BECCAS CLOSET INC (EIN 200180226) - 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

2003

Legal Domicile

Principal Officer

Jay Kirtman

Phone

9546735058

Tax Period

2023-08-01 to 2024-07-31

BECCAS CLOSET INC, founded in 2003, is a micro nonprofit in the Education sector that reported $74K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $110K exceeded revenue, resulting in a 50% operating deficit.

Mission

ASSIST IN HELPING UNDERPRIVILEDGED TEENAGERS OBTAIN FORMAL WEAR SO THAT THEY COULD ATTEND HIGH SCHOOL PROMS AND OTHER FORMAL HIGH SCHOOL ACTIVITIES.

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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 $49,469

Program Service Revenue $0

Investment Income $24,136

Other Revenue $0

TOTAL REVENUE $73,605

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $9,615

Program Expenses $90,531

Other Expenses $90,231

TOTAL EXPENSES $110,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,605	$56,253	+0.3%
Expenses	$110,231	$82,624	+0.3%
Net Income	$-36,626	$-26,371	+0.4%

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
Jay Kirtman	President & CEO	10.00	Officer	$0	$0	$0
Henry Boyce	Vice President	10.00	Officer	$0	$0	$0
Lee M Weissman	Treasurer	10.00	Officer	$0	$0	$0
Brian Radonski	Director	0.00	Officer	$0	$0	$0
Thomas Domico	Director	0.00	Officer	$0	$0	$0
Charles Lichtman	Director	0.00	Officer	$0	$0	$0
Ilana Tescher	Director	0.00	Officer	$0	$0	$0
Alyssa Lovitt	Director	0.00	Officer	$0	$0	$0
Lisa Solovay	Director	0.00	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
2025	No data	No data	No data	No data
2024	$73,605	$110,231	$811,319	$-36,626
2023	$56,253	$82,624	$743,868	$-26,371
2022	$72,795	$67,713	$747,917	$5,082
2021	$45,978	$58,916	$786,374	$-12,938
2020	$54,832	$68,051	$648,092	$-13,219
2019	$67,509	$99,233	$627,137	$-31,724
2018	$81,887	$92,530	$657,923	$-10,643

BECCAS CLOSET INC