SAVE A SUIT (EIN 270863507) - 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

2011

Legal Domicile

Principal Officer

ALEX CARRERA

Phone

2034566801

Tax Period

2023-01-01 to 2023-12-31

SAVE A SUIT, founded in 2011, is a small nonprofit in the Employment sector that reported $437K in total revenue in fiscal year 2023. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 20% operating margin.

Mission

Provide former military and college graduates with professional business attire and the confidence needed to succeed.

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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 $619,108

Program Service Revenue $0

Investment Income $0

Other Revenue $-181,699

TOTAL REVENUE $437,409

Expense Breakdown

Grants Paid $69,600

Salaries & Benefits $35,790

Fundraising Expenses $0

Program Expenses $325,756

Other Expenses $245,052

TOTAL EXPENSES $350,442

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,409	$209,794	+1.1%
Expenses	$350,442	$219,479	+0.6%
Net Income	$86,967	$-9,685	-10.0%

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

$35,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alexis Carrera	Executive Dir.	40.00	Officer	$35,000	$0	$35,000
SCOTT SOKOLOWSKI	Chairman	2.00	Officer Director	$0	$0	$0
CARL BERMAN	Treasurer	2.00	Officer Director	$0	$0	$0
Jeanette Allam	Secretary	2.00	Officer Director	$0	$0	$0
Troy Bree	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	$437,409	$350,442	$389,124	$86,967
2022	$209,794	$219,479	$292,169	$-9,685
2021	$631,737	$531,369	$324,769	$100,368
2020	$106,835	$232,518	$160,700	$-125,683
2019	$106,010	$211,886	$201,714	$-105,876
2019	$128,110	$233,986	$201,714	$-105,876
2018	$220,191	$319,655	$307,154	$-99,464

SAVE A SUIT