CARGO OF DREAMS 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

2008

Legal Domicile

Principal Officer

Marius van der Colff

Phone

8642740700

Tax Period

2023-01-01 to 2023-12-31

CARGO OF DREAMS INC, founded in 2008, is a micro nonprofit in the Human Services sector that reported $59K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $217K exceeded revenue, resulting in a 270% operating deficit.

Mission

Cargo of Dreams' mission is to improve quality of life for women and children in need by engaging businesses, organizations, churches and communities in a collaborative project by using their resources and services to assemble and transform the containers stateside and ship the fully functional facilities to the receiving destinations. Assisting and securing work opportunities for people in economic distress. Build and manage industrial soup kitchens.

Program Service Accomplishments

Program 1

Expenses: $212,947 Revenue: $0

1st Program - Operating expense for the George Super Kitchen (GSK) in South Africa The kitchen continues to serve daily between 800-900 warm meals to children in the 3-6-year-old age group. The...

1st Program - Operating expense for the George Super Kitchen (GSK) in South Africa The kitchen continues to serve daily between 800-900 warm meals to children in the 3-6-year-old age group. The kitchen was started through Cargo of Dreams (CoD) support and celebrates more than 10 years of uninterrupted and successful service to the community in need, while enjoying the support of local leaders, government entities, as well as donors in South Africa.

Program 2

Expenses: $0 Revenue: $0

2nd Program - Securing farm worker jobs for those in need Self-sustainability of programs, and enabling people to be financially self-sustainable themselves, is a cornerstone principle of Cargo of...

2nd Program - Securing farm worker jobs for those in need Self-sustainability of programs, and enabling people to be financially self-sustainable themselves, is a cornerstone principle of Cargo of Dreams (CoD). CoD, through their "Workforce Recruitment" (WFR) initiative, has secured 80-100 farm worker positions in various states across the USA. Farm labor is an officially recognized shortage by the Department of Labor. WFR assisted USA farmers to obtain relevant government approvals to employ foreign seasonal farm workers and, at the same time, coordinated the recruitment of finding willing, able, and suitable candidates for the farmers.

Program 3

Expenses: $0 Revenue: $0

3rd Program - Tax compliance of non-immigrant seasonal workers Cargo of Dreams (CoD), through their "TCUS" initiative, and with the support of key industry leaders, supported foreign non-immigrant...

3rd Program - Tax compliance of non-immigrant seasonal workers Cargo of Dreams (CoD), through their "TCUS" initiative, and with the support of key industry leaders, supported foreign non-immigrant seasonal workers from South Africa to ensure they are tax compliant in the USA, as well as in their home country. An estimated 150 people received guidance and support.

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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 $0

Program Service Revenue $58,605

Investment Income $0

Other Revenue $0

TOTAL REVENUE $58,605

Expense Breakdown

Grants Paid $2,222

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,947

Other Expenses $214,725

TOTAL EXPENSES $216,947

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,605	$214,817	-0.7%
Expenses	$216,947	$122,579	+0.8%
Net Income	$-158,342	$92,238	-2.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marius van der Colff	Director	40	Director	$0	$0	$0
Angel Hatfield	Director	0	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
2023	$58,605	$216,947	$252,475	$-158,342