DRESS FOR SUCCESS WORLDWIDE

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ARMINE ARUSTAMYAN

Phone

2125321922

Tax Period

2024-01-01 to 2024-12-31

DRESS FOR SUCCESS WORLDWIDE, founded in 2003, is a mid-sized nonprofit in the International Affairs sector that reported $14.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

DRESS FOR SUCCESS SUPPORTS UNEMPLOYED AND UNDEREMPLOYED WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE AND THRIVE IN WORK AND IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $11,131,558 Revenue: $1,673,000

IN 2024, PROGRAMS INCLUDED IMPLEMENTING MONITORING AND EVALUATION FRAMEWORKS, STRENGTHENING AFFILIATE GOVERNANCE POLICIES, AND PROVIDING TECHNICAL ASSISTANCE FOR PROGRAM IMPLEMENTATION AND...

IN 2024, PROGRAMS INCLUDED IMPLEMENTING MONITORING AND EVALUATION FRAMEWORKS, STRENGTHENING AFFILIATE GOVERNANCE POLICIES, AND PROVIDING TECHNICAL ASSISTANCE FOR PROGRAM IMPLEMENTATION AND COMPLIANCE. DSW FACILITATES AFFILIATE ENGAGEMENT THROUGH LEADERSHIP CONFERENCES, REGIONAL ROUNDTABLES, AND DIGITAL PLATFORMS FOR RESOURCE SHARING AND COLLABORATION. THE ORGANIZATION ALSO MANAGES CENTRALIZED DISBURSEMENT OF DESIGNATED FUNDING AND IN-KIND CONTRIBUTIONS FROM DONORS, WHILE OVERSEEING GLOBAL BRAND MANAGEMENT, IMPACT MEASUREMENT, AND AFFILIATE STANDARDS.DSW CENTRALLY MANAGES PROGRAMMATIC PARTNERSHIPS AND INITIATIVES THAT SUPPORT AFFILIATES IN DELIVERING WORKFORCE DEVELOPMENT SERVICES GLOBALLY. AREAS OF FOCUS INCLUDE CAREER READINESS, SKILL-BUILDING, PEER SUPPORT, AND ACCESS TO PROFESSIONAL ATTIRE. IN 2024, DSW EXPANDED INITIATIVES IN ENTREPRENEURSHIP, MENTAL HEALTH AND WELL-BEING, AND FINANCIAL LITERACY, WHILE ALSO ENHANCING THE DRESS FOR SUCCESS ONLINE COMMUNITY. THE PLATFORM CONTINUES TO SERVE AS A CENTRALIZED HUB FOR CLIENT RESOURCES, DIGITAL PROGRAMMING, AND VIRTUAL CONNECTION BETWEEN AFFILIATES AND THE WOMEN THEY SERVE.

Program 2

Expenses: $1,214,418 Revenue: $100,000

THROUGH SERVICE HUBS IN NEW YORK CITY AND CHICAGO, DSW PROVIDES DIRECT PROGRAMMING TO UNEMPLOYED AND UNDER EMPLOYED WOMEN SEEKING CAREER ADVANCEMENT AND FINANCIAL STABILITY. OFFERINGS INCLUDE...

THROUGH SERVICE HUBS IN NEW YORK CITY AND CHICAGO, DSW PROVIDES DIRECT PROGRAMMING TO UNEMPLOYED AND UNDER EMPLOYED WOMEN SEEKING CAREER ADVANCEMENT AND FINANCIAL STABILITY. OFFERINGS INCLUDE PROFESSIONAL ATTIRE, CAREER COACHING, EMPLOYMENT RETENTION, DIGITAL LITERACY, AND FINANCIAL EDUCATION. SERVICES ARE DELIVERED BOTH IN-PERSON AND ONLINE USING INDIVIDUAL AND COHORT-BASED MODELS TAILORED TO THE NEEDS OF EACH COMMUNITY. PROGRAMS EMPHASIZE TRAUMA-INFORMED PRACTICES AND SUPPORT PARTICIPANTS THROUGH JOB SEARCH, PLACEMENT, AND CAREER GROWTH. IN ALIGNMENT WITH THE STRATEGIC PLAN, THE CHICAGO HUB OFFICIALLY SPUN OFF AS AN INDEPENDENT AFFILIATE IN OCTOBER 2024.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,989,328

