THE LAUNDRY STOP INC

EIN: 833212806 501(c)(3)

FRANKLIN, TN

Total Revenue
$34,295
Total Expenses
$90,205
Total Assets
$68,213
Net Assets
$68,213
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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
2019
Legal Domicile
TN
Principal Officer
JASMINE MCCLARNEY
Tax Period
2023-01-01 to 2023-12-31

THE LAUNDRY STOP INC, founded in 2019, is a micro nonprofit that reported $34K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 163% operating deficit.

Mission

TO HELP RESTORE DIGNITY AND HOPE TO THOSE IN NEED BY PROVIDING AN EXCELLENT MOBILE LAUNDRY SERVICE. WE COMMIT TO BUILD RELATIONSHIPS AND MEET ADDITIONAL NEEDS AS WE DISCOVER THEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $34,295
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $34,295

Expense Breakdown

Grants Paid $1,588
Salaries & Benefits $39,027
Fundraising Expenses $0
Program Expenses $90,205
Other Expenses $49,590
TOTAL EXPENSES $90,205

Year-over-Year Comparison

2023 2022 Change
Revenue $34,295 $153,887 -0.8%
Expenses $90,205 $84,781 +0.1%
Net Income $-55,910 $69,106 -1.8%
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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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
6

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
3
$35,568
Total Directors
3
$35,568
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASMINE MCCLARNEY PRESIDENT 15.00
Officer Director
$0 $0 $0
JIM EVANS TREASURER 1.00
Officer Director
$0 $0 $0
JENETTE LEACH SECRETARY 20.00
Officer Director
$35,568 $0 $35,568
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 No data No data No data No data
2023 $34,295 $90,205 $68,213 $-55,910
2022 $153,887 $84,781 $124,123 $69,106
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