DREAMS OF WILMINGTON INC (EIN 562001053) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

KIMBERLY LEBBY

Phone

9107721501

Tax Period

2024-07-01 to 2025-06-30

DREAMS OF WILMINGTON INC, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $953K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $819K left a modest 14% surplus.

Mission

THE MISSION OF DREAMS IS TO CREATE A CULTURE OF CONFIDENCE FOR YOUTH AND TEENS, THROUGH EQUITABLE ACCESS TO ARTS EDUCATION, SUPPORTED BY VALUES OF RESPECT, FAMILY AND COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $880,776

Program Service Revenue $36,955

Investment Income $31,202

Other Revenue $3,678

TOTAL REVENUE $952,611

Expense Breakdown

Grants Paid $17,645

Salaries & Benefits $304,061

Fundraising Expenses $31,020

Program Expenses $661,702

Other Expenses $497,006

TOTAL EXPENSES $818,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,611	$698,550	+0.4%
Expenses	$818,712	$838,773	0.0%
Net Income	$133,899	$-140,223	-2.0%

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

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY LEBBY	EXECUTIVE DI	40.00	Officer	$95,000	$0	$95,000
MARLON RAMOS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE WILLIAMS	CO-CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA BAIRD	TREASURER	1.00	Officer Director	$0	$0	$0
AUDRA MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH LOONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARSON HOBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK HIPP	BOARD MEMBER	1.00	Director	$0	$0	$0
KASSANDRA DAVIDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN PEOPLES	BOARD MEMBER	1.00	Director	$0	$0	$0
MADISON CARLOS	BOARD MEMBER	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
2025	$952,611	$818,712	$2,150,921	$133,899
2024	$698,550	$838,773	$2,005,650	$-140,223
2023	$758,201	$747,853	$2,117,315	$10,348
2022	$525,967	$522,668	$2,100,787	$3,299
2021	$449,100	$460,204	$2,196,863	$-11,104
2020	$782,829	$459,030	$2,158,033	$323,799
2019	$527,297	$527,427	$1,762,209	$-130
2018	$718,627	$577,536	$1,758,224	$141,091

DREAMS OF WILMINGTON INC