Jersey Shore Dream Center

EIN: 454840107 501(c)(3) Mental Health

Belmar, NJ

Total Revenue
$347,790
Total Expenses
$339,192
Total Assets
$862,990
Net Assets
$859,506
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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
2012
Legal Domicile
NJ
Principal Officer
Anthony Megaro
Phone
7328238023
Tax Period
2024-01-01 to 2024-12-31

Jersey Shore Dream Center, founded in 2012, is a small nonprofit in the Mental Health sector that reported $348K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Net assets of $860K represent 30 months of operating reserves.

Mission

Our mission is to give hope to the hopeless, food to the hungry, clothes to the needy, and freedom in Christ Jesus to those bound by addiction.

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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 (2024)

Revenue Breakdown

Contributions & Grants $147,467
Program Service Revenue $0
Investment Income $33,587
Other Revenue $166,736
TOTAL REVENUE $347,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $134,261
Fundraising Expenses $22,248
Program Expenses $150,365
Other Expenses $204,931
TOTAL EXPENSES $339,192

Year-over-Year Comparison

2024 2023 Change
Revenue $347,790 $572,496 -0.4%
Expenses $339,192 $265,000 +0.3%
Net Income $8,598 $307,496 -1.0%
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
9
Independent Members
N/A
Employees
4
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
0
$0
Total Directors
9
$9,269
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diamond Friedel Secretary 10.00
Director
$9,269 $0 $9,269
Isaac Friedel Trustee 5.00
Director
$0 $0 $0
Anthony Megaro Chairman 10.00
Director
$0 $0 $0
Robert Mikolon Trustee 1.00
Director
$0 $0 $0
Doug Dowd Treasurer 1.00
Director
$0 $0 $0
Marie Butler Trustee 1.00
Director
$0 $0 $0
Robert Lane Trustee 1.00
Director
$0 $0 $0
Robert Seaman Trustee 1.00
Director
$0 $0 $0
Coral Brooks Trustee 1.00
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 $347,790 $339,192 $862,990 $8,598
2023 $572,496 $265,000 $850,908 $307,496
2022 $222,392 $200,525 $546,607 $21,867
2021 $593,476 $258,846 $547,686 $334,630
2020 $227,983 $175,210 $407,918 $52,773
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