Dress for Success Tampa Bay Inc (EIN 593542254) - 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

Principal Officer

Laurell Jones

Phone

8132591876

Tax Period

2024-01-01 to 2024-12-31

Dress for Success Tampa Bay Inc, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $263K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $355K exceeded revenue, resulting in a 35% operating deficit.

Mission

PROMOTE ECONOMIC INDEPENDENCE OF DISADVANTAGED WOMEN BY PROVIDING PROFESSIONAL ATTIRE, A NETWORK OF SUPPORT AND CAREER 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 (2024)

Revenue Breakdown

Contributions & Grants $158,753

Program Service Revenue $43,387

Investment Income $25

Other Revenue $60,982

TOTAL REVENUE $263,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $172,522

Fundraising Expenses $41,969

Program Expenses $261,374

Other Expenses $182,436

TOTAL EXPENSES $354,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,147	$433,360	-0.4%
Expenses	$354,958	$357,136	0.0%
Net Income	$-91,811	$76,224	-2.2%

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

105

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

$20,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lissette Parsons	Executive Dir.	40.00	Officer	$20,768	$0	$20,768
LaFern Kitt Batie	Director	6.00	Director	$0	$0	$0
Janice Carter Collier	Director	6.00	Director	$0	$0	$0
Stacy Duffield	Director	6.00	Director	$0	$0	$0
Susan Nieland	Treasurer	6.00	Director	$0	$0	$0
Sharon Gates	Director	6.00	Director	$0	$0	$0
Sarah Kodadek	Director	6.00	Director	$0	$0	$0
CJ Littrell	Director	6.00	Director	$0	$0	$0
Matt Maddux	Director	6.00	Director	$0	$0	$0
Karen McGinnis	Director	6.00	Director	$0	$0	$0
Rebecca Sanford	Director	6.00	Director	$0	$0	$0
Laurell Jones	President	6.00	Officer	$0	$0	$0
Judy Bensinger	Vice President	6.00	Officer	$0	$0	$0
Tanya Cielo	Secretary	6.00	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	$263,147	$354,958	$102,394	$-91,811
2023	$433,360	$357,136	$194,429	$76,224
2022	$616,834	$558,287	$111,330	$58,547
2021	$491,679	$508,484	$81,092	$-16,805
2020	$584,124	$554,316	$96,170	$29,808
2019	$388,888	$394,227	$39,780	$-5,339
2018	$361,460	$512,372	$45,119	$-150,912

Dress for Success Tampa Bay Inc