHDF) expands educational opportunities for children living in under-resourced communities by empowering them to achieve higher education and providing them with guaranteed tuition support and equipping them with the skills and knowledge needed to gain entry to and succeed in college and beyond. Our vision is that one day, all children from low-income communities will have an equal opportunity to complete high school, achieve postsecondary education, and fully capitalize on their talents and aspirations to become productive global citizens. We sponsor cohorts of students in under-resourced public schools or housing developments, and work with these "dreamers" from early elementary school all the way through high school. Upon high school graduation, each dreamer receives guaranteed tuition assistance for higher education. While each "I have a dream" program is localized to meet the specific needs of its dreamers, all of our programs share common elements

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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 $4,336,416

Program Service Revenue $39,317

Investment Income $30,966

Other Revenue $-174,757

TOTAL REVENUE $4,231,942

Expense Breakdown

Grants Paid $461,711

Salaries & Benefits $3,112,435

Fundraising Expenses $212,865

Program Expenses $3,913,010

Other Expenses $1,430,310

TOTAL EXPENSES $5,004,456

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,231,942	$4,241,764	0.0%
Expenses	$5,004,456	$4,529,557	+0.1%
Net Income	$-772,514	$-287,793	+1.7%

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

Volunteers

233

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

$264,580

Total Directors

$264,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Otis Hackney	President & CEO	40.00	Officer Director	$215,537	$49,043	$264,580
LORI CANOVA	INTERIM CEO	0.00		$184,202	$23,160	$207,362
NADIRA SAUNDERS	CHIEF OPERATING OFFICER	0.00		$148,797	$49,043	$197,840
RICHARD RIVERA	CHIEF PROGRAM OFFICER	0.00		$159,021	$2,196	$161,217
DANNY MORRIS	Director of National Programs	0.00		$115,466	$21,808	$137,274
Ronald Terwilliger	Director	2.00	Director	$0	$0	$0
Mark Fornasiero	Director	2.00	Director	$0	$0	$0
Lianne Friedland	Director	2.00	Director	$0	$0	$0
Vince Ballard	Director	2.00	Director	$0	$0	$0
Gregory F Back	Director	2.00	Director	$0	$0	$0
Andrew J Berg	Director	2.00	Director	$0	$0	$0
Dr Mariama Grimes	Director	2.00	Director	$0	$0	$0
Steven Shaw	Director	2.00	Director	$0	$0	$0
Warren Eisenberg	Director	2.00	Director	$0	$0	$0
Rory Greiss	Secretary	10.00	Officer Director	$0	$0	$0
Jeffrey R Gural	Director	2.00	Director	$0	$0	$0
A William Stein	Director	2.00	Officer Director	$0	$0	$0
Llewellyn P Haden Jr	Director	2.00	Director	$0	$0	$0
Jeremiah Lucey	Director	2.00	Director	$0	$0	$0
Barry Mandel	Director	2.00	Director	$0	$0	$0
Fenton Joseph	Director	2.00	Director	$0	$0	$0
Danilo Rodriguez	Director	2.00	Director	$0	$0	$0
Richard Saltzman	Chairman	10.00	Officer Director	$0	$0	$0
Eugena Oh	Treasurer	5.00	Officer Director	$0	$0	$0
Harlan Stone	Vice Chair	5.00	Officer Director	$0	$0	$0
Stephanie Trump	Director	2.00	Director	$0	$0	$0
S Steven Yang MD	Director	2.00	Director	$0	$0	$0
Jonas Severe	Director	2.00	Director	$0	$0	$0
Mansi Mehan	Director	2.00	Director	$0	$0	$0
Peter Patch	Director	2.00	Director	$0	$0	$0
Helen Lang Suskin	Director	2.00	Director	$0	$0	$0
Michael Barrett	Director	2.00	Director	$0	$0	$0
Selene Oh	Director	2.00	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	$4,231,942	$5,004,456	$3,361,156	$-772,514
2023	$4,241,764	$4,529,557	$3,458,390	$-287,793
2022	$3,475,384	$3,609,766	$3,608,291	$-134,382
2021	$3,609,855	$2,816,118	$4,280,533	$793,737
2020	$1,236,523	$1,107,280	$3,368,585	$129,243
2018	$1,673,033	$2,911,790	$3,183,897	$-1,238,757

I HAVE A DREAM FOUNDATION