The Laundromat Project Inc (EIN 870753479) - 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

2005

Legal Domicile

Principal Officer

Ayesha Williams

Phone

7185740798

Tax Period

2024-01-01 to 2024-12-31

The Laundromat Project Inc, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

The Laundromat Project advances artists and neighbors as change agents in their own communities through artist residencies, fellowships, and community engagement.

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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 $2,062,727

Program Service Revenue $10,550

Investment Income $347,618

Other Revenue $3,250

TOTAL REVENUE $2,424,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,471,111

Fundraising Expenses $316,304

Program Expenses $1,965,007

Other Expenses $1,406,476

TOTAL EXPENSES $2,877,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,424,145	$5,734,078	-0.6%
Expenses	$2,877,587	$2,676,945	+0.1%
Net Income	$-453,442	$3,057,133	-1.1%

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

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

$169,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ayesha Williams	Executive Director	40.00	Officer	$155,433	$14,418	$169,851
Ashima Aggarwal	Board Chair	1.00	Officer Director	$0	$0	$0
Alison Cuzzolino	Treasurer	1.00	Officer Director	$0	$0	$0
Kevin Rabsatt	Vice Board Chair	1.00	Officer Director	$0	$0	$0
Jessica Lee	Secretary	1.00	Officer Director	$0	$0	$0
Naomi Beckwith	Board Member	1.00	Director	$0	$0	$0
George Suttles	Board Member	1.00	Director	$0	$0	$0
Patton Hindle	Board Member	1.00	Director	$0	$0	$0
Susan Delvalle	Board Member	1.00	Director	$0	$0	$0
Rasu Jilani	Board Member	1.00	Director	$0	$0	$0
Salvador Muoz	Board Member	1.00	Director	$0	$0	$0
Diya Vij	Board Member	1.00	Director	$0	$0	$0
Kevin Harry	Board Member	1.00	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	$2,424,145	$2,877,587	$9,191,092	$-453,442
2023	$5,734,078	$2,676,945	$9,703,556	$3,057,133
2022	$1,824,950	$2,033,921	$6,598,573	$-208,971
2021	$5,175,800	$1,954,593	$6,741,143	$3,221,207
2020	$2,488,024	$1,235,765	$3,577,635	$1,252,259

The Laundromat Project Inc