SEVEN DREAMS EDUCATION FOUNDATION

EIN: 202378425 501(c)(3) Education

PLYMOUTH, MN

Total Revenue
$82,600
Total Expenses
$96,680
Total Assets
$269,972
Net Assets
$93,079
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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
MN
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.

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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%)

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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

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
30

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
0
$0
Total Directors
19
$24,479
Key Employees
0
$0
Highest Compensated
0
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
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