DREAM CENTER OF HAMPTON ROADS

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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

Principal Officer

KEVIN TURPIN

Phone

7572276930

Tax Period

2022-01-01 to 2022-12-31

DREAM CENTER OF HAMPTON ROADS, founded in 2020, is a small nonprofit in the Human Services sector that reported $500K in total revenue in fiscal year 2022. Revenue surged 84% from the prior year, signaling strong growth momentum.

Mission

A COMMUNITY DEVELOPMENT BASED OUTREACH THAT SEEKS TO ELIMINATE OR GREATLY REDUCE THE BARRIERS TO SUCCESS FOR THE IMPOVERISHED, UNDERPRIVILEGED, AND THE MARGINALIZED.

Program Service Accomplishments

Program 1

Expenses: $485,903 Revenue: $27,054

PROVIDE ASSISTANCE IN THE COMMUNITY TO ELIMINATE OR GREATLY REDUCE THE BARRIERS TO SUCCESS FOR THE IMPOVERISHED, UNDERPRIVILEGED AND THE MARGINALIZED INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $472,533

Program Service Revenue $27,054

Investment Income $0

Other Revenue $0

TOTAL REVENUE $499,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,251

Fundraising Expenses $1,573

Program Expenses $487,005

Other Expenses $478,513

TOTAL EXPENSES $530,764

Year-over-Year Comparison

	2022	2021	Change
Revenue	$499,587	$271,619	+0.8%
Expenses	$530,764	$251,279	+1.1%
Net Income	$-31,177	$20,340	-2.5%

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
DAN BACKENS	DIRECTOR	5.00	Director	$0	$0	$0
SANDRA CHRISTMAS	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA KING	DIRECTOR	5.00	Director	$0	$0	$0
JACKIE KOON	TREASURER	5.00	Officer Director	$0	$0	$0
SEQUOIA OWENS	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN TURPIN	PRESIDENT	20.00	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
2022	$499,587	$530,764	$28,375	$-31,177
2021	$271,619	$251,279	$58,765	$20,340