RHODE ISLAND DREAM CENTER

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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

2010

Legal Domicile

Principal Officer

TONI MORSE

Phone

4013962743

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND DREAM CENTER, founded in 2010, is a micro nonprofit in the Human Services sector that reported $89K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 32% operating margin.

Mission

THE RHODE ISLAND DREAM CENTER PROVIDES HOPE AND HOLISTIC SUPPORT TO THE IMPOVERISHED IN THE GREATER RHODE ISLAND AREA THROUGH FOOD, CLOTHING AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $52,879

THE FOOD TRUCK PROGRAM DELIVERS MEALS 7 DAYS A WEEK TO PEOPLE AT VARIOUS LOCATIONS AND SHELTERS IN THE GREATER PROVIDENCE AREA, KENT COUNTY AND NORTHERN RHODE ISLAND. THE RHODE ISLAND DREAM CENTER...

THE FOOD TRUCK PROGRAM DELIVERS MEALS 7 DAYS A WEEK TO PEOPLE AT VARIOUS LOCATIONS AND SHELTERS IN THE GREATER PROVIDENCE AREA, KENT COUNTY AND NORTHERN RHODE ISLAND. THE RHODE ISLAND DREAM CENTER SERVES AN AVERAGE OF OVER 550 MEALS PER WEEK.

Program 2

Expenses: $5,000 Revenue: $1,100

EARLY SEEKERS IS A PROGRAM THAT TRAVELS TO KENNEDY PLAZA IN DOWNTOWN PROVIDENCE AS WELL AS CROSSROADS SHELTER ON SATURDAY MORNINGS YEAR ROUND. EARLY SEEKERS HANDS OUT OVER 300 BAG LUNCHES AND...

EARLY SEEKERS IS A PROGRAM THAT TRAVELS TO KENNEDY PLAZA IN DOWNTOWN PROVIDENCE AS WELL AS CROSSROADS SHELTER ON SATURDAY MORNINGS YEAR ROUND. EARLY SEEKERS HANDS OUT OVER 300 BAG LUNCHES AND BEVERAGES AT KENNEDY PLAZA AND BREAKFAST AT CROSSROADS. VOLUNTEERS ALSO HAND OUT ESSENTIALS NEEDS; SNEAKERS, SOCKS, TOILETRIES AND JACKETS.

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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 $87,207

Program Service Revenue $0

Investment Income $0

Other Revenue $1,607

TOTAL REVENUE $88,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,879

Other Expenses $60,740

TOTAL EXPENSES $60,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,814	$63,699	+0.4%
Expenses	$60,740	$61,195	0.0%
Net Income	$28,074	$2,504	+10.2%

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
L ALLEN PANGBURN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES JOHNSON	VP	3.00	Officer Director	$0	$0	$0
TONI MORSE	TREASURER	3.00	Officer Director	$0	$0	$0
SHARON COGEAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MARQUARD	DIRECTOR	3.00	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
2024	No data	No data	No data	No data
2023	$88,814	$60,740	$36,794	$28,074
2022	$63,699	$61,195	$8,720	$2,504
2021	$76,392	$83,175	$6,216	$-6,783
2020	$81,594	$80,150	$15,567	$1,444
2019	$185,090	$171,726	$12,435	$13,364
2018	$331,551	$358,184	$1,271	$-26,633