COREY'S CLOSET INC (EIN 815081635) - 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

2017

Legal Domicile

Principal Officer

HOLLY NOISEUX

Phone

6032615011

Tax Period

2025-01-01 to 2025-12-31

COREY'S CLOSET INC, founded in 2017, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 4% surplus.

Mission

TO GIVE DISABLED INDIVIDUALS PURPOSE AND CONFIDENCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $7,139

Program Service Revenue $1,067,021

Investment Income $-9,384

Other Revenue $0

TOTAL REVENUE $1,064,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,623

Fundraising Expenses $0

Program Expenses $977,883

Other Expenses $319,355

TOTAL EXPENSES $1,025,978

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,064,776	$882,510	+0.2%
Expenses	$1,025,978	$866,938	+0.2%
Net Income	$38,798	$15,572	+1.5%

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

N/A

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

$65,000

Total Directors

$65,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA SLIWERSKI	EXECUTIVE DI	40.00	Officer Director	$65,000	$0	$65,000
DAWN RIVARD	DIRECTOR	N/A	Director	$0	$0	$0
NICOLE KINGSBURY	SECRETARY	N/A	Officer	$0	$0	$0
MAUREEN MADDEN	TREASURER	N/A	Officer	$0	$0	$0
HOLLY NOISEUX	PRESIDENT	N/A	Officer	$0	$0	$0
JOYCE SKIFF	VICE-PRESIDE	N/A	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
2025	$1,064,776	$1,025,978	$240,043	$38,798
2024	$882,510	$866,938	$228,048	$15,572
2023	$724,269	$569,471	$220,255	$154,798
2022	$451,602	$456,722	$30,277	$-5,120
2021	$295,483	$281,995	$35,397	$13,488

COREY'S CLOSET INC