DRESS FOR SUCCESS WORCESTER INC

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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

CLAIRE ESTEN

Phone

5087965660

Tax Period

2023-07-01 to 2024-06-30

DRESS FOR SUCCESS WORCESTER INC, founded in 2008, is a small nonprofit in the Employment sector that reported $284K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $267K left a modest 6% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $192,825 Revenue: $4,995

THE SUITING AND CAREER COACH PROGRAM PROVIDES INTERVIEW SUITS AND CAREER WEAR FOR WOMEN WHO ARE SEEKING EMPLOYMENT OR STARTING A NEW JOB.

Program 2

Expenses: $28,813 Revenue: $64,562

THE I AM SUCCESSFUL 10-WEEK PROGRAM IMPACTED WOMEN BY HELPING THEM GAIN PROFESSIONAL SKILLS, ACCELERATE THEIR JOB SEARCH AND BUILD CONFIDENCE THROUGH WEEKLY TRAINING SESSIONS, CAREER COACHING AND...

THE I AM SUCCESSFUL 10-WEEK PROGRAM IMPACTED WOMEN BY HELPING THEM GAIN PROFESSIONAL SKILLS, ACCELERATE THEIR JOB SEARCH AND BUILD CONFIDENCE THROUGH WEEKLY TRAINING SESSIONS, CAREER COACHING AND NETWORKING IN A SUPPORTIVE ENVIRONMENT.

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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 $178,272

Program Service Revenue $69,557

Investment Income $0

Other Revenue $36,548

TOTAL REVENUE $284,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,657

Fundraising Expenses $24,981

Program Expenses $221,638

Other Expenses $92,891

TOTAL EXPENSES $266,548

Year-over-Year Comparison

	2023	2022	Change
Revenue	$284,377	$237,302	+0.2%
Expenses	$266,548	$240,317	+0.1%
Net Income	$17,829	$-3,015	-6.9%

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

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

$80,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BUJENVICIE	SECRETARY	0.50	Officer Director	$0	$0	$0
CLAIRE ESTEN	TREASURER	1.00	Officer Director	$0	$0	$0
KRYSTYNA DOUGERT	DIRECTOR	0.50	Director	$0	$0	$0
MAUD DENTICO	DIRECTOR	0.50	Director	$0	$0	$0
MARTHA WELSH	PRESIDENT	3.00	Officer Director	$0	$0	$0
JILL MOTYKA	DIRECTOR	0.50	Director	$0	$0	$0
LISA COHEN	DIRECTOR	0.50	Director	$0	$0	$0
GINA NABOKIN	DIRECTOR	0.50	Director	$0	$0	$0
KATE LOTTI	DIRECTOR	0.50	Director	$0	$0	$0
SEAN HARRIS	DIRECTOR	0.50	Director	$0	$0	$0
JUSTINA LACHAPELLE	EXECUTIVE DIRECTOR	40.00	Officer	$80,604	$0	$80,604

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	No data	No data	No data	No data
2024	$284,377	$266,548	$224,930	$17,829
2023	$237,302	$240,317	$255,299	$-3,015
2022	$209,917	$248,905	$80,119	$-38,988
2021	$276,136	$220,247	$145,822	$55,889