LAUNDRYCARES FOUNDATION (EIN 204504242) - 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

2006

Legal Domicile

Principal Officer

BRIAN WALLACE

Phone

8005705629

Tax Period

2025-01-01 to 2025-12-31

LAUNDRYCARES FOUNDATION, founded in 2006, is a small nonprofit in the Human Services sector that reported $537K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $689K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE PURPOSES OF THE ORGANIZATION ARE: (I) TO COORDINATE THE DISTRIBUTION OF DONATED LAUNDRY SUPPLIES TO PROVIDE LAUNDRY SERVICES AND EDUCATION TO THOSE IN NEED.; AND (II) TO OFFER FREE LAUNDRY DAY AT COIN LAUNDRY FACILITIES IN SELECT CITIES.

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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 $483,659

Program Service Revenue $0

Investment Income $0

Other Revenue $52,905

TOTAL REVENUE $536,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,653

Fundraising Expenses $44,008

Program Expenses $540,147

Other Expenses $537,068

TOTAL EXPENSES $688,721

Year-over-Year Comparison

	2025	2024	Change
Revenue	$536,564	$486,304	+0.1%
Expenses	$688,721	$611,894	+0.1%
Net Income	$-152,157	$-125,590	+0.2%

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

$497,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HOLLAND	CHAIRMAN	0.50	Officer Director	$0	$0	$0
BRIAN GRELL	IMMEDIATE PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
DENNIS DIAZ	TREASURER	0.50	Officer Director	$0	$0	$0
NEAL SHAPIRO	DIRECTOR	0.50	Director	$0	$0	$0
PAUL HANSEN	DIRECTOR	0.50	Director	$0	$0	$0
ALAA ELBANNA	ADVISORY	2.00	Director	$0	$0	$0
ROBERT E MAES	ADVISORY	0.50	Director	$0	$0	$0
JANE PARK	ADVISORY	2.00	Director	$0	$0	$0
ELIZABETH MCCHESNEY	DIRECTOR OF OUTREACH	2.00	Director	$0	$0	$0
MICHAEL FANGER	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG MADSON	DIRECTOR	2.00	Director	$0	$0	$0
DAN NAUMANN	EXECUTIVE VICE PRESIDENT	40.00	Officer	$0	$6,624	$141,224
BRIAN WALLACE	CHIEF EXECUTIVE OFFICER	3.00	Officer	$0	$32,431	$355,899

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	$536,564	$688,721	$97,787	$-152,157
2024	$486,304	$611,894	$85,204	$-125,590
2023	$428,396	$540,850	$196,398	$-112,454
2022	$846,727	$615,825	$364,050	$230,902
2021	$194,345	$416,667	$140,290	$-222,322
2020	$323,256	$478,727	$264,918	$-155,471
2019	$703,749	$487,310	$475,095	$216,439
2018	$296,922	$253,857	$163,135	$43,065

LAUNDRYCARES FOUNDATION