SHOALS DREAM CENTER INC (EIN 854344924) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

JIMMY HAYES

Phone

2567609759

Tax Period

2024-01-01 to 2024-12-31

SHOALS DREAM CENTER INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $464K in total revenue in fiscal year 2021. Expenses of $432K left a modest 7% surplus.

Mission

TO FOSTER, DEVELOP AND PROMOTE CHARITABLE PURPOSES AND ACTIVITIES, INCLUDING, BUT NOT LIMITED TO, COMMUNITY DEVELOPMENT, JOB SKILLS TRAINING, SOCIAL REHABILITIATION, EDUCATIONAL DEVELOPMENT, TUTORING, MENTORING, PROVISION OF FOOD AND CLOTHING, AND OTHER ACTIVITIES DESIGNED TO ALLEVIATE CONDITIONS OF POVERTY, FOR RESIDENTS OF NORTHWEST ALABAMA, PARTICULARLY, RESIDENTS OF LAUDERDALE AND COLBERT COUNTIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $951,089

Program Service Revenue $0

Investment Income $4,022

Other Revenue $0

TOTAL REVENUE $955,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $602,427

Fundraising Expenses $0

Program Expenses $1,017,534

Other Expenses $415,107

TOTAL EXPENSES $1,017,534

Year-over-Year Comparison

	2024	2023	Change
Revenue	$955,111	$1,220,865	-0.2%
Expenses	$1,017,534	$903,647	+0.1%
Net Income	$-62,423	$317,218	-1.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALEB CHAMBERS	VICE-PRESIDE	N/A	Officer	$0	$0	$0
ASHLEY COOK	SECRETARY	N/A	Officer	$0	$0	$0
ROBERT GOURLEY	PRESIDENT	N/A	Officer	$0	$0	$0
JIMMY HAYES	EXECUTIVE DI	N/A	Officer	$0	$0	$0
AARON HOWARD	TREASURER	N/A	Officer	$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	$955,111	$1,017,534	$278,227	$-62,423
2023	$1,220,865	$903,647	$345,961	$317,218
2022	$892,394	$981,490	$250,689	$-89,096
2021	$464,117	$432,365	$221,710	$31,752

SHOALS DREAM CENTER INC