DRYCLEANING AND LAUNDRY INSTITUTE (EIN 360726330) - 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

1922

Legal Domicile

Principal Officer

MARY SCALCO

Phone

3016221900

Tax Period

2024-04-01 to 2025-03-31

DRYCLEANING AND LAUNDRY INSTITUTE, founded in 1922, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Net assets of $10.0M represent 80 months of operating reserves.

Mission

TO FOSTER AND PROMOTE THE GENERAL WELFARE OF THE TEXTILE MAINTENANCE AND RELATED INDUSTRIES.

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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 $0

Program Service Revenue $1,222,551

Investment Income $264,238

Other Revenue $10,374

TOTAL REVENUE $1,497,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $838,413

Fundraising Expenses $0

Other Expenses $673,300

TOTAL EXPENSES $1,511,713

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,497,163	$1,725,385	-0.1%
Expenses	$1,511,713	$1,441,550	+0.0%
Net Income	$-14,550	$283,835	-1.1%

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

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

$173,387

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYLE NESBIT PRES ELECT UNTIL	JUNE 2024, THEN PRESIDENT	0.50	Officer Director	$0	$0	$0
KATHY BENZINGER PRESIDENT	UNTIL JUNE 2024, THEN CHAIR	0.50	Officer Director	$0	$0	$0
TORAN BROWN TREASURER UNTIL	JUNE 2024, THEN PRES.-ELECT	0.50	Officer Director	$0	$0	$0
RAYMOND KRONER DISTRICT 4	DIR., TREASURER AS OF JUNE 2024	0.50	Officer Director	$0	$0	$0
LARRY FISH	DISTRICT 1 DIRECTOR	0.50	Director	$0	$0	$0
NORMAN WAY	DISTRICT 2 DIRECTOR	0.50	Director	$0	$0	$0
DON HOLECEK	DISTRICT 3 DIRECTOR	0.50	Director	$0	$0	$0
DAN SIMS	DISTRICT 5 DIRECTOR	0.50	Director	$0	$0	$0
DANNY BAHLMAN	DISTRICT 6 DIRECTOR	0.50	Director	$0	$0	$0
RYAN FISH	DISTRICT 7 DIRECTOR AS OF JUNE 2024	0.50	Director	$0	$0	$0
RAY RANGWALA	DISTRICT 8 DIRECTOR AS OF JUNE 2024	0.50	Director	$0	$0	$0
MARK ALBRECHT	ALL TRADES DIRECTOR	0.50	Director	$0	$0	$0
MARY SCALCO	CEO AND SECRETARY	40.00	Officer	$166,389	$6,998	$173,387
JOHANNES MEIJER	DIR. OF MEMBERSHIP DEVELOPMENT	40.00	Highest	$111,346	$19,540	$130,886
BRIAN JOHNSON	DIRECTOR OF EDUCATION	40.00	Highest	$114,722	$10,517	$125,239

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	$1,497,163	$1,511,713	$10,655,620	$-14,550
2024	$1,725,385	$1,441,550	$10,247,810	$283,835
2023	$4,811,649	$1,396,462	$9,135,498	$3,415,187
2022	$1,500,891	$1,432,530	$9,637,718	$68,361
2021	$1,733,323	$1,283,542	$9,168,854	$449,781
2020	$1,780,673	$1,942,803	$7,465,123	$-162,130
2019	$5,053,854	$1,895,269	$8,202,236	$3,158,585

DRYCLEANING AND LAUNDRY INSTITUTE