Dress for Success Charlotte

EIN: 562170625 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$1,054,309
Total Expenses
$962,112
Total Assets
$1,685,844
Net Assets
$1,671,982
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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
NC
Principal Officer
Emily Jensen Wheeler
Phone
7045257706
Tax Period
2024-01-01 to 2024-12-31

Dress for Success Charlotte, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $962K left a modest 9% surplus.

Mission

A womens advancement center, the mission of Dress for Success is to empower women to achieve economic independence by providing a network of support, professional attire and development tools to thrive in work and in life. Programs and services include job preparedness, including interview and workplace attire, job acquisition, employment retention and advancement, IT access, support and training, financial literacy, and mental and physical health and wellness.

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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 $570,129
Program Service Revenue $0
Investment Income $46,713
Other Revenue $437,467
TOTAL REVENUE $1,054,309

Expense Breakdown

Grants Paid $37,031
Salaries & Benefits $675,675
Fundraising Expenses $199,956
Program Expenses $465,388
Other Expenses $249,406
TOTAL EXPENSES $962,112

Year-over-Year Comparison

2024 2023 Change
Revenue $1,054,309 $785,150 +0.3%
Expenses $962,112 $685,768 +0.4%
Net Income $92,197 $99,382 -0.1%
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
12
Independent Members
12
Employees
9
Volunteers
612

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
7
$255,454
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry Barr O'Connor Executive Dir. 40.00
Officer
$127,500 $1,900 $129,400
Emily Wheeler Executive Dir. 50.00
Officer
$123,817 $2,237 $126,054
Wendi Boddy Imm. Past Chair 1.50
Officer Director
$0 $0 $0
Jessica Graham Chairman 1.50
Officer Director
$0 $0 $0
Sharai Lavoie Treasurer 1.50
Officer Director
$0 $0 $0
Samantha Melting Director 1.00
Director
$0 $0 $0
Jennifer Andrew Secretary 1.50
Officer Director
$0 $0 $0
Tanita Alexander Director 1.00
Director
$0 $0 $0
Brent Fatticci Director 1.00
Director
$0 $0 $0
Stephanie Richard Director 1.00
Director
$0 $0 $0
Dena Diorio Director 1.00
Director
$0 $0 $0
Clint Watson Director 1.00
Director
$0 $0 $0
Jessica Banias Director 1.00
Director
$0 $0 $0
Leah Maybry Vice Chair 1.50
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 $1,054,309 $962,112 $1,685,844 $92,197
2023 $785,150 $685,768 $1,626,199 $99,382
2022 $847,501 $542,191 $1,556,610 $305,310
2021 $707,135 $441,751 $1,190,354 $265,384
2020 $613,558 $423,216 $918,399 $190,342
2019 $626,883 $517,802 $729,157 $109,081
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