SEVEN DREAMS EDUCATION FOUNDATION

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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

2005

Legal Domicile

Principal Officer

RICHARD GENTNER

Phone

7635044088

Tax Period

2023-07-01 to 2024-06-30

SEVEN DREAMS EDUCATION FOUNDATION, founded in 2005, is a micro nonprofit in the Education sector that reported $83K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $97K exceeded revenue, resulting in a 17% operating deficit.

Mission

WE BRING TOGETHER OUR COMMUNITY, EDUCATORS, PARENTS, BUSINESSES AND CIVIC LEADERS TO SECURE WAYS AND MEANS FOR THE INSPIRATION AND ENGAGEMENT OF ALL LEARNERS IN THE ROBBINSDALE AREA SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $96,680

1. HANDS-ON LEARNING GRANTS: EVERY SPRING WE AWARD AT LEAST 10,000 IN SMALL GRANTS (UP TO 2,500 EACH) TO RAS STAFF WHO APPLY FOR A HANDS-ON LEARNING GRANT. THE FUNDING FOR THESE GRANTS COMES...

1. HANDS-ON LEARNING GRANTS: EVERY SPRING WE AWARD AT LEAST 10,000 IN SMALL GRANTS (UP TO 2,500 EACH) TO RAS STAFF WHO APPLY FOR A HANDS-ON LEARNING GRANT. THE FUNDING FOR THESE GRANTS COMES PRIMARILY FROM THE STAFF CHARITABLE GIVING CAMPAIGN IN THE FALL. OUR GENEROUS STAFF MAKE A DONATION TO SEVEN DREAMS FROM THEIR PAYCHECKS THROUGHOUT THE YEAR, OR THROUGH A ONE-TIME DONATION. THEIR GENEROSITY COMES FULL CIRCLE SINCE ALL OF THIS MONEY IS USED TO FUND STAFF GRANTS FOR PROJECTS IN THEIR SCHOOLS. 2. SUPPORT DISTRICT-WIDE INITIATIVES: EVERY YEAR, THE SEVEN DREAMS EDUCATION FOUNDATION WORKS COLLABORATIVELY WITH ROBBINSDALE AREA SCHOOLS' DISTRICT ADMINISTRATORS TO CREATE A LARGE DISTRICT-WIDE INITIATIVE THAT WILL IMPACT MANY STUDENTS. THE FOUNDATION CHOOSES ONE INITIATIVE TO FUND THROUGH PROCEEDS FROM THE BIRD BASH GALA EVENT. INITIATIVES HAVE INCLUDED WELLNESS CENTERS IN THE MIDDLE SCHOOL FOR STUDENTS AND STAFF AND RAISING STUDENT VOICE IN SONG AND ON STAGE BY PROVIDING THE FUNDS FOR THE STUDENTS TO WORK WITH AN ARTIST IN RESIDENCE TO CREATE A MUSICAL PIECE, THEATER BOXES AND MIRRORS FOR PRACTICE, AND FIELD TRIPS TO LIVE THEATER AND MUSICAL PERFORMANCES.

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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 $44,200

Program Service Revenue $0

Investment Income $3,628

Other Revenue $34,772

TOTAL REVENUE $82,600

Expense Breakdown

Grants Paid $45,464

Salaries & Benefits $26,435

Fundraising Expenses $0

Program Expenses $96,680

Other Expenses $24,781

TOTAL EXPENSES $96,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,600	$167,164	-0.5%
Expenses	$96,680	$172,396	-0.4%
Net Income	$-14,080	$-5,232	+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

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

$24,479

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM TORMOEN	EXEC DRCTR-P	20.00	Director	$22,748	$0	$22,748
EMILY WALLACE-JACKSON	EXEC DRCTR-P	20.00	Director	$1,731	$0	$1,731
GAIL DIANE DICKMEYER	BOARD MEMBER	10.00	Director	$0	$0	$0
RICHARD GENTNER	CHAIR	10.00	Director	$0	$0	$0
TERRY SWANSON	TREASURER	0.50	Director	$0	$0	$0
SARI HARTZHEIM	BOARD MEMBER	1.50	Director	$0	$0	$0
HELEN BASSETT	BOARD MEMBER	0.50	Director	$0	$0	$0
JOLENE MOORE	SECRETARY	1.50	Director	$0	$0	$0
ANDREW BURNS	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVE KISER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY WILLIAMS	SCH DIST ADM	0.50	Director	$0	$0	$0
JULIE RITZ-SCHAIFER	BOARD MEMBER	0.75	Director	$0	$0	$0
KERWIN BELL	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER ELLISON	BOARD MEMBER	0.75	Director	$0	$0	$0
MIKE ENGWALL	BOARD MEMBER	0.50	Director	$0	$0	$0
SHIRRIE JACKSON	BOARD MEMBER	0.50	Director	$0	$0	$0
HEENA SINGH	BOARD MEMBER	0.50	Director	$0	$0	$0
RUTH SOLOM	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER WEINAND	BOARD MEMBER	0.50	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
2025	No data	No data	No data	No data
2024	$82,600	$96,680	$269,972	$-14,080
2023	$167,164	$172,396	$302,622	$-5,232