DRESS FOR SUCCESS CLEVELAND (EIN 341872331) - 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

1998

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

DRESS FOR SUCCESS CLEVELAND, founded in 1998, is a small nonprofit in the Employment sector that reported $230K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 17% operating deficit.

Mission

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

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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 $216,343

Program Service Revenue $19,015

Investment Income $3,146

Other Revenue $-8,936

TOTAL REVENUE $229,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,491

Fundraising Expenses $0

Program Expenses $207,587

Other Expenses $94,664

TOTAL EXPENSES $268,155

Year-over-Year Comparison

	2023	2022	Change
Revenue	$229,568	$372,502	-0.4%
Expenses	$268,155	$373,371	-0.3%
Net Income	$-38,587	$-869	+43.4%

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

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

$83,084

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELONY BUTLER	CEO	40.00	Officer	$83,084	$0	$83,084
MATTIE JONES-HOLLOWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA PASSERALLO	BOARD MEMBER	1.00	Director	$0	$0	$0
SEV DE WAGHENEIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH FANGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PERVO	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY ROTHENBERG - JAMES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN MINOTAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON TOMSHO	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA EISENBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
LACHELLE DRAKEFORD	SECRETARY	1.00	Director	$0	$0	$0
MICHAEL PLATT	AUXILIARY MEMBER	1.00	Director	$0	$0	$0
ELAINE MCMICHAEL	VICE CHAIR	1.00	Director	$0	$0	$0
ANITA JONES	AUXILIARY MEMBER	1.00	Director	$0	$0	$0
TRACI STAHL	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY REYNOLDS	AUXILIARY MEMBER	1.00	Director	$0	$0	$0
MEGHAN WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLEY SPATES	TREASURER	1.00	Officer Director	$0	$0	$0
CARRIE MORSE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DIAMOND ADAMS	CHAIR AS OF FEB 2023	1.00	Officer Director	$0	$0	$0
VALERIE KOVACS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
CAMILLE DAVIS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
CALVINIA FIELDS	CHAIR UNTIL FEB 2023	1.00	Officer 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	$229,568	$268,155	$171,221	$-38,587
2022	$372,502	$373,371	$207,605	$-869
2021	$459,328	$345,200	$195,805	$114,128
2020	$204,448	$248,220	$113,912	$-43,772
2019	$478,383	$467,092	$125,984	$11,291
2018	$529,734	$504,594	$106,332	$25,140

DRESS FOR SUCCESS CLEVELAND