EMPOWER DREAMS INC

EIN: 453715799 501(c)(3) Religion

HIGHLAND VLG, TX

Total Revenue
$252,336
Total Expenses
$111,613
Total Assets
$190,208
Net Assets
$190,208
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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
TX
Principal Officer
Paul Staudacher
Phone
2146959497
Tax Period
2023-01-01 to 2023-12-31

EMPOWER DREAMS INC, founded in 2011, is a small nonprofit in the Religion sector that reported $252K in total revenue in fiscal year 2023. Revenue surged 245% from the prior year, signaling strong growth momentum. The organization ran a surplus of $141K, a strong 56% operating margin.

Mission

Support and financial donations to other non-profit organizations

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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 $252,336
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $252,336

Expense Breakdown

Grants Paid $87,846
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $87,846
Other Expenses $23,767
TOTAL EXPENSES $111,613

Year-over-Year Comparison

2023 2022 Change
Revenue $252,336 $73,037 +2.5%
Expenses $111,613 $60,704 +0.8%
Net Income $140,723 $12,333 +10.4%
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

Financial Distress Indicator

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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Staudacher President 5.00
Director
$0 $0 $0
Brent Svor Secretary 2.00
Director
$0 $0 $0
Kris Watson Director 2.00
Director
$0 $0 $0
Keith Cole Director 2.00
Director
$0 $0 $0
Robyn Shriver Director 2.00
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 $252,336 $111,613 $190,208 $140,723
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