Neighborhood Cleaners Association … - Form 990 Financial Data

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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

1946

Legal Domicile

Principal Officer

Nora Nealis

Phone

2129673002

Tax Period

2024-01-01 to 2024-12-31

Neighborhood Cleaners Association Inc, founded in 1946, is a small nonprofit that reported $323K in total revenue in fiscal year 2024. Expenses of $307K left a modest 5% surplus.

Mission

THE NEIGHBORHOOD CLEANERS ASSOCIATION INC IS A TRADE ASSOCIATION DOE THE OWNERS OF DRYCLEANING ESTABLISHMENTS. THE ASSOCIATION PROVIDES INDUSTRY UPDATES, EDUCATION & TRAINING.

Program Service Accomplishments

Program 1

EDUCATED TRAINED AND SUPPORTED MEMBERS ON THE PRINCIPLES AND PRATICES OF THE DRY CLEANING INDUSTRY. ALSO EDUCATED MEMBERS TO ASSIST IN STATE CERTIFICATION REQUIREMENTS

Program 2

PRODUCED AND DISTRIBUTED PUBLICATIONS AND ELECTRONIC MEDIA UPDATING MEMBERS ON INDUSTRY DEVELOPMENTS AND CHANGES.

Program 3

PROVIDED PARTICIPATING MEMBERS WITH GARMENT ANALYSIS AND CONSULTING SERVICES

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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 $211,989

Program Service Revenue $107,354

Investment Income $8

Other Revenue $3,634

TOTAL REVENUE $322,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,669

Fundraising Expenses $0

Other Expenses $127,531

TOTAL EXPENSES $307,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$322,985	$322,983	+0.0%
Expenses	$307,200	$369,469	-0.2%
Net Income	$15,785	$-46,486	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Kinzer	Trustee	1.00	Director	$0	$0	$0
Joseph Hallak Jr	Trustee	1.00	Director	$0	$0	$0
Russ Petrozzi	Chairman	1.00	Director	$0	$0	$0
Debra Kravet	Trustee	1.00	Director	$0	$0	$0
Dawn Hargrove	Executive Dir.	40.00	Director	$0	$0	$0
Albert Lee	Vice President	1.00	Officer	$0	$0	$0
Wayne Edelman	Vice President	1.00	Officer	$0	$0	$0
Bruce Barish	President	1.00	Officer	$0	$0	$0
Richard Aviles	Secretary	1.00	Officer	$0	$0	$0
Nora Nealis	Executive Director	0.00		$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	$322,985	$307,200	$44,829	$15,785
2023	$322,983	$369,469	$40,392	$-46,486
2022	$452,199	$445,340	$110,139	$6,859
2021	$358,843	$263,990	$155,857	$94,853
2019	$774,339	$852,104	$435,320	$-77,765
2018	$767,926	$805,122	$505,610	$-37,196

Neighborhood Cleaners Association Inc