COMPETITIVE DREAMS OF YOUTH IN THE… - Form 990 Financial Data

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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

DAVID EFIRD

Tax Period

2023-01-01 to 2023-12-31

COMPETITIVE DREAMS OF YOUTH IN THE CAROLINAS, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $682K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum.

Mission

AWARD AND PAY SHCOLARSHIPS FOR ATHLETIC ACTIVITIES INCLUDING DANCE AND SPORTS

Program Service Accomplishments

Program 1

Expenses: $663,848 Revenue: $672,080

PROVIDED ATHLETIC SCHOLARSHIPS TO MORE THAN 200 YOUNG ATHLETES, ALLOWING THEM TO PARTICIPATE IN DANCE, GYMNASTICS, AND OTHER ATHLETIC ACTIVITIES.

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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 $681,787

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $681,787

Expense Breakdown

Grants Paid $660,292

Salaries & Benefits $16,807

Fundraising Expenses $2,116

Program Expenses $663,848

Other Expenses $23,253

TOTAL EXPENSES $700,352

Year-over-Year Comparison

	2023	2022	Change
Revenue	$681,787	$465,601	+0.5%
Expenses	$700,352	$463,500	+0.5%
Net Income	$-18,565	$2,101	-9.8%

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

250

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

$16,807

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICE SOLOMON	VICE PRESIDENT	4.00	Officer	$4,500	$0	$4,500
LAKEN GAILLIARD	DIRECTOR OF VOLUNTEERS	4.00	Officer	$4,000	$0	$4,000
SHAN SPEILBERG	DIRECTOR OF OPERATIONS	4.00	Officer	$3,600	$0	$3,600
KATIE ROBINSON	CHIEF FINANCIAL OFFICER	2.00	Officer	$2,507	$0	$2,507
DAVID EFIRD	PRESIDENT	4.00	Officer	$2,200	$0	$2,200
JENNA MARTIN	TREASURER	2.00	Officer	$0	$0	$0
BETH JENKINS	SECRETARY	3.00	Officer	$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	$681,787	$700,352	$73,881	$-18,565
2022	$465,601	$463,500	$100,017	$2,101

COMPETITIVE DREAMS OF YOUTH IN THE CAROLINAS