CONNELLY DREAM CENTER (EIN 814667259) - 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

2016

Principal Officer

FRANK SULLIVAN

Phone

9319937791

Tax Period

2023-01-01 to 2023-12-31

CONNELLY DREAM CENTER, founded in 2016, is a small nonprofit that reported $702K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $612K left a modest 13% surplus.

Mission

CONNELLY DREAM CENTER PROVIDES FOR INDIVIDUALS IN DIFFICULT AND CHALLENGING SITUATIONS WITH MEALS, FOOD, CLOTHING, FURNITURE, FINANCIAL ASSISTANCE AND CHRISTIAN COUNSELING AND SUPPORT.

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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 $701,557

Program Service Revenue $0

Investment Income $26

Other Revenue $0

TOTAL REVENUE $701,583

Expense Breakdown

Grants Paid $437,409

Salaries & Benefits $93,479

Fundraising Expenses $0

Program Expenses $569,516

Other Expenses $80,661

TOTAL EXPENSES $611,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$701,583	$747,308	-0.1%
Expenses	$611,549	$506,592	+0.2%
Net Income	$90,034	$240,716	-0.6%

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

$58,350

Total Directors

$58,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SULLIVAN	PRESIDENT	40.00	Officer Director	$34,350	$24,000	$58,350
FAITH DUDLEY	BOARD MEMBER	N/A	Director	$0	$0	$0
PEGGY HUBBARD	BOARD MEMBER	N/A	Director	$0	$0	$0
WILLIAM L TAYLOR II	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
MARIE LALONDE	BOARD MEMBER	N/A	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	$701,583	$611,549	$1,065,706	$90,034
2022	$747,308	$506,592	$977,570	$240,716
2021	$1,016,650	$405,556	$732,796	$611,094
2020	$434,998	$334,346	$129,068	$100,652

CONNELLY DREAM CENTER