DREAMS FOR KIDS INC C/O MISHELE GO… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

DIRECTOR

Phone

3125598444

Tax Period

2019-01-01 to 2019-12-31

DREAMS FOR KIDS INC C/O MISHELE GONSCH, founded in 1989, is a micro nonprofit that reported $62K in total revenue in fiscal year 2019. Revenue decreased 20% compared to the prior year. Expenses of $78K exceeded revenue, resulting in a 26% operating deficit.

Mission

DREAMS FOR KIDS, INC. REPLACES CHARITY WITH OPPORTUNITY FOR AT RISK YOUTH THROUGH SERVICE, LEADERSHIP AND SOCIAL ACTIVITIES AND INSPIRES THEM TO FEARLESSLY PURSUE THEIR DREAMS AND COMPASSIONATELY CHANGE THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $26,908

DREAM LEADERS: PROGRAM SERVICES FOR OUR YOUTH SERVICE LEARNING PROGRAM INCLUDED PROVIDING AFTER SCHOOL AND IN SCHOOL PROGRAMMING FOR 150 MIDDLE SCHOOL YOUTH. WE REVISED OUR STUDENT CURRICULUM TO...

DREAM LEADERS: PROGRAM SERVICES FOR OUR YOUTH SERVICE LEARNING PROGRAM INCLUDED PROVIDING AFTER SCHOOL AND IN SCHOOL PROGRAMMING FOR 150 MIDDLE SCHOOL YOUTH. WE REVISED OUR STUDENT CURRICULUM TO INCLUDE 16 WEEKS OF SOCIAL ENTREPRENUERSHIP BASED TRAINING AND SERVICE LEARNING. WE EXPANDED OUR YEAR ROUND COLLEGE INTERNSHIP PROGRAM TO INCLUDE 20 INTERNS FROM ACROSS THE U.S AND IN SEVERAL COUNTRIES. INTERNS FACILITATED CLASSROOM AND AFTER SCHOOL STUDENT PROGRAMMING, LED COMMUNITY SERVICE INITATIVES, ORGANIZED LOCAL AND GLOBAL HOLIDAY FOR HOPE EVENTS AND ORGANIZED EXTREME RECESS EVENTS.

Program 2

Expenses: $15,831 Revenue: $1,355

EXTREME RECESS: PROGRAM SERVICES FOR OUR ADAPTIVE SPORTS AND SOCIAL ACTIVITIES PROGRAM FOR VER 400 YOUTHS WITH DISABILITIES INCLUDED THE FOLLOWING EVENTS; OUR ANNUAL WATER SPORTS EVENT IN TWIN LAKES WISCONSIN AND ONE IN POHICK BAY, VIRGINIA, OUR ANNUAL ADAPTIVE SNOW SKI EVENT IN ALPINE VALLEY, ADAPTIVE YOGA, DIVERSEY HARBOR FISHING, ADAPTIVE TENNIS CLINICS IN CHICAGO AND WASHINGTON D.C.,ADAPTIVE DANCE WORKSHOP, ADAPTIVE SOCCER CLINIC, ADAPTIVE HORSEBACK RIDEING CLINIC, AND A WHITE HOUSE TOUR.

Program 3

Expenses: $29,312

HOLIDAY FOR HOPE: PROGRAM SERVICES INCLUDED HOSTING OUR 26TH ANNUAL HOLIDAY FOR HOPE EVENT FOR HOMELESS CHILDREN IN ILLINOIS AND ORGANIZING GROUPS TO HOST EVENTS IN 5 U.S. CITIES AND 17 COUNTRIES FOR OVER 6,000 CHILDREN. THE ILLINOIS EVENT HOSTED 1,200 CHILDREN AND THEIR PARENTS, CAREGIVERS AND SOCIAL WORKERS AND PROVIDED 4,000 GIFTS, CRAFTS, MUSIC, FACE-PAINTERS AND GAMES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $57,741

Program Service Revenue $1,355

Investment Income $3,134

Other Revenue $0

TOTAL REVENUE $62,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,848

Fundraising Expenses $116

Program Expenses $72,051

Other Expenses $71,264

TOTAL EXPENSES $78,112

Year-over-Year Comparison

	2019	2018	Change
Revenue	$62,230	$77,603	-0.2%
Expenses	$78,112	$83,080	-0.1%
Net Income	$-15,882	$-5,477	+1.9%

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

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
DIRECTOR	DIRECTOR	N/A	Officer Director	$0	$0	$0
ANGELA HEARTS-GLASS	DIRECTOR	N/A	Director	$0	$0	$0
DOROTHY HILLARD	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN JENNETT	BOARD FELLOW	N/A	Director	$0	$0	$0
JEFFREY JOHNSON	VICE CHAIR O	N/A	Director	$0	$0	$0
NICHOLAS LAGATTUTA	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN MCGARY	VICE CH. PAR	N/A	Director	$0	$0	$0
MARK MCNABOLA	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS PAYNE	BOARD FELLOW	N/A	Director	$0	$0	$0
THOMAS TUOHY	CHAIRMAN	10.00	Director	$0	$0	$0
LEXI ZARECKY	DIRECTOR	N/A	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
2019	$62,230	$78,112	$107,979	$-15,882
2018	$77,603	$83,080	$112,699	$-5,477

DREAMS FOR KIDS INC C/O MISHELE GONSCH