DREAMS WITH WINGS INC

EIN: 611371540 501(c)(3) Human Services

LOUISVILLE, KY

Total Revenue
$6,618,380
Total Expenses
$5,722,908
Total Assets
$5,917,066
Net Assets
$5,306,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
KY
Principal Officer
JENIFER FROMMEYER
Phone
5024594647
Tax Period
2023-07-01 to 2024-06-30

DREAMS WITH WINGS INC, founded in 2000, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 14% surplus.

Mission

TO EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES, DEVELOPMENTAL DISABILITIES, AND AUTISM AS THEY RECOGNIZE THEIR STRENGTHS, CONTRIBUTE TO THEIR COMMUNITY AND PURSUE THEIR DREAMS.

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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 $846,754
Program Service Revenue $5,471,286
Investment Income $107,933
Other Revenue $192,407
TOTAL REVENUE $6,618,380

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,610,361
Fundraising Expenses $63,463
Program Expenses $4,751,534
Other Expenses $2,112,547
TOTAL EXPENSES $5,722,908

Year-over-Year Comparison

2023 2022 Change
Revenue $6,618,380 $6,919,745 0.0%
Expenses $5,722,908 $5,362,715 +0.1%
Net Income $895,472 $1,557,030 -0.4%
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
9
Independent Members
8
Employees
170
Volunteers
93

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
$84,819
Total Directors
9
$84,819
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENIFER FROMMEYER EXECUTIVE DIRECTOR 40.00
Officer Director
$78,652 $6,167 $84,819
MITZI WYRICK DIRECTOR 1.00
Director
$0 $0 $0
JOE AMMERMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID HARRIS DIRECTOR 1.00
Director
$0 $0 $0
MIKE MARRA DIRECTOR 1.00
Director
$0 $0 $0
DEBBY SEXTON TREASURER 1.00
Officer Director
$0 $0 $0
SEAN DOWNING SECRETARY 1.00
Officer Director
$0 $0 $0
DONNA SCHNEITER PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL SAUER DIRECTOR 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 No data No data No data No data
2024 $6,618,380 $5,722,908 $5,917,066 $895,472
2023 $6,919,745 $5,362,715 $5,045,966 $1,557,030
2022 $5,806,991 $4,791,676 $4,126,957 $1,015,315
2021 $4,468,613 $4,276,712 $3,601,840 $191,901
2020 $4,693,914 $4,403,589 $2,902,755 $290,325
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