My Sisters Closet of Monroe County (EIN 352050048) - 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

Phone

8123329295

Tax Period

2023-01-01 to 2023-12-31

My Sisters Closet of Monroe County, founded in 1998, is a small nonprofit in the Human Services sector that reported $412K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $355K left a modest 14% surplus.

Mission

Established to build a stronger community and promote economic self-sufficiency. My Sisters Closet provides women in poverty with professional support services and career development tools for success.

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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 $9,526

Program Service Revenue $0

Investment Income $0

Other Revenue $402,708

TOTAL REVENUE $412,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,441

Fundraising Expenses $34,159

Program Expenses $279,958

Other Expenses $140,744

TOTAL EXPENSES $355,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$412,234	$346,837	+0.2%
Expenses	$355,185	$310,036	+0.1%
Net Income	$57,049	$36,801	+0.6%

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

446

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

$97,221

Total Directors

$97,221

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sandy Keller	Executive Dir.	40.00	Officer Director	$41,867	$0	$41,867
Erin McAlister	Operations Dir	40.00	Officer Director	$40,603	$0	$40,603
Angela Apicella	Marketing Dir	15.00	Officer Director	$14,751	$0	$14,751
Maryanne Pelic	President	10.00	Officer Director	$0	$0	$0
Diane Daily	Board Member	2.00	Director	$0	$0	$0
Kristi Mahome	Treasurer	2.00	Officer Director	$0	$0	$0
Jane Matranga	Board Member	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	$412,234	$355,185	$282,902	$57,049
2022	$346,837	$310,036	$201,854	$36,801
2021	$290,155	$197,411	$163,588	$92,744
2019	$239,484	$195,923	$128,997	$43,561
2018	$221,913	$181,909	$74,219	$40,004

My Sisters Closet of Monroe County