ATLANTA DREAM ACADEMY INC

EIN: 812774889 501(c)(3) Education

ATLANTA, GA

Total Revenue
$4,499,542
Total Expenses
$6,973,554
Total Assets
$15,332,294
Net Assets
$-1,457,086
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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
2016
Legal Domicile
GA
Tax Period
2023-07-01 to 2024-06-30

ATLANTA DREAM ACADEMY INC, founded in 2016, is a community nonprofit in the Education sector that reported $4.5M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 55% operating deficit.

Mission

OPERATION OF A CHARTER SCHOOL.

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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 $882,318
Program Service Revenue $3,617,224
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,499,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,868,148
Other Expenses $6,973,554
TOTAL EXPENSES $6,973,554

Year-over-Year Comparison

2023 2022 Change
Revenue $4,499,542 $5,828,862 -0.2%
Expenses $6,973,554 $6,398,992 +0.1%
Net Income $-2,474,012 $-570,130 +3.3%
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
8
Independent Members
8
Employees
28
Volunteers
N/A

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
3
$0
Total Directors
9
$184,250
Key Employees
1
$184,250
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAINA CHIPMAN LEEKS EXECUTIVE DIRECTOR 40.00
Director Key Emp
$184,250 $0 $184,250
BARRY WILLIAMS DIRECTOR 40.00
Highest
$176,000 $0 $176,000
TERREL THOMAS BOARD MEMBER 0.00
Director
$0 $0 $0
KASON WHITE BOARD MEMBER 0.00
Director
$0 $0 $0
DANIEL FARR BOARD MEMBER 0.00
Director
$0 $0 $0
TRAVIS JONES BOARD MEMBER 0.00
Director
$0 $0 $0
JANELLE FUNDERBURK BOARD MEMBER 0.00
Director
$0 $0 $0
SHERIDA MABON CHAIR 0.00
Officer Director
$0 $0 $0
AUDREY WILLIAMSON SECRETARY VICE CHAIR 0.00
Officer Director
$0 $0 $0
ERIC WELLS TREASURER 0.00
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 $4,499,542 $6,973,554 $15,332,294 $-2,474,012
2023 $5,828,862 $6,398,992 $4,958,767 $-570,130
2022 $3,636,902 $3,461,260 $2,790,827 $175,642
2020 $1,908,547 $896,478 $1,323,957 $1,012,069
2019 $341,226 $56,948 $284,278 $284,278
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