Teen Closet (EIN 273756238) - 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

Tax Period

2024-11-01 to 2025-10-31

Teen Closet is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

Free Clothing for At-Risk Youth

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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 $1,192,468

Program Service Revenue $0

Investment Income $14,567

Other Revenue $113,833

TOTAL REVENUE $1,320,868

Expense Breakdown

Grants Paid $1,133,007

Salaries & Benefits $939

Fundraising Expenses $0

Program Expenses $1,133,007

Other Expenses $191,512

TOTAL EXPENSES $1,325,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,320,868	$1,060,939	+0.2%
Expenses	$1,325,458	$966,932	+0.4%
Net Income	$-4,590	$94,007	-1.0%

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

N/A

Employees

Volunteers

N/A

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
Sean Grubb	Board President	15.00	Director	$0	$0	$0
Robyn Nance-Griep	Director	15.00	Director	$0	$0	$0
Linda Rogers	Director	10.00	Director	$0	$0	$0
Anthony Givens	Director	5.00	Director	$0	$0	$0
Andy Barth	Director	5.00	Director	$0	$0	$0
Brandon Kerr	Director	5.00	Director	$0	$0	$0
Julie Holland	Director	5.00	Director	$0	$0	$0
Stacy Pincock	Director	10.00	Director	$0	$0	$0
Kari Knudsen-Stover	Director	5.00	Director	$0	$0	$0
Deandra Cloy	Director	5.00	Director	$0	$0	$0
Sara D'Hulst	Director	5.00	Director	$0	$0	$0
Jason Lang	Director	2.00	Director	$0	$0	$0
Kyndra Gamache	Director	5.00	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
2025	$1,320,868	$1,325,458	$492,152	$-4,590
2024	$1,060,939	$966,932	$496,742	$94,007
2023	$666,112	$651,141	$402,735	$14,971
2022	$319,778	$298,060	$387,764	$21,718
2021	$392,470	$233,152	$366,046	$159,318

Teen Closet