Corner Shower and LaundryInc (EIN 812954247) - 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

2016

Legal Domicile

Principal Officer

Steven Levine

Phone

2487636155

Tax Period

2024-01-01 to 2024-12-31

Corner Shower and LaundryInc, founded in 2016, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 29% operating margin.

Mission

To build and operate clean and safe shower and laundry facilities where the homeless and other in need in our community can shower and launder their clothes

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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 $159,381

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $159,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,494

Fundraising Expenses $2,101

Program Expenses $92,847

Other Expenses $39,014

TOTAL EXPENSES $112,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$159,391	$80,793	+1.0%
Expenses	$112,508	$103,828	+0.1%
Net Income	$46,883	$-23,035	-3.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patty Doerr	Board Member	001.00	Director	$0	$0	$0
Steven Levine	Treasurer	004.00	Officer Director	$0	$0	$0
Luke Mattson	Board Member	001.00	Director	$0	$0	$0
Vince Moore	Board Member	001.00	Director	$0	$0	$0
David Pernick	Chairperson	006.00	Officer Director	$0	$0	$0
Kelly Scheu	Vice Chair	002.00	Officer Director	$0	$0	$0
Janet Ray	Board Member	004.00	Director	$0	$0	$0
Lydia Chouinard	Board Member	001.00	Director	$0	$0	$0
Theresa Mitchell	Board Member	001.00	Director	$0	$0	$0
Bridget Green	Board Member	001.00	Director	$0	$0	$0
Kaity Nicastri	Board Member	001.00	Director	$0	$0	$0
Maria Schmeider	Board Member	001.00	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
2024	$159,391	$112,508	$377,135	$46,883
2023	$80,793	$103,828	$331,000	$-23,035
2022	$107,603	$76,447	$355,423	$31,156
2021	$138,023	$69,968	$323,702	$68,055
2020	$50,663	$68,384	$256,706	$-17,721
2019	$148,843	$2,415	$314,601	$146,428

Corner Shower and LaundryInc