THE CAREER WARDROBE (EIN 232900156) - 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

1995

Legal Domicile

Principal Officer

ALLISON WILK

Phone

2155686693

Tax Period

2024-07-01 to 2025-06-30

THE CAREER WARDROBE, founded in 1995, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HIGH-QUALITY CLOTHING TO THOSE EXPERIENCING CLOTHING INSECURITY IN A RESPECTFUL MANNER, AIDING THEIR STABILITY AND FINANCIAL INDEPENDENCE. BY COMBINING CLOTHING WITH EDUCATIONAL AND COACHING OPPORTUNITIES, WE HELP INDIVIDUALS ADVANCE IN THEIR CAREERS AND CONTINUE ON THEIR PATH TO FINANCIAL INDEPENDENCE. THE PROGRAM OPERATES SIX LOCATIONS ACROSS PHILADELPHIA, DELAWARE, MONTGOMERY, AND CHESTER COUNTIES. FOR THOSE UNABLE TO VISIT A SITE, WE OFFER THE WARDROBE BOX, A FREE, PERSONALLY STYLED CLOTHING BOX MAILED DIRECTLY TO THEIR HOME, ENSURING ACCESSIBILITY FOR ALL PARTICIPANTS.

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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 $2,445,047

Program Service Revenue $572,609

Investment Income $13,050

Other Revenue $-2,944

TOTAL REVENUE $3,027,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,492,473

Fundraising Expenses $319,726

Program Expenses $2,662,627

Other Expenses $1,631,704

TOTAL EXPENSES $3,124,177

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,027,762	$3,082,614	0.0%
Expenses	$3,124,177	$2,907,917	+0.1%
Net Income	$-96,415	$174,697	-1.6%

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

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

$150,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERI COLE	EXECUTIVE DI	40.00	Officer	$146,475	$4,385	$150,860
ERIN ALLSMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET BATTLES	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE BENDER	DIRECTOR	1.00	Director	$0	$0	$0
JANET BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA JOY ERB	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN GADDES	DIRECTOR	1.00	Director	$0	$0	$0
TOYA LAWSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN LIPSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
NINA MARKEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER OTTEN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MICKI PRESSMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
JESSICA RENNARD	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY RICH	DIRECTOR	1.00	Director	$0	$0	$0
PRIYA SHETH	DIRECTOR	1.00	Director	$0	$0	$0
LAURA TRAIKOV	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON WILK	TREASURER	5.00	Officer 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
2025	$3,027,762	$3,124,177	$2,167,784	$-96,415
2024	$3,082,614	$2,907,917	$1,159,673	$174,697
2023	$2,476,701	$2,567,308	$922,463	$-90,607
2022	$2,593,873	$2,277,853	$1,204,716	$316,020
2021	$3,042,511	$2,861,967	$683,748	$180,544
2020	$2,423,823	$2,426,981	$590,799	$-3,158
2019	$2,499,115	$2,519,339	$315,257	$-20,224
2018	$2,686,731	$2,663,979	$334,659	$22,752

THE CAREER WARDROBE