DRESS FOR SUCCESS TWIN CITIES

EIN: 800480295 501(c)(3) Employment

ST LOUIS PARK, MN

Total Revenue
$1,041,220
Total Expenses
$1,173,444
Total Assets
$913,226
Net Assets
$771,300
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MN
Principal Officer
STEPHANIE SILVERS
Phone
6516466000
Tax Period
2023-01-01 to 2023-12-31

DRESS FOR SUCCESS TWIN CITIES, founded in 2009, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.

Mission

DRESS FOR SUCCESS TWIN CITIES (DFSTC) IS EMPOWERING WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE AND THE DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND LIFE. OUR FEMALE-LED ORGANIZATION SUPPORTS DIVERSE, LOW-INCOME WOMEN AND GENDER-EXPANSIVE PEOPLE ACROSS THE TWIN CITIES REGION IN ACQUIRING THE SKILLS, CONNECTIONS AND RESOURCES NEEDED TO GAIN LONG-TERM, FAMILY-SUSTAINING EMPLOYMENT. SINCE OUR 2009 FOUNDING, WE HAVE LAUNCHED MORE THAN 12,000 UNEMPLOYED AND UNDEREMPLOYED WOMEN ON A PATH TOWARD SELF-SUFFICIENCY THROUGH INNOVATIVE WORKFORCE DEVELOPMENT PROGRAMMING. IN 2023 WE INTRODUCED AN EXCITING NEW HYBRID PROGRAMMING MODEL. THE MAJORITY OF DFSTC EMPLOYMENT READINESS TRAINING IS DELIVERED THROUGH SYNCHRONOUS AND ASYNCHRONOUS ONLINE COURSES THAT PROVIDE MAXIMUM FLEXIBILITY TO WOMEN. THESE ARE SUPPLEMENTED THROUGH A VARIETY OF OPPORTUNITIES FOR PARTICIPANTS TO CONNECT VIRTUALLY WITH STAFF, VOLUNTEER CAREER COACHES, AND PEERS.

Program Service Accomplishments

Program 1
Expenses: $218,861

EMPOWERU IS OUR EMPLOYMENT READINESS AND CAREER ADVANCEMENT TRAINING PROGRAM FOR UNEMPLOYED AND UNDEREMPLOYED WOMEN. THROUGH CLASSES AND COACHING, EMPOWERU PARTICIPANTS ACQUIRE THE SKILLS, BEHAVIORS...

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EMPOWERU IS OUR EMPLOYMENT READINESS AND CAREER ADVANCEMENT TRAINING PROGRAM FOR UNEMPLOYED AND UNDEREMPLOYED WOMEN. THROUGH CLASSES AND COACHING, EMPOWERU PARTICIPANTS ACQUIRE THE SKILLS, BEHAVIORS, AND GROWTH MINDSET NEEDED TO GAIN AND MAINTAIN FAMILY-SUSTAINING EMPLOYMENT. EMPOWERU SUPPORTS WOMEN IN OVERCOMING BARRIERS TO MEANINGFUL EMPLOYMENT AND EXPLORING PATHWAYS TO CAREER OPTIONS THAT SUIT THEIR SKILLS AND INTERESTS.

Program 2
Expenses: $447,264 Revenue: $-50,766

BUSINESS ATTIRE: THE BUSINESS ATTIRE PROGRAM PROVIDES A CLIENT WITH CONFIDENCE KITS THAT ARE CUSTOMIZED BASED ON PERSONAL PREFERENCE AND SIZING, INCLUDES CLOTHING, ACCESSORIES, AND HYGIENE PRODUCTS...

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BUSINESS ATTIRE: THE BUSINESS ATTIRE PROGRAM PROVIDES A CLIENT WITH CONFIDENCE KITS THAT ARE CUSTOMIZED BASED ON PERSONAL PREFERENCE AND SIZING, INCLUDES CLOTHING, ACCESSORIES, AND HYGIENE PRODUCTS SO A WOMAN CAN INTERVIEW OR BEGIN WORK CONFIDENTLY. THESE KITS ARE DELIVERED TO OUR CLIENTS TO REDUCE THE BARRIER OF TRANSPORTATION.

Program 3
Expenses: $190,522

CAREER CENTER: THE CAREER CENTER OFFERS INDIVIDUALIZED SERVICES AND RESOURCES THAT ARE VITAL FOR WOMEN ENTERING THE WORKFORCE OR ADVANCING IN HER CAREER. CONFIDENCE COACHES ARE AVAILABLE BY...

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CAREER CENTER: THE CAREER CENTER OFFERS INDIVIDUALIZED SERVICES AND RESOURCES THAT ARE VITAL FOR WOMEN ENTERING THE WORKFORCE OR ADVANCING IN HER CAREER. CONFIDENCE COACHES ARE AVAILABLE BY APPOINTMENT TO SERVE OUR CLIENTS ON A ONE-TO-ONE BASIS TO HELP THEM CREATE SUPERIOR RESUMES AND COVER LETTERS, PROVIDE CAREER COUNSELING, JOB SEARCH STRATEGIES, CONDUCT MOCK INTERVIEWS, AS WELL AS ASSIST WITH ACCESS TO OUR COMPUTER-BASED PROFESSIONAL SKILLS TRAINING COURSES. BY OFFERING THE RESOURCES AND SUPPORT NEEDED TO BUILD HER PROFESSIONAL SKILLS, WE GIVE OUR CLIENTS A COMPETITIVE EDGE WHEN SEARCHING FOR NEW EMPLOYMENT OR VYING FOR A PROMOTION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,102,697
Program Service Revenue $0
Investment Income $0
Other Revenue $-61,477
TOTAL REVENUE $1,041,220

Expense Breakdown

Grants Paid $321,602
Salaries & Benefits $541,690
Fundraising Expenses $179,828
Program Expenses $856,647
Other Expenses $274,049
TOTAL EXPENSES $1,173,444

Year-over-Year Comparison

2023 2022 Change
Revenue $1,041,220 $996,849 +0.0%
Expenses $1,173,444 $782,158 +0.5%
Net Income $-132,224 $214,691 -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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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
368

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
4
$106,970
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOWEYA BROWN-OCHS CHAIR 5.00
Officer Director
$0 $0 $0
KATE SIEGRIST TREASURER 3.00
Officer Director
$0 $0 $0
LYNNE BARTEN SECRETARY 2.00
Officer Director
$0 $0 $0
HEATHER CMIEL BOARD MEMBER 2.00
Director
$0 $0 $0
AJ PASHA BOARD MEMBER 2.00
Director
$0 $0 $0
ASHLEY PATTAIN BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHANIE SILVERS EXECUTIVE DIRECTOR 40.00
Officer
$100,147 $6,823 $106,970
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 $1,041,220 $1,173,444 $913,226 $-132,224
2022 $996,849 $782,158 $974,826 $214,691
2021 $1,193,138 $740,026 $878,243 $453,112
2020 $572,954 $734,905 $299,621 $-161,951
2019 $709,378 $544,104 $418,472 $165,274
2018 $559,681 $601,352 $254,608 $-41,671
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