My Sisters Closet Inc (EIN 263241810) - 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

2014

Legal Domicile

Principal Officer

Anna M Stanfield

Phone

2022707174

Tax Period

2023-01-01 to 2023-12-31

My Sisters Closet Inc, founded in 2014, is a micro nonprofit in the Human Services sector that reported $16K in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $14K left a modest 11% surplus.

Mission

My Sisters Closet provides career coaching, professional development training and free professional clothing to women in need.

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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 $15,986

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $413

Program Expenses $12,803

Other Expenses $14,294

TOTAL EXPENSES $14,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,986	$21,441	-0.3%
Expenses	$14,294	$25,383	-0.4%
Net Income	$1,692	$-3,942	-1.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anna M Stanfield	Chairman/Founder	5.00	Officer Director	$0	$0	$0
Jody Mitchell	Director	2.00	Director	$0	$0	$0
Rosita Banks-Taylor	Treasurer	2.00	Director	$0	$0	$0
Rudo Maven	Director	2.00	Director	$0	$0	$0
Geralyn Goins	Director	2.00	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
2024	No data	No data	No data	No data
2023	$21,441	$25,383	$25,413	$-3,942
2023	$15,986	$14,294	$27,105	$1,692
2022	$28,257	$13,942	$29,355	$14,315
2021	$20,080	$15,332	$15,040	$4,748

My Sisters Closet Inc