SUITS FOR SENIORS INC (EIN 812028864) - 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

Phone

3216047590

Tax Period

2024-01-01 to 2024-12-31

SUITS FOR SENIORS INC is a small nonprofit in the Employment sector that reported $449K in total revenue in fiscal year 2024. Expenses of $397K left a modest 12% surplus.

Mission

Suiting Up Future Leaders For Lifelong Success. As an award-winning nonprofit organization, we believe that by providing high school students with the education, scholarships, and a tailored suit they need, we can help them break the cycle of poverty and create a better future for themselves and their families.

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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 $386,958

Program Service Revenue $0

Investment Income $0

Other Revenue $62,162

TOTAL REVENUE $449,120

Expense Breakdown

Grants Paid $20,175

Salaries & Benefits $161,696

Fundraising Expenses $3,700

Program Expenses $324,407

Other Expenses $215,102

TOTAL EXPENSES $396,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$449,120	$422,543	+0.1%
Expenses	$396,973	$409,720	0.0%
Net Income	$52,147	$12,823	+3.1%

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

125

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERVONTE EDMONS	Executive Director	40.00		$84,950	$0	$84,950
PHILLIP HUTCHINSON	Director	1.00	Director	$0	$0	$0
CAITLIN MACIAS	Director	1.00	Director	$0	$0	$0
PHYLLIS GILLESPIE	Director	1.00	Director	$0	$0	$0
DAVE MARKARIAN	Director	1.00	Director	$0	$0	$0
PENNY BUTLER	Director	1.00	Officer	$0	$0	$0
JEFF JOHNSON	Treasurer	1.00	Officer	$0	$0	$0
MO CORKER	President	1.00	Officer	$0	$0	$0
SERGIO MARICAS	Secretary	1.00	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	$449,120	$396,973	$172,228	$52,147
2023	$422,543	$409,720	$123,584	$12,823
2022	$375,317	$363,836	$140,170	$11,481
2021	$256,947	$265,136	$123,829	$-8,189

SUITS FOR SENIORS INC