HEALTHCARE LAUNDRY ACCREDITATION COUNCIL (EIN 203336791) - 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

2005

Legal Domicile

Principal Officer

NONPROFIT RESOURCES

Phone

8154361404

Tax Period

2023-01-01 to 2023-12-31

HEALTHCARE LAUNDRY ACCREDITATION COUNCIL, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $324K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

INSPECTION OF HEALTHCARE PROCESSING LAUNDRIES (COMMERCIAL COMPANIES, COOPERATIVES, AND IN-HOUSE FACILITIES) ACCORDING TO STANDARDS AND PROCEDURES NECESSARY FOR ACCREDITATION; THEREBY PROVIDING A PUBLIC SERVICE THAT BENEFITS THE FACILITIES THEMSELVES, HEALTHCARE CONSUMERS, AND HEALTHCARE INSTITUTIONS.

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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 $0

Program Service Revenue $318,133

Investment Income $5,441

Other Revenue $0

TOTAL REVENUE $323,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350,935

TOTAL EXPENSES $350,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,574	$484,735	-0.3%
Expenses	$350,935	$446,535	-0.2%
Net Income	$-27,361	$38,200	-1.7%

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

N/A

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

$145,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NONPROFIT RESOURCES	EXECUTIVE DI	38.00	Officer	$145,000	$0	$145,000
ROCCO ROMEO	TREASURER	3.00	Officer Director	$0	$0	$0
JEFFREY COUREY	PRESIDENT -	1.00	Director	$0	$0	$0
LINDA MCCURDY	PAST PRESIDE	1.00	Director	$0	$0	$0
KELLY ZABRISKIE	DIRECTOR	2.00	Director	$0	$0	$0
KARL FILLIP II	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HOPPER	DIRECTOR	2.00	Director	$0	$0	$0
LUMEY GAMBOA	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JEWISON RLLD CLLM	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY A SULECKI	DIRECTOR	1.00	Director	$0	$0	$0
PATTI COSTELLO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE ZIRGES	DIRECTOR	2.00	Director	$0	$0	$0
CORT NAAB	SECRETARY/TR	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$323,574	$350,935	$526,823	$-27,361
2022	$484,735	$446,535	$517,412	$38,200
2021	$419,576	$319,020	$521,086	$100,556
2020	$160,588	$226,621	$388,329	$-66,033
2019	$389,044	$394,277	$357,768	$-5,233
2018	$347,038	$331,461	$384,809	$15,577

HEALTHCARE LAUNDRY ACCREDITATION COUNCIL