RUNWAY OF DREAMS FOUNDATION

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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

2014

Legal Domicile

Principal Officer

MINDY SCHEIER

Phone

9179923902

Tax Period

2023-01-01 to 2023-12-31

RUNWAY OF DREAMS FOUNDATION, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 37% operating deficit.

Mission

RUNWAY OF DREAMS FOUNDATION WORKS TOWARD A FUTURE OF INCLUSION, ACCEPTANCE AND OPPORTUNITY IN THE FASHION INDUSTRY FOR PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $203,382

CAMPAIGN FOR INCLUSION: THROUGH MAJOR MEDIA ENGAGEMENTS, SPEAKING OPPORTUNITIES, CONFERENCES, COMMUNITY PARTNERSHIPS AND COLLEGE CLUBS AND STORY TELLING INITIATIVES, THE FOUNDATION BRINGS VISIBILITY...

Program 2

Expenses: $793,011

ADAPTIVE RUNWAY SHOWS- THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH...

ADAPTIVE RUNWAY SHOWS- THE RUNWAY OF DREAMS FOUNDATION PRODUCES NATIONAL RUNWAY SHOWS THAT CELEBRATE INCLUSION, HIGHLIGHT CHANGE IN THE FASHION INDUSTRY AND EMPOWER PEOPLE WITH DISABILITIES WITH CONFIDENCE, INDEPENDENCE AND STYLE.

Program 3

Expenses: $52,267

SCHOLARSHIPS & COLLEGIATE PROGRAMS: RUNWAY OF DREAMS FOUNDATION INVESTS IN THE FUTURE OF FUNCTIONAL FASHION BY PROVIDING SCHOLARSHIPS TO THE NEXT GENERATION OF STUDENTS ADVANCING ADAPTIVE DESIGN. THE COLLEGE CLUBS ARE OFFICIAL ON CAMPUS, STUDENT-LED CLUBS THAT RAISE AWARENESS OF THE MISSION THROUGH CAMPAIGNS AND SOCIAL MEDIA AND HOST ADAPTIVE RUNWAY SHOWS FEATURING COMMUNITY MEMBERS WITH VARYING DISABILITIES WHO MODEL ADAPTIVE APPAREL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,136,410

Program Service Revenue $0

Investment Income $15

Other Revenue $-68,761

TOTAL REVENUE $1,067,664

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,298

Fundraising Expenses $80,207

Program Expenses $1,048,660

Other Expenses $1,148,596

TOTAL EXPENSES $1,466,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,067,664	$1,116,927	0.0%
Expenses	$1,466,894	$1,137,381	+0.3%
Net Income	$-399,230	$-20,454	+18.5%

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

100

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
MINDY SCHEIER	FOUNDER	40.00	Officer Director	$0	$0	$0
DAWN ROBERTSON	FINANCE CHAIR	4.00	Officer Director	$0	$0	$0
DANA NABEREZNY	TRUSTEE	4.00	Director	$0	$0	$0
MATT LAUKIATIS	TRUSTEE	2.00	Director	$0	$0	$0
GENA SMITH	TRUSTEE	2.00	Director	$0	$0	$0
LYDIA SMITH	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW GRAISER	TRUSTEE	4.00	Director	$0	$0	$0
KATHRYN CORDES	TRUSTEE	2.00	Director	$0	$0	$0
PAUL ROSENGARD	TRUSTEE	2.00	Director	$0	$0	$0
GARY SHEINBAUM	TRUSTEE	2.00	Director	$0	$0	$0
DAVE STEVENS	TRUSTEE	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	$1,067,664	$1,466,894	$57,129	$-399,230
2022	$1,116,927	$1,137,381	$237,651	$-20,454
2021	$1,107,080	$711,307	$499,115	$395,773
2020	$248,616	$381,219	$211,483	$-132,603
2019	$1,131,196	$907,237	$301,957	$223,959
2018	$534,843	$856,452	$94,577	$-321,609