BROOKLYN DREAMS CHARTER SCHOOL

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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

2011

Legal Domicile

Phone

6162221700

Tax Period

2024-07-01 to 2025-06-30

BROOKLYN DREAMS CHARTER SCHOOL, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO OPERATE A PUBLIC CHARTER SCHOOL AS DEFINED BY ARTICLE 56 OF THE NEW YORK STATE EDUCATION LAW WHICH PROVIDES EDUCATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH EIGHTH GRADE BASED ON RIGOROUS TEACHING METHODS, PARENTAL INVOLVEMENT, STUDENT RESPONSIBILITY, AND BASIC MORAL VALUES. ENROLLMENT IS OPEN TO ALL APPROPRIATELY AGED CHILDREN WITHOUT REGARD TO GENDER, ETHNIC BACKGROUND, DISABILITY, AND/OR RELIGIOUS AFFILIATION.

Program Service Accomplishments

Program 1

Expenses: $12,068,294 Revenue: $2,210,822

OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC CHARTER SCHOOL. THE SCHOOL PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL...

OPERATED AN EDUCATIONAL INSTITUTION ORGANIZED AS A PUBLIC CHARTER SCHOOL. THE SCHOOL PROVIDES EDUCATION, AT NO COST TO THE PARENT, TO STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. THE SCHOOL OPERATES UNDER A CHARTER APPROVED BY THE STATE UNIVERSITY OF NEW YORK CHARTER SCHOOLS INSTITUTE.

Program 2

Expenses: $347,783

OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC CHARTER SCHOOL DESCRIBED ABOVE. THE SCHOOL OFFERS FREE OR REDUCED BREAKFAST AND/OR LUNCH FOR FAMILIES THAT QUALIFY. RESEARCH HAS SHOWN THAT...

OPERATED A SCHOOL FOOD SERVICE PROGRAM AT THE PUBLIC CHARTER SCHOOL DESCRIBED ABOVE. THE SCHOOL OFFERS FREE OR REDUCED BREAKFAST AND/OR LUNCH FOR FAMILIES THAT QUALIFY. RESEARCH HAS SHOWN THAT STUDENTS WHO EAT THEIR BREAKFAST IN THE MORNING EXHIBIT BETTER MEMORY RETENTION. FUNDING FOR THIS PROGRAM WAS PROVIDED BY THE USDA FOOD AND NUTRITION SERVICE, IN THE AMOUNT OF $375,405.

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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 $10,892,200

Program Service Revenue $2,140,822

Investment Income $0

Other Revenue $70,000

TOTAL REVENUE $13,103,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,034,109

Fundraising Expenses $0

Program Expenses $12,416,077

Other Expenses $6,005,507

TOTAL EXPENSES $13,039,616

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,103,022	$13,944,594	-0.1%
Expenses	$13,039,616	$13,945,079	-0.1%
Net Income	$63,406	$-485	-131.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LEIT	TREASURER	1.0	Officer Director	$0	$0	$0
MICHELE SCOTTO	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
ORPHEUS WILLIAMS	PRESIDENT	1.0	Officer Director	$0	$0	$0
TAMARA CHARLES	SECRETARY	1.0	Officer Director	$0	$0	$0
JOANNE OPLUSTIL	TRUSTEE	1.0	Director	$0	$0	$0
KATHERINE O'NEILL	TRUSTEE	1.0	Director	$0	$0	$0
MICHELE MORAIS-WEEKES	TRUSTEE	1.0	Director	$0	$0	$0
TROY MATTILA	TRUSTEE	1.0	Director	$0	$0	$0
ZACHARY MARSHALL-CARTER	TRUSTEE	1.0	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
2025	$13,103,022	$13,039,616	$654,882	$63,406
2024	$13,944,594	$13,945,079	$837,917	$-485
2023	$13,127,873	$13,222,266	$959,795	$-94,393
2022	$13,318,060	$13,068,426	$765,340	$249,634
2021	$12,734,633	$12,711,703	$845,636	$22,930
2020	$11,910,637	$11,864,542	$568,385	$46,095
2019	$11,149,162	$11,139,714	$297,268	$9,448
2018	$11,025,625	$11,014,671	$501,680	$10,954