DRESS FOR SUCCESS TRIANGLE NC

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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

2008

Legal Domicile

Principal Officer

STEPHANIE BASS

Phone

9192862128

Tax Period

2024-01-01 to 2024-12-31

DRESS FOR SUCCESS TRIANGLE NC, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 5% surplus.

Mission

EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, AND DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND LIFE.

Program Service Accomplishments

Program 1

Expenses: $1,154,342

CAREER AND IMAGE COACHING: INDIVIDUAL SESSIONS WHERE TRAINED CAREER COACHES HELP CLIENTS WITH RESUMES, COVER LETTERS, INTERVIEW PREP, NAVIGATING JOB SEARCH STRATEGY, ASSESSING TRANSFERABLE SKILLS...

CAREER AND IMAGE COACHING: INDIVIDUAL SESSIONS WHERE TRAINED CAREER COACHES HELP CLIENTS WITH RESUMES, COVER LETTERS, INTERVIEW PREP, NAVIGATING JOB SEARCH STRATEGY, ASSESSING TRANSFERABLE SKILLS; IMAGE COACHES AID WITH SELECTING PROFESSIONAL ATTIRE, SHOES, ACCESSORIES, FOR CLIENT'S INTERVIEW AND ONCE THEY ARE HIRED. IN 2024 WE PROVIDED 764 CAREER COACHING AND 720 IMAGE COACHING SESSIONS. GOING PLACE NETWORK (JOB ACQUISITION/JOB READINESS) A COHORT-BASED PROGRAM WITH WEEKLY SESSIONS OFFERING TRAINING, ONE-ON-ONE CAREER COACHING, NETWORKING, MOCK INTERVIEWS, ASSESSMENTS, AND COMMUNITY SUPPORT. IN 2024, THERE WERE 104 GRADUATES OF GPN. MOBILE BOUTIQUE/ "SUITING" SERVICES: TWO MOBILE BOUTIQUES THAT TRAVEL TO HIGH SCHOOLS, COLLEGES, AND COMMUNITY EVENTS, WHERE WOMEN CAN RECEIVE FREE PROFESSIONAL CLOTHING FOR INTERVIEWS OR EMPLOYMENT. ONE FOCUSES ON THE TRIANGLE AREA OF NC; THE OTHER IS LOCATED IN EASTERN NC. IN 2024, 2,211 CLIENTS VISITED ONE OF OUR MOBILE BOUTIQUES.

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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 $1,746,432

Program Service Revenue $0

Investment Income $27,400

Other Revenue $-132,323

TOTAL REVENUE $1,641,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,179

Fundraising Expenses $83,710

Program Expenses $1,154,342

Other Expenses $801,479

TOTAL EXPENSES $1,558,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,641,509	$1,543,132	+0.1%
Expenses	$1,558,658	$1,417,163	+0.1%
Net Income	$82,851	$125,969	-0.3%

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

1285

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

$123,799

Total Directors