WAY MORE LAUNDRY INC

EIN: 823993772 501(c)(3)

Millsboro, DE

Total Revenue
$1,021
Total Expenses
$704
Total Assets
$2,678
Net Assets
$2,678
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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
2018
Legal Domicile
DE
Principal Officer
CHEROKEE C BONILLA
Tax Period
2019-01-01 to 2019-12-31

WAY MORE LAUNDRY INC, founded in 2018, is a micro nonprofit that reported $1K in total revenue in fiscal year 2019. Revenue fell 78% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $317, a strong 31% operating margin.

Mission

TO HELP MENTOR YOUTH IN LOW INCOME COMMUNITIES. TO IMPACT YOUTH BY HELPING THEM GAIN THE SOCIAL, JOB READINESS, AND COMMUNICATIONS SKILLS TO PREPARE THEM FOR A CAREER AFTER HIGH SCHOOL.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $1,021
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $704
TOTAL EXPENSES $704

Year-over-Year Comparison

2019 2018 Change
Revenue $1,021 $4,687 -0.8%
Expenses $704 $2,326 -0.7%
Net Income $317 $2,361 -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

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Governance

Voting Members
1
Independent Members
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHEROKEE C BONILLA EXECUTIVE DIRECTOR 40.00
Officer 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
2019 $1,021 $704 $2,678 $317
2018 $4,687 $2,326 $2,361 $2,361
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