TOBY'S DREAM FOUNDATION INC

EIN: 271409160 501(c)(3) Human Services

VIRGINIA BEACH, VA

Total Revenue
$769,683
Total Expenses
$388,261
Total Assets
$675,140
Net Assets
$660,502
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
VA
Principal Officer
JOAN STEELE
Phone
7574907874
Tax Period
2023-04-01 to 2024-03-31

TOBY'S DREAM FOUNDATION INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $770K in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $381K, a strong 50% operating margin.

Mission

TO FULFILL THE DREAMS OF CHILDREN WHO ARE LIVING WITH LIFE-THREATENING ILLNESSES IN THE HAMPTON ROADS REGION AND THE EASTERN SHORE OF VIRGINIA.

Program Service Accomplishments

Program 1

THE PROGRAM CONSISTS OF MAKING CHILDREN'S DREAMS COME TRUE THROUGH PROVIDING ACCESS TO AMUSEMENT PARK ADMISSION FOR THE CHILD AND FAMILY, MEALS WHILE AWAY, SEND OFF PARTIES, LODGING, LIMOUSINE RIDES...

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THE PROGRAM CONSISTS OF MAKING CHILDREN'S DREAMS COME TRUE THROUGH PROVIDING ACCESS TO AMUSEMENT PARK ADMISSION FOR THE CHILD AND FAMILY, MEALS WHILE AWAY, SEND OFF PARTIES, LODGING, LIMOUSINE RIDES, SHOPPING SPREES. EVERY CHILD'S DREAM IS DIFFERENT AND THE FUNDS WERE USED TO MAKE EACH SPECIFIC DREAM SPECIAL. THE ORGANIZATION FULFILLED 58 "DREAMS" OF QUALIFYING CHILDREN WITH LIFE THREATENING ILLNESSES DURING THE CURRENT FISCAL YEAR.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $767,476
Program Service Revenue $0
Investment Income $2,207
Other Revenue $0
TOTAL REVENUE $769,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $145,836
Fundraising Expenses $0
Program Expenses $353,566
Other Expenses $242,425
TOTAL EXPENSES $388,261

Year-over-Year Comparison

2023 2022 Change
Revenue $769,683 $541,583 +0.4%
Expenses $388,261 $274,704 +0.4%
Net Income $381,422 $266,879 +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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
3
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
1
$99,500
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELAINE SHULMAN SECRETARY 3.00
Director
$0 $0 $0
DON COBERLY PRESIDENT 3.00
Director
$0 $0 $0
CHRISTINA MINTON TREASURER 3.00
Director
$0 $0 $0
MATT WILLETTE DIRECTOR 3.00
Director
$0 $0 $0
DAVE STEPHENS VICE PRESIDENT 3.00
Director
$0 $0 $0
DAWN BROWN DIRECTOR 3.00
Director
$0 $0 $0
JOAN STEELE EXECUTIVE DIRECTOR 40.00
Officer
$99,500 $0 $99,500
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 No data No data No data No data
2024 $769,683 $388,261 $675,140 $381,422
2023 $541,583 $274,704 $683,370 $266,879
2022 $335,807 $204,212 $623,737 $131,595
2021 $244,387 $155,229 $486,292 $89,158
2020 $411,615 $360,133 $400,790 $51,482
2019 $315,025 $232,942 $351,904 $82,083
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