THE LAUNDRY TRUCK LA

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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

2017

Legal Domicile

Phone

3232645536

Tax Period

2024-01-01 to 2024-12-31

THE LAUNDRY TRUCK LA, founded in 2017, is a small nonprofit in the Human Services sector that reported $561K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

TO PROVIDE FREE MOBILE LAUNDRY SERVICE TO THOSE EXPERIENCNG HOMELESSNES AND POVERTY

Program Service Accomplishments

Program 1

Expenses: $319,265 Revenue: $560,749

TO PROVIDE FREE MOBILE LAUNDRY SERVICE TO THOSE EXPERIENCNG HOMELESSNES AND POVERTY

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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 $560,749

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,292

Fundraising Expenses $70,964

Program Expenses $319,265

Other Expenses $327,078

TOTAL EXPENSES $550,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,749	$645,245	-0.1%
Expenses	$550,370	$525,494	+0.0%
Net Income	$10,379	$119,751	-0.9%

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

N/A

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

$33,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODIE DOLAN	Director	5.00	Officer	$33,120	$0	$33,120
ROBERT A LANDINO	CFO	5.00	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	$560,749	$550,370	$175,501	$10,379
2023	$645,245	$525,494	$160,421	$119,751
2022	$414,350	$436,886	$40,670	$-22,536
2021	$314,904	$423,816	$63,206	$-108,912
2020	$419,648	$321,518	$172,121	$98,130