Jackets for Jobs Inc

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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

2000

Legal Domicile

Phone

3135799160

Tax Period

2024-01-01 to 2024-12-31

Jackets for Jobs Inc, founded in 2000, is a small nonprofit in the Employment sector that reported $967K in total revenue in fiscal year 2024.

Mission

In 2024, Jackets for Jobs proudly served 1,200 Detroit-area job seekers through professional attire, job readiness training, and confidence-building initiatives. Our mission is to help individuals transition from hope to hire through tangible support and transformative experienc

Program Service Accomplishments

Program 1

Expenses: $905,818

Prom & Homecoming Dress Giveaways: We distributed dresses to 776 high school girls across six countiesmany from underserved backgrounds. These giveaways helped build confidence, dignity, and...

Prom & Homecoming Dress Giveaways: We distributed dresses to 776 high school girls across six countiesmany from underserved backgrounds. These giveaways helped build confidence, dignity, and community belonging. Employment Development: Our core services reached over 1,200 clients with job readiness workshops, image consulting, and professional attire. Mama Betty Henderson, our image consultant and community icon, continued to lead employment training for government assistance clients and returning citizens.

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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 $966,689

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $966,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,661

Fundraising Expenses $0

Program Expenses $905,818

Other Expenses $741,687

TOTAL EXPENSES $1,012,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$966,689	$989,963	0.0%
Expenses	$1,012,348	$943,417	+0.1%
Net Income	$-45,659	$46,546	-2.0%

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

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
LaTonya McLemore	Board Member	2.00	Director	$0	$0	$0
Carol Wade	Treasurer	2.00	Officer Director	$0	$0	$0
Betty Henderson	Vice President	40.00	Officer Director	$0	$0	$0
Fredrica Crowe	Secretary	2.00	Officer Director	$0	$0	$0
Alison Vaughn	CEOPresident	40.00	Officer	$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	$966,689	$1,012,348	$66,716	$-45,659
2023	$989,963	$943,417	$139,295	$46,546
2022	$507,247	$478,321	$79,917	$28,926
2021	$485,689	$501,492	$23,766	$-15,803
2021	$483,284	$516,413	$53,690	$-33,129
2021	$483,284	$516,413	$53,690	$-33,129
2020	$465,305	$517,378	$99,677	$-52,073
2020	$465,305	$517,378	$99,677	$-52,073
2020	$465,305	$517,378	$99,677	$-52,073
2019	$815,234	$808,682	$75,166	$6,552
2019	$815,234	$808,682	$75,166	$6,552
2018	$1,026,561	$1,024,396	$65,069	$2,165