Rating reports

Blue Dragon
Input

Blue Dragon employs a team of passionate social workers, psychologists, child rights advocates, educators and support staff. Particularly, they have a small team (6) of full-time foreign volunteers who support their communication, social work, education and maintenance departments. In addition, they have a number of local and foreign volunteers who work on a part-time basis in their education department. These volunteers teach elective classes and provide tuition before and after school.

The current structure of Blue Dragon is quite flat – coordinators report to Michael Brosowski, the Director. Accordingly, staff have substantial input into decision-making. There is currently no formal Board of Trustees, although one is being established at the moment.

In 2009, Blue Dragon reported total income of $463 thousand, a 28% increase year-on-year. Restricted income was $313 thousand, accounting for 67% of total income, and recording a 31% increase year-on-year. 84% went directly to support the children with 71% deployed on the Step Ahead project in Hanoi, 6% on Stay in School – Bac Ninh, 15% on Hoi An Children’s Home, and 9% on Safe and Sound – Hue.

A lean 9% was spent on the management and organization in 2009. Cost per employee is approximately $4,000 annually and Blue Dragon benefits from a large pool of expat and local volunteers.

Key Financials        
Year end 30 June ($000s) 2007 2008 2009E 2010E
Income        
Project restricted income 266 253 313  265
Unrestricted income 12 116 130  257
Othe income 9 12 20  13
Total income 287 381 463  535
Expenses        
Project expenses 170 298 366  409
Costs of generating funds 19 22 31  52
Administration expenses 8 31 37 74
Total expenses 197 351 434  535
         
Balance of project restricted funds 19 20 138   

Reserves

131 158 162   

Number of employees

29 39 41  47
         

In 2009, Blue Dragon reported total income of $463 thousand, a 28% increase year-on-year. Restricted income was $313 thousand, accounting for 67% of total income, and recording a 31% increase year-on-year. 84% went directly to support the children with 71% deployed on the Step Ahead project in Hanoi, 6% on Stay in School – Bac Ninh, 15% on Hoi An Children’s Home, and 9% on Safe and Sound – Hue.

A lean 7% was spent on the management and organization. Cost per employee is approximately $4,000 annually and Blue Dragon benefits from a large pool of expat and local volunteers.

Key ratios 2007 2008 2009 2010E
Proportion of restricted income 93% 66% 68% 50%
Proportion of income used in projects 59% 78% 79% 76%
Programme ratio 86% 85% 84% 76%
Administration ratio 4% 9% 9% 14%
Fundraising efficiency 7 cents 6 cents 7 cents 10 cents
Cost per employee (average) $2,586 $3,256 $4,220 $4,404
Reserve development   19% 69%  
Number of months of survival 9 6 7  

 


Previous page: Home
Next page: Ratings criteria