Program Service Revenue $0

Investment Income $218,208

Other Revenue $178,675

TOTAL REVENUE $14,386,211

Expense Breakdown

Grants Paid $1,934,953

Salaries & Benefits $4,021,486

Fundraising Expenses $1,132,754

Program Expenses $12,345,976

Other Expenses $9,211,051

TOTAL EXPENSES $15,167,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,386,211	$15,295,821	-0.1%
Expenses	$15,167,490	$15,608,655	0.0%
Net Income	$-781,279	$-312,834	+1.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

131

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

$435,042

Total Directors

Key Employees

$491,123

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELENA KIAM	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY CUSICK DROPCHINSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
ERICA FRONTERO	CHAIR	1.00	Officer Director	$0	$0	$0
RENEE LAROCHE-MORRIS	TREASURER	1.00	Officer Director	$0	$0	$0
MELONY BUTLER	BOARD MEMBER	0.50	Director	$0	$0	$0
ANU AIYENGAR	BOARD MEMBER	0.50	Director	$0	$0	$0
JANESSA COX-IRVIN	BOARD MEMBER	0.50	Director	$0	$0	$0
LORETTA MARCOCCIA	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK AQUILA	BOARD MEMBER	0.50	Director	$0	$0	$0
DIERDRE FITZGERALD	BOARD MEMBER	0.50	Director	$0	$0	$0
SACHIN NANAVATI	BOARD MEMBER	0.50	Director	$0	$0	$0
TRACY NOLAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DALE BORNSTEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
FELICIA HALE	BOARD MEMBER	0.50	Director	$0	$0	$0
AMI PALAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARION MENZIES	BOARD MEMBER	0.50	Director	$0	$0	$0
CHERYL KERN	BOARD MEMBER	0.50	Director	$0	$0	$0
JOYCE RUSSELL	BOARD MEMBER	0.50	Director	$0	$0	$0
JEAN SELDEN GREENE	BOARD MEMBER	0.50	Director	$0	$0	$0
BART SHULDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER WINDBECK	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELE MEYER-SHIPP	CEO	40.00	Officer	$435,000	$42	$435,042
ARLENE LOZANO	CHIEF AFFILIATE IMPACT OFFICER	40.00	Key Emp	$227,901	$20,438	$248,339
ELIZABETH CAREY	CHIEF AFFILIATE & SUSTAINABILITY OFFICER	40.00	Key Emp	$228,685	$14,099	$242,784
TONYA PECK	DIRECTOR PROGRAM TRANSFORMATION	40.00	Highest	$141,843	$34,370	$176,213
JOANNE LEIGHTON	CONTROLLER	40.00	Highest	$122,880	$27,487	$150,367
JENNIFER WUERZ	INTERIM DIRECTOR NYC	40.00	Highest	$120,291	$21,098	$141,389
ROBERTO SCHIATTINO FIGUEROA	DIRECTOR OF COMMUNICATIONS	40.00	Highest	$111,043	$18,905	$129,948

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	$14,386,211	$15,167,490	$11,968,523	$-781,279
2023	$15,295,821	$15,608,655	$13,137,291	$-312,834
2022	$11,971,957	$11,505,603	$8,932,446	$466,354
2021	$14,118,582	$13,024,037	$9,765,263	$1,094,545
2020	$18,943,759	$18,971,859	$7,924,952	$-28,100
2019	$15,223,082	$14,144,891	$7,442,582	$1,078,191
2018	$20,498,470	$20,807,514	$6,208,071	$-309,044