DRESS FOR SUCCESS NORTHERN NJ-10 COUNTIES INC (EIN 223661183) - 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

1999

Legal Domicile

Principal Officer

LORAIMY KENDALL

Phone

9738223188

Tax Period

2024-01-01 to 2024-12-31

DRESS FOR SUCCESS NORTHERN NJ-10 COUNTIES INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $720K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

The mission of Dress for Success is to help unemployed and underemployed women achieve economic independence by providing no-fee programs, development tools and professional attire to 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 (2024)

Revenue Breakdown

Contributions & Grants $660,291

Program Service Revenue $13,284

Investment Income $381

Other Revenue $46,444

TOTAL REVENUE $720,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,962

Fundraising Expenses $24,647

Program Expenses $711,129

Other Expenses $664,378

TOTAL EXPENSES $775,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,400	$529,177	+0.4%
Expenses	$775,340	$505,620	+0.5%
Net Income	$-54,940	$23,557	-3.3%

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

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
FELICIA BOURKE	Member	2.00	Director	$0	$0	$0
KAITLYN RAMSEN	Member	2.00	Director	$0	$0	$0
SUZANNE O' CONNELL	Secretary	2.00	Officer Director	$0	$0	$0
DEBBIE GODFREY	Member	2.00	Director	$0	$0	$0
LORA BOLTNIEW	Vice President	2.00	Officer Director	$0	$0	$0
MARIA DIAZ	President	2.00	Officer Director	$0	$0	$0
LATAYNA BENNETT	Member	2.00	Director	$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	$720,400	$775,340	$576,122	$-54,940
2023	$529,177	$505,620	$684,526	$23,557
2022	$525,969	$358,048	$618,065	$167,921
2021	$325,166	$402,536	$485,157	$-77,370
2020	$364,257	$347,432	$563,229	$16,825
2019	$478,652	$431,230	$532,220	$47,422
2018	$532,447	$451,279	$489,538	$81,168

DRESS FOR SUCCESS NORTHERN NJ-10 COUNTIES INC