LAUNDRY LOVE CITRUS HEIGHTS

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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

2016

Legal Domicile

Principal Officer

John Michael Holbrook

Phone

9166907777

Tax Period

2022-07-01 to 2023-06-30

LAUNDRY LOVE CITRUS HEIGHTS, founded in 2016, is a micro nonprofit in the Human Services sector that reported $20K in total revenue in fiscal year 2022.

Mission

Laundry Love Citrus Heights is an initiative in partnership with individuals, groups, and local businesses. We strive to wash the clothes of individuals living in poverty. From infants to the aged, and across the spectrum of ethnicity, culture, and personal story, we seek to nurture the wellbeing of each person through intestinal networking and friendship

Program Service Accomplishments

Program 1

Expenses: $17,738 Revenue: $17,738

Donations Received: We raised over $20,000 this year and we used $17637 on our Saturday free wash days, the use of Club Cards (debit cards that work only in three local laundromats), and with the new Dexter Pay app (that took the place of the Club Cards in January 2022) to allow individuals who cannot wash on Saturday to use an app with promotional codes that allow them to do laundry and bill Laundry Love Citrus Heights for the full cost of their laundry. The revenue show above is from donations from individuals, businesses, and a few churches. We did receive a $500 grant, too.

Program 2

Expenses: $1,278 Revenue: $1,278

Website Update: We updated our website to allow for more clarity before embarking on our Dexter Pay app. This work began in December 2022 and we used a professional website person to add sections...

Website Update: We updated our website to allow for more clarity before embarking on our Dexter Pay app. This work began in December 2022 and we used a professional website person to add sections that explain how to download and use the app and also provides a mechanism to pass out promotional codes to persons who sign up each month to use the app.

Program 3

Expenses: $1,124 Revenue: $1,124

Clothing for the Poor: We participated in a Winter Sanctuary Program at two churches in the Citrus Heights area this past fiscal year. We agreed to do laundry five nights per week for two weeks. We noticed many of the individuals didn't have clean clothes when they arrived at the church each night. We spend $750 on both clothes and shoes for up to 25 individuals. This included sweats, socks, pants, shirts, underwear, gloves caps, shoes and jackets. The balance of the expenses were items were purchased and passed out at our Saturday wash events.

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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 (2022)

Revenue Breakdown

Contributions & Grants $19,826

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,140

Other Expenses $20,140

TOTAL EXPENSES $20,140

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,826	$19,826	N/A
Expenses	$20,140	$20,140	N/A
Net Income	$-314	$-314	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Michael Holbrook	President, Director	30	Officer Director	$0	$0	$0
Ron Bauer	Secretary	8	Officer Director	$0	$0	$0
Stephen Roberts	Treasurer	30.00	Officer Director	$0	$0	$0
Leslie Reich	Customer Relations Director	8	Director	$0	$0	$0
Jose Hernandez	Community Inclusion Director	8	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
2023	$19,826	$20,140	$25,273	$-314