DRESS FOR SUCCESS HARTFORD COUNTY INC (EIN 061597429) - 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

1998

Legal Domicile

Principal Officer

SARASWATI AVATAPALLI

Phone

8605255015

Tax Period

2023-01-01 to 2023-12-31

DRESS FOR SUCCESS HARTFORD COUNTY INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $203K left a modest 4% surplus.

Mission

THE MISSION FOR DRESS FOR SUCCESS IS TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE AND THE DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND IN LIFE.

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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 $84,597

Program Service Revenue $0

Investment Income $12

Other Revenue $126,613

TOTAL REVENUE $211,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,476

Fundraising Expenses $0

Program Expenses $172,240

Other Expenses $41,172

TOTAL EXPENSES $202,648

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,222	$177,149	+0.2%
Expenses	$202,648	$157,333	+0.3%
Net Income	$8,574	$19,816	-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

N/A

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
ADRIENNE LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
KARA SUNDLUN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
LOUISA DESSON	DIRECTOR	1.00	Director	$0	$0	$0
SADIE KARKATONIS	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE WRIGHT	PRESIDENT	2.00	Officer	$0	$0	$0
KATE MCGINNES COLLINS	VICE CHAIR	1.00	Officer	$0	$0	$0
SARAH SODERMAN	TREASURER	2.00	Officer	$0	$0	$0
SARASWATI AVATAPALLI	EXECUTIVE DIR.	35.00	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
2024	No data	No data	No data	No data
2023	$211,222	$202,648	$296,981	$8,574
2019	$223,080	$174,730	$215,085	$48,350

DRESS FOR SUCCESS HARTFORD COUNTY INC