COLORADO DREAM FOUNDATION

EIN: 742497109 501(c)(3)

DENVER, CO

Total Revenue
$2,172,758
Total Expenses
$2,041,306
Total Assets
$2,245,630
Net Assets
$2,012,716
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CO
Principal Officer
KAYE TAAVIALMA
Tax Period
2023-07-01 to 2024-06-30

COLORADO DREAM FOUNDATION, founded in 1991, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 6% surplus.

Mission

WE PARTNER WITH YOUTH AND THEIR FAMILIES AS THEY SUCCESSFULLY NAVIGATE SCHOOL, COLLEGE, AND CAREER BY PROVIDING A HOLISTIC ACADEMIC, SOCIAL, AND EMOTIONAL PROGRAM FROM ELEMENTARY SCHOOL THROUGH COLLEGE, ALONG WITH POST-SECONDARY SCHOLARSHIP ASSISTANCE.

Program Service Accomplishments

Program 1
Expenses: $1,661,933

COLORADO DREAM FOUNDATION WAS INCORPORATED UNDER THE LAWS OF THE STATE OF COLORADO ON FEBRUARY 29, 1988. SINCE OUR FOUNDING IN 1988, WE HAVE BEEN UNIQUELY POSITIONED TO DELIVER RESULTS BECAUSE OF THE...

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COLORADO DREAM FOUNDATION WAS INCORPORATED UNDER THE LAWS OF THE STATE OF COLORADO ON FEBRUARY 29, 1988. SINCE OUR FOUNDING IN 1988, WE HAVE BEEN UNIQUELY POSITIONED TO DELIVER RESULTS BECAUSE OF THE LONG-LASTING, DEEP RELATIONSHIPS WE BUILD WITH FAMILIES, STARTING IN ELEMENTARY SCHOOL AND CONTINUING THROUGH COLLEGE AND INTO A CAREER. OUR PROGRAM TAKES PLACE IN OUT-OF-SCHOOL TIME SETTINGS, ALLOWING US TO UTILIZE AFTERNOONS, EVENINGS, AND THE SUMMER TO WORK WITH OUR YOUTH. OUR COMMITMENT TO SUPPORTING YOUTH THROUGH THEIR POST-SECONDARY JOURNEY MEANS WE MUST BUILD A LONG-LASTING CONNECTION AND UNDERSTANDING OF THEM AND ADAPT TO MEET THEIR NEEDS EVERY STEP OF THE WAY. ADDITIONALLY, OUR HISTORY OF SUCCESS WITH UTILIZING DATA AND EVALUATION TO MONITOR YOUTHS ACADEMIC AND SOCIAL-EMOTIONAL GROWTH CLOSELY POSTIONS US WELL TO CONTINUE DELIVERING SOLID RESULTS. IN FY24, WE USED SEVERAL METRICS TO ENSURE WE ARE SUCCESSFULLY PREPARING OUR YOUTH FOR HIGH SCHOOL GRADUATION AND SECONDARY SUCCESS. THE FOLLOWING RESULTS DEMONSTATE OUR PROGRESS IN FY24, -OVERALL PARTICIPATION NUMBERS: 423 YOUTH ACROSS ALL PROGRAMMING SERVED. -MAINTAINING REGULAR ATTENDANCE RATES: 90% OF YOUTH HAD A DAILY SCHOOL ATTENDANCE RATE OF 95% OR HIGHER.-AFTER SCHOOL PROGRAMMING: SUPPORTED YOUTH FROM 32 TITLE I DIFFERENT SCHOOLS IN DENVER, AT NO COST TO FAMILIES.-FAMILY AND YOUTH PROGRAM SATISFACTION RATES: 95% OF FAMILIES AND YOUTH WERE SATISFIED OR VERY SATISFIED WITH OUR SUMMER CAMP.-ONE ON ONE THERAPY SESSIONS: MORE THAN 10,000 THERAPY SESSIONS SINCE PROGRAM BEGAN IN SEPTEMBER 2021. 135 STUDENTS SERVED ACROSS TWO SITES, WITH 87% OF CLIENTS MEETING ONE OR MORE THERAPY GOALS.-FAMILY SUPPORT THROUGH SYSTEMS ADVOCACY: CDF PARTNERED WITH MORE THAN 150 ORGANIZATIONS TO HELP FAMILIES MEET BASIC NEEDS AND EFFECTIVELY NAVIGATING SYSTEMS SUCH AS HEALTH CARE, HOUSING ASSISTANCE, AND FOOD SUPPORT. THE FOUNDATION IS SUPPORTED PRIMARILY BY PRIVATE AND PUBLIC SECTOR GRANTS AND DONATIONS AND IS COMMITTED TO MAINTAINING FINANCIAL STABILITY. THE FOUNDATIONS DIVERSE LEADERSHIP TEAM AND BOARD OF DIRECTORS PROVIDE OPERATIONAL OVERSIGHT TO ENSURE ITS CONTINUING FINANCIAL HEALTH.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,975,953
Program Service Revenue $0
Investment Income $57,131
Other Revenue $139,674
TOTAL REVENUE $2,172,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,634,569
Fundraising Expenses $124,029
Program Expenses $1,661,933
Other Expenses $350,237
TOTAL EXPENSES $2,041,306

