DREAM CHARTER SCHOOL (EIN 261841386) - 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

2008

Legal Domicile

Principal Officer

EVE COLAVITO

Phone

2127221608

Tax Period

2024-07-01 to 2025-06-30

DREAM CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $67.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $75.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

DREAM PREPARES STUDENTS FOR HIGH-PERFORMING HIGH SCHOOLS, COLLEGES AND BEYOND THROUGH A RIGOROUS ACADEMIC PROGRAM THAT DEVELOPS CRITICAL THINKERS WHO DEMONSTRATE A LOVE OF LEARNING, STRONG CHARACTER, & A COMMITMENT TO WELLNESS & ACTIVE CITIZENSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $18,452,045

Program Service Revenue $48,403,754

Investment Income $498,561

Other Revenue $118,024

TOTAL REVENUE $67,472,384

Expense Breakdown

Grants Paid $13,612

Salaries & Benefits $34,186,407

Fundraising Expenses $1,313,932

Program Expenses $60,055,857

Other Expenses $40,897,118

TOTAL EXPENSES $75,097,137

Year-over-Year Comparison

	2024	2023	Change
Revenue	$67,472,384	$53,134,454	+0.3%
Expenses	$75,097,137	$53,531,063	+0.4%
Net Income	$-7,624,753	$-396,609	+18.2%

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

541

Volunteers

290

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
ADAM MILLER	TRUSTEE	1.00	Director	$0	$0	$0
ASHISH DOSHI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLIE HOWE	TREASURER	1.00	Officer Director	$0	$0	$0
DON SAWYER III	TRUSTEE	1.00	Director	$0	$0	$0
EMILY STECHER	TRUSTEE	1.00	Director	$0	$0	$0
LIZ RICH	TRUSTEE	1.00	Director	$0	$0	$0
MICHELE JOERG	VICE CHAIR & SECRETARY	1.00	Officer Director	$0	$0	$0
VICKI ZUBOVIC	TRUSTEE	1.00	Director	$0	$0	$0
VILAS KUCHINAD	TRUSTEE	1.00	Director	$0	$0	$0
ZAINAB ALI	TRUSTEE	1.00	Director	$0	$0	$0
EVE COLAVITO	CONTRACTED CO-CEO	1.00	Officer	$0	$0	$0
JAMES DICOSMO	CONTRACTED CFO	1.00	Officer	$0	$0	$0
RICHARD BERLIN	CONTRACTED CO-CEO	1.00	Officer	$0	$0	$0
ALISON SCHLOSS	EAST HARLEM MIDDLE SCHOOL	40.00	Highest	$141,040	$40,663	$181,703
CORA NEVILLE	HIGHBRIDGE MIDDLE SCHOOL	40.00	Highest	$166,588	$19,853	$186,441
JA'KEEL DANIELS	HIGH SCHOOL PRINCIPAL	40.00	Highest	$155,877	$14,162	$170,039
LEXIS WHITE	EAST HARLEM ELEMENTARY SCHOOL	40.00	Highest	$184,685	$17,238	$201,923
SHANNEL RICHARDSON	HIGHBRIDGE ELEMENTARY SCHOOL	40.00	Highest	$147,160	$22,207	$169,367

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	$67,472,384	$75,097,137	$319,180,120	$-7,624,753
2024	$53,134,454	$53,531,063	$193,224,269	$-396,609
2023	$42,205,725	$45,087,328	$187,346,139	$-2,881,603
2022	$33,701,299	$33,782,285	$9,734,616	$-80,986
2021	$29,990,882	$24,559,577	$10,400,042	$5,431,305
2020	$20,550,855	$19,899,749	$6,916,243	$651,106
2019	$18,289,809	$16,993,565	$4,176,990	$1,296,244

DREAM CHARTER SCHOOL