Wardrobe for Opportunity

Nonprofit profile at a glance

EIN
680369734
IRS 990 coverage
2010–2019
Forms available
Form 990 2019
Location
Oakland, CA, USA
Phone
5104634100
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$631,781
Expenses
$656,591
Assets
$273,790
Liabilities
$4,205

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ROBERT ARMSTRONG (PRESIDENT)
  • MOIRE RASMUSSEN (VICE PRESIDENT)
  • VERA PACKARD (EXECUTIVE DIRECTOR)
  • MAHOGANY CHARLTON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MAHOGANY CHARLTON (EXECUTIVE DIRECTOR): $87,054 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Wardrobe for opporunity works to see poverty end through career development by ensuring that low-income professionals have all the tools they need, both internal and external to build careers. The professional attire inspires confidence, while introductions to major companies provide access, and our intensive certificate courses provide the ability to translate one's competitive skills into bold career moves and financial success. Wfo works to give every client the tools that can lead them out of poverty for good.

What it reported doing in 2019

Success series, a 12 week long-term career planning certificate course, offers classroom training to address both internal and external barriers to career building. Participants build peer networks while assessing and fine-tuning their career plans. Graduates have the opportunity to work one-on-one with professional coaches who ensure that low-income professionals have the tools not only to create specific strategies for long-term career plans but that they have the life-long tools to execute them and transform their lives.style for steal events offer the opportunity for clients to build and maintain a professional wardrobe through the quarterly style for steal sales and to generate revenue to fund ongoing programs.workshops (professional image workshops, interview clinics, and resume workshops) give clients the information they need to present the "right" image at a job interview. It provides the opportunity for clients to practice interviewing, review resumes, and make professional connections.alumni program is offered to over 100 career advancement graduates. Includes financial literacy training, weekly success circles and one-on-one coaching to help graduates continue their long-term success.volunteer development - with over 200 dedicated volunteer, the organization is continuously trying to recruit, train and retain individuals who style clients, assist with fundraising and events.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88%; rating input score 88
  • Program expense ratio: 84.7%; rating input score 85
  • Fundraising efficiency: $18.62 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.9%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.42; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 13.3%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -4.9% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -12.4% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 88% of revenue deployed · 84.7% of spending went to programs
  • Governance: 7 of 7 board members independent · 6 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $556K in reported program spending
  • Leadership: top reported pay $87K · 7 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 10 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 59/100.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.