Our Sisters Closet Inc (EIN 384046494) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

Terri Kearns

Phone

2514232001

Tax Period

2024-01-01 to 2024-12-31

Our Sisters Closet Inc, founded in 2017, is a micro nonprofit in the Human Services sector that reported $84K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $19K, a strong 23% operating margin.

Mission

The mission of the organization is to increase self-confidence and job opportunities of disadvantaged women who are job seeking by providing free interview and workplace clothing, and job search support and career advancement training to women, men and teens.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,368

Program Service Revenue $0

Investment Income $6

Other Revenue $74,746

TOTAL REVENUE $114,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,896

Fundraising Expenses $0

Program Expenses $43,517

Other Expenses $20,361

TOTAL EXPENSES $61,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,120	$98,550	+0.2%
Expenses	$61,257	$63,459	0.0%
Net Income	$52,863	$35,091	+0.5%

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

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

$38,142

Total Directors

$38,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terri Kearns	President	40.00	Officer Director	$36,000	$2,142	$38,142
Marcelle Namen	Vice President	1.00	Officer Director	$0	$0	$0
Sandi Clark	Treasurer	1.00	Officer Director	$0	$0	$0
Lynnie Sheridan	Secretary	1.00	Officer Director	$0	$0	$0
Kristin Snetsinger	Director	1.00	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	$114,120	$61,257	$290,988	$52,863
2023	$98,550	$63,459	$238,132	$35,091
2022	$82,625	$59,409	$203,050	$23,216
2021	$81,601	$54,862	$179,845	$26,739
2020	$57,291	$55,309	$161,127	$1,982
2019	$83,955	$64,464	$151,282	$19,491

Our Sisters Closet Inc