WORKING WARDROBE (EIN 993691267) - 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

2024

Legal Domicile

Principal Officer

SADIE L ELDER

Phone

9192607353

Tax Period

2025-01-01 to 2025-12-31

WORKING WARDROBE, founded in 2024, is a small nonprofit in the Human Services sector that reported $554K in total revenue in fiscal year 2025. Revenue surged 318% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 21% operating margin.

Mission

TO ADDRESS THE ISSUE OF CLOTHING INSECURITY FOR WOMEN AND CHILDREN IN THE GREATER HIGH POINT, NC AREA.

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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 $546,020

Program Service Revenue $0

Investment Income $874

Other Revenue $7,322

TOTAL REVENUE $554,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,427

Fundraising Expenses $0

Program Expenses $385,588

Other Expenses $322,694

TOTAL EXPENSES $437,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$554,216	$132,563	+3.2%
Expenses	$437,121	$67,818	+5.4%
Net Income	$117,095	$64,745	+0.8%

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SADIE L ELDER	EXECUTIVE DIRECTOR	40.00	Officer Director	$100,000	$0	$100,000
MARILYN C NOWELL	BOARD CHAIR/TREASURER	0.00	Officer Director	$0	$0	$0
KRISTIN CROWE	VICE-CHAIRPERSON	0.00	Officer Director	$0	$0	$0
HOLLY DAVIS	SECRETARY	0.00	Officer Director	$0	$0	$0
HELEN CONGDON	BOARD MEMBER	0.00	Director	$0	$0	$0
STEPHANIE JAMES	BOARD MEMBER	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	$554,216	$437,121	$181,840	$117,095

WORKING WARDROBE