Philadelphia, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
Through our education and apparel programs, Wings for Success helps prepare and guide women in the ALICE(Asset Limited, Income Constrained, Employed) bracket to continue achieving success in their professional journey and as a result build financial stability, rise above poverty, and build strong families.
Wings for Success was formed in 1997 by a community of women who recognized that not having work-appropriate attire was a barrier to finding a job. In addition to serving the unemployed, Wings for...
Wings for Success was formed in 1997 by a community of women who recognized that not having work-appropriate attire was a barrier to finding a job. In addition to serving the unemployed, Wings for Success provides clothing for the under-employed/working-poor, and workshops that equip women with skills to maintain long-term employment or advance their careers. Equipping over 1,000 women a year, we embrace the differences of the the women we serve and seek to empower them regardless of age, race, religion physical abilities, economic status, gender identity, sexual preference, citizenship status, political affiliation, or other difference. Our actions are guided by a strategic plan that is consistent with our mission: to empower women in need to pursue employment and economic security through apparel, advice and advocacy. All decisions are made with ongoing commitment to the highest principles and practices of strong non-profit management and governance as demonstrated by fulfilling the requirements of the standards administered by the Pennsylvania Association of Nonprofit Organizations.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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