Year-over-Year Comparison

2023 2022 Change
Revenue $2,172,758 $1,994,051 +0.1%
Expenses $2,041,306 $1,818,511 +0.1%
Net Income $131,452 $175,540 -0.3%
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
19
Independent Members
19
Employees
52
Volunteers
25

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
$171,185
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAYE TAAVIALMA PRESIDENT AND CEO 40.00
Officer
$162,485 $8,700 $171,185
STEPHANIE DREILING VP OF FINANCE 40.00
Highest
$108,451 $8,700 $117,151
CAITLIN SPAIN DIRECTOR 2.00
Director
$0 $0 $0
SHELBY MARTIN DIRECTOR 2.00
Director
$0 $0 $0
BECKY MANCERO DIRECTOR 2.00
Director
$0 $0 $0
JIM STAMBAUGH DIRECTOR 2.00
Director
$0 $0 $0
JOHN WETHERINGTON DIRECTOR 2.00
Director
$0 $0 $0
SANDY WEISS DIRECTOR 2.00
Director
$0 $0 $0
RUSTY WEHNER DIRECTOR 2.00
Director
$0 $0 $0
KIRSTEN KLIPP VANARSDALE DIRECTOR 2.00
Director
$0 $0 $0
ROB COHEN DIRECTOR 2.00
Director
$0 $0 $0
GEORGE FLANDERS DIRECTOR 2.00
Director
$0 $0 $0
COOPER COHEN DIRECTOR 2.00
Director
$0 $0 $0
TONYA ALLEN DIRECTOR 2.00
Director
$0 $0 $0
SEAN CAMACHO DIRECTOR 2.00
Director
$0 $0 $0
LESLIE GINSBURG DIRECTOR 2.00
Director
$0 $0 $0
MARK HUMPHREY DIRECTOR 2.00
Director
$0 $0 $0
DENNY OMALLEY TREASURER 10.00
Officer Director
$0 $0 $0
DEREK SCHOONOVER PRESIDENT 10.00
Officer Director
$0 $0 $0
VANESSA DAVISON VICE CHAIR 10.00
Officer Director
$0 $0 $0
WENDY ROCKWELL SECRETARY 10.00
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 No data No data No data No data
2024 $2,172,758 $2,041,306 $2,245,630 $131,452
2023 $1,994,051 $1,818,511 $1,952,417 $175,540
2022 $1,722,938 $1,530,763 $1,771,093 $192,175
2021 $1,491,887 $1,315,096 $1,936,888 $176,791
2020 $1,273,197 $1,817,732 $1,623,183 $-544,535
2019 $2,081,180 $1,888,280 $1,937,709 $192,900
2018 $1,546,896 $1,693,760 $1,813,538 $-146,864
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