SUITED TO SUCCEED INC

EIN: 311598027 501(c)(3) Employment

Baltimore, MD

Total Revenue
$51,867
Total Expenses
$105,165
Total Assets
$64,653
Net Assets
$64,653
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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
1998
Legal Domicile
MD
Principal Officer
EVELYN GAINES
Phone
4105281799
Tax Period
2024-01-01 to 2024-12-31

SUITED TO SUCCEED INC, founded in 1998, is a micro nonprofit in the Employment sector that reported $52K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 103% operating deficit.

Mission

The mission of Suited to Succeed is to empower Baltimore area women in their efforts to transition from training programs and unemployment to self-sufficiency by providing free professional clothing and workshops.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,109
Program Service Revenue $12,758
Investment Income $0
Other Revenue $0
TOTAL REVENUE $51,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,769
Fundraising Expenses $11,560
Program Expenses $68,151
Other Expenses $68,396
TOTAL EXPENSES $105,165

Year-over-Year Comparison

2024 2023 Change
Revenue $51,867 $88,212 -0.4%
Expenses $105,165 $45,145 +1.3%
Net Income $-53,298 $43,067 -2.2%
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

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Governance

Voting Members
14
Independent Members
13
Employees
2
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
1
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN GAINES CHAIR 015.00
Officer Director
$0 $0 $0
CAROLYN MOZELL VICE CHAIR 005.00
Director
$0 $0 $0
DENISE MERSINGER SECRETARY 005.00
Director
$0 $0 $0
CARLA MCCADDEN TREASURER 010.00
Director
$0 $0 $0
CERETA SPENCER VICE CHAIR 002.00
Director
$0 $0 $0
ANGELA BYRD BOARD MEMBER 002.00
Director
$0 $0 $0
MICHELE HART WHEATON BOARD MEMBER 002.00
Director
$0 $0 $0
NICOLE BERTRAND BOARD MEMBER 002.00
Director
$0 $0 $0
MAC KENZIE GARVIN BOARD MEMBER 002.00
Director
$0 $0 $0
CATALINA PRETTYMAN BOARD MEMBER 002.00
Director
$0 $0 $0
DAWN HARRELL BOARD MEMBER 002.00
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 $51,867 $105,165 $64,653 $-53,298
2023 $88,212 $45,145 $115,379 $43,067
2022 $73,159 $40,835 $78,987 $32,324
2021 $35,770 $36,772 $46,663 $-1,002
2020 $33,177 $37,686 $43,430 $-4,509
2019 $81,268 $42,682 $43,704 $38,586
2018 $56,340 $67,904 $5,118 $-11,564
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