CLOTHES THE DEAL (EIN 954592893) - 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

1996

Legal Domicile

Principal Officer

MICHELE WARD

Phone

5629228635

Tax Period

2023-01-01 to 2023-12-31

CLOTHES THE DEAL, founded in 1996, is a small nonprofit in the Employment sector that reported $174K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 74% operating deficit.

Mission

CLOTHES THE DEAL PROVIDES CLOTHING &ACCESORIES TO HELP LOW-INCOME INDIVIDUALS ACHIEVE THEIR CAREER GOALS. CLOTHES THEDEAL ALSO OFFERS WORKSHOPS TO PREPARE OUR CLIENTS TO RE-ENTER THE WORKFORCE.

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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 $195,000

Program Service Revenue $210,397

Investment Income $0

Other Revenue $-231,158

TOTAL REVENUE $174,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,756

Fundraising Expenses $0

Program Expenses $261,839

Other Expenses $59,143

TOTAL EXPENSES $303,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,239	$531,137	-0.7%
Expenses	$303,899	$400,849	-0.2%
Net Income	$-129,660	$130,288	-2.0%

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

$93,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE WARD	Executive Dir.	40.00	Officer	$0	$0	$93,600
ERIN EARLYWINE	Secretary	0.00	Director	$0	$0	$0
MARYHELEN JORDAN	Member	0.00	Director	$0	$0	$0
CARLOS CERVANTES-RESIGNED0523	President & CEO	0.00	Director	$0	$0	$0
ASHLEY BRADNEY	Treasurer	0.00	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	No data	No data	No data	No data
2023	$174,239	$303,899	$445,554	$-129,660
2022	$531,137	$400,849	$577,114	$130,288
2021	$288,275	$231,950	$446,826	$56,325
2020	$206,590	$191,962	$369,445	$14,628
2019	$224,112	$201,448	$323,973	$22,664
2018	$306,955	$197,250	$306,921	$109,705

CLOTHES THE DEAL