Wings for Success Inc (EIN 232951962) - 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

1998

Legal Domicile

Principal Officer

Sheri Cole

Phone

2155686693

Tax Period

2023-01-01 to 2023-12-31

Wings for Success Inc, founded in 1998, is a small nonprofit in the Human Services sector that reported $554K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $669K exceeded revenue, resulting in a 21% operating deficit.

Mission

Prepare and guide women in the Alice (Asset Limited, Income Constrained,Employed) Bracket to continue achieving professional success.

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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 $503,680

Program Service Revenue $38,719

Investment Income $2,443

Other Revenue $8,991

TOTAL REVENUE $553,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,551

Fundraising Expenses $49,841

Program Expenses $583,914

Other Expenses $454,490

TOTAL EXPENSES $669,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$553,833	$470,282	+0.2%
Expenses	$669,041	$521,073	+0.3%
Net Income	$-115,208	$-50,791	+1.3%

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

100

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

$84,230

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pat Foell	President	4.00	Officer Director	$0	$0	$0
Suzanne Umile	Treasurer	4.00	Officer Director	$0	$0	$0
Janet Gervais	Director	4.00	Director	$0	$0	$0
Bonnie Carr Long	Director	4.00	Director	$0	$0	$0
Daniel Murphy	Director	4.00	Director	$0	$0	$0
Ashley Stitzer	Director	4.00	Director	$0	$0	$0
Iris Melendez	Director	4.00	Director	$0	$0	$0
Susan Whitfield	Director	4.00	Director	$0	$0	$0
Jill Laufenberg	Executive Director	40.00	Key Emp	$84,230	$0	$84,230

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
2023	$553,833	$669,041	$275,474	$-115,208
2022	$470,282	$521,073	$299,723	$-50,791
2021	$616,648	$544,193	$359,360	$72,455
2020	$336,280	$308,882	$338,532	$27,398
2019	$347,685	$375,386	$266,701	$-27,701
2018	$376,845	$314,305	$293,490	$62,540

Wings for Success Inc