CATCHING THE DREAM LEARNING CENTER

EIN: 844855671 501(c)(3) Education

BATTLE CREEK, MI

Total Revenue
$1,298,667
Total Expenses
$878,270
Total Assets
$623,762
Net Assets
$496,004
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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
2020
Legal Domicile
MI
Principal Officer
LASHI HKAWN MAI
Phone
2695896483
Tax Period
2023-01-01 to 2023-12-31

CATCHING THE DREAM LEARNING CENTER, founded in 2020, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $420K, a strong 32% operating margin.

Mission

CATCHING THE DREAM LEARNING CENTER EXISTS TO ENSURE THAT OUR CHILDREN ARE INTELLECTUALLY, SPIRITUALLY, AND EMOTIONALLY READY FOR KIDERGARTEN WHILE PRESERVING THEIR IDENTITY, CULTURE, AND LANGUAGE

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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 $1,298,653
Program Service Revenue $0
Investment Income $14
Other Revenue $0
TOTAL REVENUE $1,298,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $647,773
Fundraising Expenses $13,321
Program Expenses $740,815
Other Expenses $230,497
TOTAL EXPENSES $878,270

Year-over-Year Comparison

2023 2022 Change
Revenue $1,298,667 $637,649 +1.0%
Expenses $878,270 $662,229 +0.3%
Net Income $420,397 $-24,580 -18.1%
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
12
Independent Members
10
Employees
28
Volunteers
20

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
1
$0
Total Directors
8
$104,602
Key Employees
2
$104,602
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BIAK THANK BOARD CHAIR 1.00
Director
$0 $0 $0
LASHI HKAWN MAI PROGRAM DIRECTOR 40.00
Director Key Emp
$0 $0 $54,000
HELEN PAU ASSISTANT PROGRAM DIRECTOR 40.00
Director Key Emp
$0 $0 $50,602
JUDI HRONG TREASURER 1.00
Officer
$0 $0 $0
DAVID LAISUM BOARD MEMBER 1.00
Director
$0 $0 $0
MARK HADDOCK BOARD MEMBER 1.00
Director
$0 $0 $0
KIM LIAN BOARD MEMBER 1.00
Director
$0 $0 $0
SUI HUAI BOARD MEMBER 1.00
Director
$0 $0 $0
MARY LIAN 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
2023 $1,298,667 $878,270 $623,762 $420,397
2022 $637,649 $662,229 $7,702 $-24,580
2021 $204,785 $206,822 $23,751 $-2,037
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