MICHIGAN INSTITUTE OF LAUNDERING AND DRYCLEANING (EIN 381431496) - 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

Legal Domicile

Principal Officer

DAVID CLARK

Phone

8773906453

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN INSTITUTE OF LAUNDERING AND DRYCLEANING is a small nonprofit that reported $200K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 38% operating margin.

Mission

TO ESTABLISH AND MAINTIAN EXCELLENCE AND UNIFORMITY IN COMMERCIAL DRY CLEANING AND LAUNDERING USAGES IN ACCORDANCE WITH WHICH THE PUBLIC INTEREST SHALL BE FULLY PROTECTED AND THE PROSPERITY OF THE TRADE LAWFULLY PROMOTED.

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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 $159,330

Investment Income $40,817

Other Revenue $0

TOTAL REVENUE $200,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $36,192

Program Expenses $45,654

Other Expenses $123,417

TOTAL EXPENSES $123,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,147	$139,430	+0.4%
Expenses	$123,417	$107,216	+0.2%
Net Income	$76,730	$32,214	+1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STATHI AFENDOULIS	CHAIRMAN	1.00	Director	$0	$0	$0
DAVID BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BRADFORD	DIRECTOR	1.00	Director	$0	$0	$0
ANN CHAFFEE	TREASURER	1.00	Director	$0	$0	$0
SCOTT CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JON CONANT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FRY	DIRECTOR	1.00	Director	$0	$0	$0
ROB HELLIER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MARKS	PAST PRESIDE	1.00	Director	$0	$0	$0
TOM MAURER	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG WARD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CLARK	PRESIDENT	1.00	Officer	$0	$0	$0
ANDY CURTIS	PRESIDENT EL	1.00	Officer	$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
2024	$200,147	$123,417	$711,030	$76,730
2023	$139,430	$107,216	$646,115	$32,214
2022	$153,799	$134,171	$545,563	$19,628
2021	$223,960	$112,149	$570,993	$111,811
2020	$154,290	$102,806	$526,348	$51,484

MICHIGAN INSTITUTE OF LAUNDERING AND DRYCLEANING