DRESS FOR SUCCESS ATLANTA INC (EIN 582295786) - 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

1997

Legal Domicile

Principal Officer

SUSAN BONDS

Phone

4045891177

Tax Period

2023-01-01 to 2023-12-31

DRESS FOR SUCCESS ATLANTA INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $446K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $609K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE MISSION OF DRESS FOR SUCCESS IS TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, AND THE 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 $602,965

Program Service Revenue $5,000

Investment Income $13,787

Other Revenue $-176,250

TOTAL REVENUE $445,502

Expense Breakdown

Grants Paid $28,185

Salaries & Benefits $353,607

Fundraising Expenses $84,811

Program Expenses $486,301

Other Expenses $227,036

TOTAL EXPENSES $608,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$445,502	$720,787	-0.4%
Expenses	$608,828	$451,360	+0.3%
Net Income	$-163,326	$269,427	-1.6%

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

150

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

$148,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY FARLEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
JENNIFER LOPETT	TREASURER	3.00	Officer Director	$0	$0	$0
NJERI NGINYO	SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTI RAMSAY	FORMER PRESIDENT	4.00	Officer Director	$0	$0	$0
ALEXIS SPADE	FORMER VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MYRA MCELHANEY	FORMER SECRETARY	2.00	Officer Director	$0	$0	$0
VERNICE ARMOUR	DIRECTOR	1.00	Director	$0	$0	$0
TANESHA BOLDIN	DIRECTOR	1.00	Director	$0	$0	$0
JUNE CARLOSN-PLATZ	DIRECTOR	1.00	Director	$0	$0	$0
TED DONLEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIAN GOLDBERG	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA MOLINA	DIRECTOR	1.00	Director	$0	$0	$0
TINA REESE	DIRECTOR	1.00	Director	$0	$0	$0
THU SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX TERTICHNY	DIRECTOR	1.00	Director	$0	$0	$0
BURGETTE WHITE	DIRECTOR	1.00	Director	$0	$0	$0
MALIKA WILKINS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN BONDS	EXECUTIVE DIRECTOR	40.00	Officer	$148,120	$0	$148,120

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	$445,502	$608,828	$1,441,478	$-163,326
2022	$720,787	$451,360	$1,032,052	$269,427
2021	$538,417	$313,013	$702,602	$225,404
2020	$374,095	$280,976	$462,451	$93,119
2019	$463,454	$325,624	$348,028	$137,830
2018	$254,268	$269,633	$182,148	$-15,365

DRESS FOR SUCCESS ATLANTA INC