KENZIE'S CLOSET (EIN 205533270) - 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

2006

Legal Domicile

Principal Officer

ROBERT LESAN III

Phone

5135337766

Tax Period

2022-01-01 to 2022-12-31

KENZIE'S CLOSET, founded in 2006, is a small nonprofit in the Human Services sector that reported $654K in total revenue in fiscal year 2022. Revenue surged 265% from the prior year, signaling strong growth momentum. The organization ran a surplus of $460K, a strong 70% operating margin.

Mission

KENZIE'S CLOSET PROVIDES PROM ATTIRE FREE OF CHARGE TO JUNIOR AND SENIOR GIRLS WHO COULD NOT OTHERWISE AFFORD IT DUE TO FINANCIAL LIMITATIONS.

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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 $687,481

Program Service Revenue $0

Investment Income $1,027

Other Revenue $-34,008

TOTAL REVENUE $654,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,285

Fundraising Expenses $24,079

Program Expenses $152,661

Other Expenses $116,746

TOTAL EXPENSES $194,031

Year-over-Year Comparison

	2022	2021	Change
Revenue	$654,500	$179,558	+2.6%
Expenses	$194,031	$138,593	+0.4%
Net Income	$460,469	$40,965	+10.2%

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

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

$48,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYNNE COLETTI	FOUNDER AND BOARD EMERITUS	2.00	Director	$0	$0	$0
ROBERT COLETTI	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY JOSEPH	BOARD MEMBER	2.00	Director	$0	$0	$0
SCOTT FARMER	BOARD MEMBER	2.00	Director	$0	$0	$0
NATALIE JONES	CHAIR	2.00	Officer Director	$0	$0	$0
SARAH EVANS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT C LESAN III	TREASURER	2.00	Officer Director	$0	$0	$0
MEGHAN BRODERICK	SECRETARY	2.00	Officer Director	$0	$0	$0
AMANDA BENTLEY FESSLER	IMMEDIATE PAST BOARD CHAIR	2.00	Director	$0	$0	$0
AMY CAMPBELL	BOARD MEMBER	2.00	Director	$0	$0	$0
MISSY HENDON DETERS	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA GROTE	BOARD MEMBER	2.00	Director	$0	$0	$0
ASHLEE WOOTEN	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER M FREY	BOARD MEMBER	2.00	Director	$0	$0	$0
LANCE MALL	BOARD MEMBER, FINANCE COMM	2.00	Director	$0	$0	$0
MEGAN STACEY	BOARD MEMBER	2.00	Director	$0	$0	$0
KATHY MCDONALD	EXECUTIVE DIRECTOR	40.00	Officer	$48,703	$0	$48,703

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	No data	No data	No data	No data
2022	$654,500	$194,031	$589,523	$460,469

KENZIE'S CLOSET