SUSIE'S CLOSET (EIN 751510580) - 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

1976

Legal Domicile

Principal Officer

CHRISTINA LOPER

Phone

8063688225

Tax Period

2023-07-01 to 2024-06-30

SUSIE'S CLOSET, founded in 1976, is a micro nonprofit in the Mental Health sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 110% operating deficit.

Mission

TO ACTIVELY SERVE THOSE IN OUR AREA WHO STRUGGLE TO MAKE ENDS MEET THROUGH PROVIDING THEM WITH DAILY NECESSITIES SUCH AS BLESSINGS OF FOOD, CLOTHING AND UTILITY ASSISTANCE.

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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 $7,457

Program Service Revenue $0

Investment Income $0

Other Revenue $14,559

TOTAL REVENUE $22,016

Expense Breakdown

Grants Paid $7,592

Salaries & Benefits $24,170

Fundraising Expenses $0

Program Expenses $46,183

Other Expenses $14,421

TOTAL EXPENSES $46,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,016	$56,971	-0.6%
Expenses	$46,183	$75,048	-0.4%
Net Income	$-24,167	$-18,077	+0.3%

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

$23,110

Total Directors

$23,110

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY HAGLER	PRESIDENT	5.00	Officer Director	$0	$0	$9,423
ROBIN CORNWELL	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
CHRISTINA LOPER	SEC/TREAS	10.00	Officer Director	$0	$0	$13,687
LISA LAWLER	DIRECTOR	2.00	Director	$0	$0	$0
DONNA WEBB	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$22,016	$46,183	$49,387	$-24,167
2023	$56,971	$75,048	$75,301	$-18,077
2022	$37,351	$57,085	$95,547	$-19,734
2021	$88,578	$44,346	$114,731	$44,232
2020	$62,969	$37,670	$64,180	$25,299

SUSIE'S CLOSET