COLLEGE 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

CARL THOMAS

Phone

5414768146

Tax Period

2024-07-01 to 2025-06-30

COLLEGE DREAMS INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.6M in total revenue in fiscal year 2024. Expenses of $4.2M left a modest 10% surplus.

Mission

COLLEGE DREAMS PROMOTES RESILIENCY AND COLLEGE/CAREER READINESS FOR OVER 1,400 LOW INCOME, FIRST GENERATION COLLEGE-BOUND, AND UNDERREPRESENTED STUDENTS OF COLOR. (CONTINUED ON SCHEDULE O) IT SERVES 22 SECONDARY SCHOOLS IN SOUTHERN OREGON THROUGH MATCHED COLLEGE SAVINGS ACCOUNTS, CAREER EXPLORATION AND POST-SECONDARY PLANNING AND DROPOUT PREVENTION PROGRAMS. KEY ACTIVITIES: ACADEMIC MOTIVATIONAL ENHANCEMENT; MENTORING; SKILL-BUILDING AND TUTORING; COLLEGE/CAREER AWARENESS; COMMUNITY SERVICE; COMPETITIVE SCHOLARSHIPS; BARRIER REMOVAL SUPPORT; RIGOROUS COURSE/DUAL CREDIT PLANNING; ACCESS TO YOUTH CAMP, CAREER DEVELOPMENT ACTIVITIES, PRE-COLLEGE PROGRAMS, AND CAMPUS VISITS; ACADEMIC MONITORING, EXCELLENCE INCENTIVES AND SUPPORTTIVE INTERVENTIONS; 3-TO-1 MATCHED COLLEGE SAVINGS; AND SOFT-SKILLS DEVELOPMENT THROUGH PAID WORK EXPERIENCES.

Program Service Accomplishments

Program 1

Expenses: $764,665

COLLEGE+ FOCUSES ON 6TH TO 12TH GRADE STUDENTS TO PROVIDE SUPPORT, BUILD SKILLS, AND MOTIVATE ACADEMIC EXCELLENCE. THE PROGRAM INCLUDES SUPPORT FROM A DEPARTMENT OF EDUCATION TALENT SEARCH GRANT.

Program 2

Expenses: $603,443

THE +ACCOUNTS PROGRAM SERVES STUDENTS WHOSE FAMILIES MEET OREGON LOW/MODERATE INCOME AND FAMILY ASSET CRITERIA, BY PROVIDING FINANCIAL EDUCATION CLASSES, DEVELOPING COLLEGE FUNDING PLANS, AND THE...

THE +ACCOUNTS PROGRAM SERVES STUDENTS WHOSE FAMILIES MEET OREGON LOW/MODERATE INCOME AND FAMILY ASSET CRITERIA, BY PROVIDING FINANCIAL EDUCATION CLASSES, DEVELOPING COLLEGE FUNDING PLANS, AND THE POSSIBILITY OF MATCHING SAVINGS PLANS FOR COLLEGE, COMMUNITY COLLEGE OR POST SECONDARY TRAINING PROGRAMS.

Program 3

Expenses: $1,254,423

CAREER BUILD PROGRAM FOCUSES ON PROVIDING CAREER RELATED LEARNING EXPERIENCE TO HIGH SCHOOL STUDENTS AND OUT-OF-SCHOOL YOUTH UP TO AGE 24 THROUGH AN INTERAGENCY AGREEMENT WITH ROGUE WORKFORCE...

CAREER BUILD PROGRAM FOCUSES ON PROVIDING CAREER RELATED LEARNING EXPERIENCE TO HIGH SCHOOL STUDENTS AND OUT-OF-SCHOOL YOUTH UP TO AGE 24 THROUGH AN INTERAGENCY AGREEMENT WITH ROGUE WORKFORCE PARTNERSHIP. SERVICES INCLUDE A REGIONAL CAREER FAIR, YOUTH WORK ETHICS CLASSES, CAREER ACADEMIES, AND PAID OR UNPAID WORK EXPERIENCE.

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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 $4,536,599

Program Service Revenue $0

Investment Income $76,458

Other Revenue $25,043

TOTAL REVENUE $4,638,100

Expense Breakdown

Grants Paid $964,726

Salaries & Benefits $2,574,129

Fundraising Expenses $257,181

Program Expenses $3,518,809

Other Expenses $655,838

TOTAL EXPENSES $4,194,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,638,100	$4,508,867	+0.0%
Expenses	$4,194,693	$4,603,424	-0.1%
Net Income	$443,407	$-94,557	-5.7%

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

191

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

$111,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BOYARKSY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ARMANDO LOPEZ	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CAROL CHRISTEN	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
KATIE MENA	DIRECTOR	0.20	Director	$0	$0	$0
BRENDA PATTON	DIRECTOR	0.20	Director	$0	$0	$0
RALPH BURRELLE	DIRECTOR	0.20	Director	$0	$0	$0
KENDELL FERGUSON	DIRECTOR	0.20	Director	$0	$0	$0
LINDA WHITE	DIRECTOR	0.20	Director	$0	$0	$0
CARL THOMAS	EXECUTIVE DIRECTOR	40.00	Officer	$103,000	$8,800	$111,800

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	$4,638,100	$4,194,693	$2,784,068	$443,407
2024	$4,508,867	$4,603,424	$2,298,418	$-94,557
2023	$4,204,247	$4,403,846	$2,501,428	$-199,599
2022	$4,132,642	$3,752,186	$2,756,326	$380,456
2021	$3,694,638	$2,940,185	$2,542,440	$754,453
2020	$2,120,855	$2,115,956	$1,627,953	$4,899
2019	$2,093,533	$1,972,927	$1,366,456	$120,606
2018	$1,968,234	$1,752,794	$1,106,352	$215,440