MULTI-HOUSING LAUNDRY ASSOCIATION

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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

1959

Legal Domicile

Principal Officer

DENISE SAVINO-ERICHSEN

Phone

9197875181

Tax Period

2025-01-01 to 2025-12-31

MULTI-HOUSING LAUNDRY ASSOCIATION, founded in 1959, is a small nonprofit that reported $492K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $423K left a modest 14% surplus.

Mission

EDUCATION OF MEMBERSHIP AND PROMOTION OF INDUSTRY

Program Service Accomplishments

Program 1

COMMITTEE WORKSHOPS AND ANNUAL CONVENTIONS ARE HELD TO BRING MEMBERS TOGETHER TO EDUCATE AND UPDATE THEM IN THE AREA OF MULTI-HOUSING LAUNDRY FACILITIES AND TO BECOME ACQUAINTED WITH THE LATEST...

COMMITTEE WORKSHOPS AND ANNUAL CONVENTIONS ARE HELD TO BRING MEMBERS TOGETHER TO EDUCATE AND UPDATE THEM IN THE AREA OF MULTI-HOUSING LAUNDRY FACILITIES AND TO BECOME ACQUAINTED WITH THE LATEST TECHNOLOGY AVAILABLE

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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 (2025)

Revenue Breakdown

Contributions & Grants $266,250

Program Service Revenue $207,630

Investment Income $18,033

Other Revenue $0

TOTAL REVENUE $491,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $423,120

TOTAL EXPENSES $423,120

Year-over-Year Comparison

	2025	2024	Change
Revenue	$491,913	$358,542	+0.4%
Expenses	$423,120	$375,235	+0.1%
Net Income	$68,793	$-16,693	-5.1%

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

N/A

Volunteers

N/A

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
SCOTT CARRERAS	TREASURER	N/A	Officer Director	$0	$0	$0
FRANK D'ANNUNZIO	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
NICK D'ASCENSAO	DIRECTOR	N/A	Director	$0	$0	$0
DAVID DEMARSH	DIRECTOR	N/A	Director	$0	$0	$0
JIM FEINSTEIN	DIRECTOR	N/A	Director	$0	$0	$0
DOUG GOLDSTEIN	DIRECTOR	N/A	Director	$0	$0	$0
JASON HAINSWORTH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ROSS VAN HORNE	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MARSDEN	DIRECTOR	N/A	Director	$0	$0	$0
PARESH PATEL	DIRECTOR	N/A	Director	$0	$0	$0
DENISE SAVINO-ERICHSEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
SCOTT SCARPATO	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL SCHANTZ	DIRECTOR	N/A	Director	$0	$0	$0
CARLOS SESSAREGO	DIRECTOR	N/A	Director	$0	$0	$0
JOHN STEWART	DIRECTOR	N/A	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	$491,913	$423,120	$939,649	$68,793
2024	$358,542	$375,235	$863,679	$-16,693
2023	$232,536	$270,034	$882,961	$-37,498
2022	$217,955	$266,003	$912,366	$-48,048
2021	$156,927	$188,145	$932,908	$-31,218
2020	$186,725	$90,216	$942,945	$96,509
2019	$359,536	$269,875	$861,696	$89,661
2018	$286,193	$250,325	$772,378	$35,868