DREAM ON FOUNDATION (EIN 263073843) - 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

MIM CONWAY

Tax Period

2023-01-01 to 2023-12-31

DREAM ON FOUNDATION, founded in 2008, is a micro nonprofit in the Education sector that reported $8K in total revenue in fiscal year 2023. Expenses of $191K exceeded revenue, resulting in a 2299% operating deficit.

Mission

TO ASSIST THE DREAM ON KIDS WHO STARTED FIRST GRADE IN THE FALL OF 2008 AT HANNA GIBBONS ELEMENTARY, AN INNER CITY SCHOOL IN A DISADVATAGED AREA, GRADUATE FROM HIGH SCHOOL IN 2020 AND FINANCIALLY SUPPORT THEM IN POST SECONDARY PROGRAMS LEADING TO EMPLOYMENT.

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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 $750

Program Service Revenue $0

Investment Income $7,214

Other Revenue $0

TOTAL REVENUE $7,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $182,721

Other Expenses $191,089

TOTAL EXPENSES $191,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,964	$-27,766	-1.3%
Expenses	$191,089	$107,153	+0.8%
Net Income	$-183,125	$-134,919	+0.4%

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

N/A

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
GRETCHEN WALSH	DIRECTOR	0.15	Director	$0	$0	$0
DENISE CUNNINGHAM DOGGETT	DIRECTOR	0.15	Director	$0	$0	$0
JO LAVINE	DIRECTOR	0.15	Director	$0	$0	$0
KRISTEN FISTEK	DIRECTOR	0.15	Director	$0	$0	$0
RANDY WOODS	DIRECTOR	0.15	Director	$0	$0	$0
ANN HAWKINS	DIRECTOR	0.15	Director	$0	$0	$0
BETH HYLAND	DIRECTOR	0.15	Director	$0	$0	$0
MEGHAN SHERIDAN	DIRECTOR	0.15	Director	$0	$0	$0
GIB GIBBONS	DIRECTOR SECRETARY	0.15	Officer Director	$0	$0	$0
MIM CONWAY	EXECUTIVE DIRECTOR TREASURER	10.00	Officer Director	$0	$0	$0
DEBBIE GIBBONS	DIRECTOR PRESIDENT	0.15	Officer 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	$7,964	$191,089	$625,724	$-183,125
2022	$-27,766	$107,153	$778,057	$-134,919
2021	$32,728	$69,114	$925,452	$-36,386
2020	$92,830	$27,751	$967,203	$65,079

DREAM ON FOUNDATION