TEXTILE RENTAL SERVICES ASSOCIATION OF AMERICA INC (EIN 362036177) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1912

Legal Domicile

Principal Officer

JOSEPH RICCI

Phone

7035190029

Tax Period

2023-01-01 to 2023-12-31

TEXTILE RENTAL SERVICES ASSOCIATION OF AMERICA INC, founded in 1912, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2018.

Mission

ADVANCE THE PROFESSION THROUGH GOVERNMENT ADVOCACY, EDUCATION, AND MARKETING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $407,870

Program Service Revenue $5,657,476

Investment Income $319,763

Other Revenue $916,590

TOTAL REVENUE $7,301,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,650,918

Fundraising Expenses $0

Other Expenses $3,662,204

TOTAL EXPENSES $6,313,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,301,699	$6,453,653	+0.1%
Expenses	$6,313,122	$5,854,205	+0.1%
Net Income	$988,577	$599,448	+0.6%

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

$829,824

Total Directors

Key Employees

$272,323

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KEARNS	CHAIR	1.00	Officer Director	$0	$0	$0
RANDY BARTSCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NOEL RICHARDSON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
PJ DEMPSEY	TREASURER	1.00	Officer Director	$0	$0	$0
ROGER HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RICK KELLY	DIRECTOR	1.00	Director	$0	$0	$0
THERESA GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE SINTROS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BURKE	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE FERRON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHULEVITZ	DIRECTOR	1.00	Director	$0	$0	$0
LIZ REMILLONG	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY VAN MIERT	DIRECTOR	1.00	Director	$0	$0	$0
JUHA LAURIO	DIRECTOR	1.00	Director	$0	$0	$0
JOSH WILDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSE LUIS JACQUES	DIRECTOR	1.00	Director	$0	$0	$0
JOHANNA AMES	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY ARNETT	DIRECTOR	1.00	Director	$0	$0	$0
JIM ROZAKIS	DIRECTOR	1.00	Director	$0	$0	$0
JAKE GURTLER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HERINGTON	DIRECTOR	1.00	Director	$0	$0	$0
BOB HAGER	DIRECTOR	1.00	Director	$0	$0	$0
BOB DUDLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH RICCI	PRESIDENT & CEO	40.00	Officer	$433,047	$63,353	$496,400
THOMAS NEWELL	VICE PRESIDENT OF OPERATIONS	40.00	Officer	$248,589	$84,835	$333,424
KEVIN SCHWALB	VICE PRESIDENT OF GOVERNMENT	40.00	Key Emp	$209,255	$63,068	$272,323
KENNETH KOEPPER	MEMBERSHIP DIRECTOR	40.00	Highest	$104,363	$39,943	$144,306
JOHN MORGAN	SENIOR EDITOR	40.00	Highest	$117,893	$39,285	$157,178
SUSAN JACKSON	MARKETING DIRECTOR	40.00	Highest	$127,789	$18,822	$146,611
SALITA JONES	EVENTS DIRECTOR	40.00	Highest	$104,088	$28,398	$132,486
SAMLANE KETEVONG	CERTIFICATION DIRECTOR	40.00	Highest	$104,374	$15,252	$119,626

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	$7,301,699	$6,313,122	$15,041,774	$988,577
2022	$6,453,653	$5,854,205	$13,722,257	$599,448
2021	$5,781,606	$5,686,654	$12,660,390	$94,952
2020	$4,975,504	$4,806,927	$11,940,436	$168,577
2019	$5,824,119	$6,199,779	$11,202,361	$-375,660
2018	$5,585,531	$5,665,943	$7,333,252	$-80,412

TEXTILE RENTAL SERVICES ASSOCIATION OF AMERICA INC