ASSOCIATION FOR LINEN MANAGEMENT

EIN: 236296746 Community Improvement

RICHMOND, KY

Total Revenue
$855,149
Total Expenses
$956,290
Total Assets
$2,343,154
Net Assets
$2,207,765
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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
1939
Legal Domicile
DE
Principal Officer
CHIP MALBOEUF
Phone
8596240177
Tax Period
2023-07-01 to 2024-06-30

ASSOCIATION FOR LINEN MANAGEMENT, founded in 1939, is a small nonprofit in the Community Improvement sector that reported $855K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $956K exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATIONAL TRADE ASSOCIATION

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $112,505
Program Service Revenue $555,198
Investment Income $162,063
Other Revenue $25,383
TOTAL REVENUE $855,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,021
Fundraising Expenses $0
Program Expenses $747,802
Other Expenses $628,269
TOTAL EXPENSES $956,290

Year-over-Year Comparison

2023 2022 Change
Revenue $855,149 $692,876 +0.2%
Expenses $956,290 $718,437 +0.3%
Net Income $-101,141 $-25,561 +3.0%
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

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Governance

Voting Members
8
Independent Members
8
Employees
7
Volunteers
20

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL HART DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER CHRISTIE CLLM MHLM DIRECTOR 1.00
Director
$0 $0 $0
CHIP MALBOEUF CHAIRMAN 1.00
Officer Director
$0 $0 $0
JAMES MANGINI RLLD PAST PRESIDE 1.00
Officer Director
$0 $0 $0
LIZ REMILLONG VICE CHAIRMA 1.00
Officer Director
$0 $0 $0
NATHAN RIVERS SECRETARY 1.00
Officer Director
$0 $0 $0
ROCCO ROMEO TREASURER 1.00
Officer Director
$0 $0 $0
MATT SCHLIMGEN DIRECTOR 1.00
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 No data No data No data No data
2024 $855,149 $956,290 $2,343,154 $-101,141
2023 $692,876 $718,437 $2,346,725 $-25,561
2022 $485,140 $625,219 $2,279,658 $-140,079
2021 $487,018 $554,625 $2,419,737 $-67,607
2020 $603,138 $659,894 $2,481,278 $-56,756
2019 $2,647,694 $678,556 $2,538,579 $1,969,138
2018 $621,096 $664,460 $570,793 $-43,364
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