WARDROBE FOR OPPORTUNITY (EIN 680369734) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

HANNAH QUAN

Phone

5104634100

Tax Period

2019-01-01 to 2019-12-31

WARDROBE FOR OPPORTUNITY, founded in 1995, is a small nonprofit that reported $632K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

WARDROBE FOR OPPORTUNITY WORKS TO SEE POVERTY END THROUGH CAREER DEVELOPMENT BY ENSURING THAT LOW-INCOME PROFESSIONALS HAVE ALL THE TOOLS THEY NEED, BOTH INTERNAL AND EXTERNAL TO BUILD CAREERS. THE PROFESSIONAL ATTIRE INSPIRES CONFIDENCE, WHILE INTRODUCTIONS TO MAJOR COMPANIES PROVIDE ACCESS, AND OUR INTENSIVE CERTIFICATE COURSES PROVIDE THE ABILITY TO TRANSLATE ONE'S COMPETITIVE SKILLS INTO BOLD CAREER MOVES AND FINANCIAL SUCCESS. WFO WORKS TO GIVE EVERY CLIENT THE TOOLS THAT CAN LEAD THEM OUT OF POVERTY FOR GOOD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $521,498

Program Service Revenue $64,707

Investment Income $5

Other Revenue $45,571

TOTAL REVENUE $631,781

Expense Breakdown

Grants Paid $234,675

Salaries & Benefits $199,787

Fundraising Expenses $28,004

Program Expenses $555,924

Other Expenses $222,129

TOTAL EXPENSES $656,591

Year-over-Year Comparison

	2019	2018	Change
Revenue	$631,781	$584,207	+0.1%
Expenses	$656,591	$652,814	+0.0%
Net Income	$-24,810	$-68,607	-0.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

573

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

$87,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ARMSTRONG	PRESIDENT	3.00	Officer Director	$0	$0	$0
MOIRE RASMUSSEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
NATE THOMAS	TREASURER	3.00	Officer Director	$0	$0	$0
VERA PACKARD	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
MAHOGANY CHARLTON	EXECUTIVE DIRECTOR	2.00	Director	$87,054	$0	$87,054
BURNITTA NANTON	MEMBER	2.00	Director	$0	$0	$0
ESTHER RAYLE	MEMBER	2.00	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
2019	$631,781	$656,591	$273,790	$-24,810
2018	$584,207	$652,814	$318,520	$-68,607

WARDROBE FOR OPPORTUNITY