Dream On 3

EIN: 461988039 501(c)(3) Health Care

Charlotte, NC

Total Revenue
$3,047,861
Total Expenses
$3,187,170
Total Assets
$942,195
Net Assets
$422,317
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NC
Principal Officer
Brandon Lindsey
Phone
7047076803
Tax Period
2024-07-01 to 2025-06-30

Dream On 3, founded in 2013, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

To make dreams come true for children with chronic illness, development disabilities, or life-altering conditions by creating experiences of joy and magic through the world of sports.

Program Service Accomplishments

Program 1
Expenses: $1,372,268 Revenue: $659,733

The Dream Experience - Program serves individuals living with chronic illnesses, intellectual or developmental disabilities or life-altering conditions. Recipients between the ages of 5 and 21...

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The Dream Experience - Program serves individuals living with chronic illnesses, intellectual or developmental disabilities or life-altering conditions. Recipients between the ages of 5 and 21 receive a fully customized, VIP experience built around their interests and their ultimate sports dream. Dream On 3 unites the healthcare, business, and sports communities to create these over-the-top experiences. To date we have served over 240 Dream Recipients and their families.

Program 2
Expenses: $438,270 Revenue: $232,051

Collegiate Dream Teams - Groups of student leaders that are passionate about helping others in their community work alongside Dream On 3 to plan, market, fundraise, and ultimately fulfill the Dream...

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Collegiate Dream Teams - Groups of student leaders that are passionate about helping others in their community work alongside Dream On 3 to plan, market, fundraise, and ultimately fulfill the Dream Experience of an individual living with a life-altering medical condition. Teams consist of 15-20 students from each college. CDT members gain a wealth of real-world career and hands-on experience such as leadership development, team building, and community engagement all while helping someone in their community. The program develops work-related skills such as marketing, branding, public relations, social media, fundraising, donor relations, non-profit management, event planning, and more. We have worked with hundreds of students that have served on 47 CDT teams across various college campuses.

Program 3
Expenses: $96,557 Revenue: $84,855

Jr. Dream Team - The Jr. Dream Team program helps student leaders plan, fundraise, and rally the school to support a fellow classmate living with a life-altering condition. Students work with faculty...

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Jr. Dream Team - The Jr. Dream Team program helps student leaders plan, fundraise, and rally the school to support a fellow classmate living with a life-altering condition. Students work with faculty members and Dream On 3 staff to rally the entire high school in support of their Dream Recipient. Dream On 3 has found that when entire school and supporting community unite in the spirit of inclusion, the result is life-changing. We have worked with hundreds of students on 30 Jr Dream Teams across various high schools.

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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 $2,614,888
Program Service Revenue $0
Investment Income $74,289
Other Revenue $358,684
TOTAL REVENUE $3,047,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,400,541
Fundraising Expenses $656,558
Program Expenses $2,114,176
Other Expenses $1,786,629
TOTAL EXPENSES $3,187,170

Year-over-Year Comparison

2024 2023 Change
Revenue $3,047,861 $2,673,228 +0.1%
Expenses $3,187,170 $3,017,886 +0.1%
Net Income $-139,309 $-344,658 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
24
Volunteers
578

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
5
$131,000
Total Directors
9
$90,302
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ben Allred CEO 40.00
Officer
$131,000 $0 $131,000
Elizabeth Lindsey Executive Dir. 40.00
Director
$82,775 $7,527 $90,302
Meghan Huffman Chair 2.50
Officer Director
$0 $0 $0
Brandon Lindsey President 2.50
Officer Director
$0 $0 $0
Steve OBrien MD Vice President 2.50
Officer Director
$0 $0 $0
Devin Hays Secretary 2.50
Director
$0 $0 $0
Dale Fite Treasurer 2.50
Director
$0 $0 $0
Mihret Hamda Board Member 2.50
Director
$0 $0 $0
James Ross Board Member 2.50
Director
$0 $0 $0
Julia Whitcomb Board Member 2.50
Officer 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 $3,047,861 $3,187,170 $942,195 $-139,309
2024 $2,673,228 $3,017,886 $1,145,705 $-344,658
2023 $2,510,038 $2,284,194 $1,595,423 $225,844
2022 $1,647,022 $1,485,803 $751,479 $161,219
2021 $644,637 $504,711 $579,341 $139,926
2020 $1,117,059 $925,398 $478,151 $191,661
2019 $1,027,964 $1,071,798 $296,214 $-43,834
2018 $1,034,895 $848,050 $430,133 $186,845
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