CALIFORNIA CLEANERS ASSOCIATION

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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

1942

Legal Domicile

Phone

9162405004

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA CLEANERS ASSOCIATION, founded in 1942, is a small nonprofit that reported $278K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101K, a strong 36% operating margin.

Mission

TO PROVIDE A FORUM OF EDUCATION AND RESOURCES FOR MEMBERS IN THE CLEANERS PROFESSION

Program Service Accomplishments

Program 1

THE PROGRAM SERVICE CCOMPLISHMENTS ARE CONVENTIONS, EXHIBITS AND QUARTERLY MEETINGS HELD IN ORDER TO EXCHANGE VARIOUS OPINIONS RELATIVE TO THE DRY CLEANING PROFESSION

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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 $0

Program Service Revenue $268,096

Investment Income $8,748

Other Revenue $1,305

TOTAL REVENUE $278,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,829

TOTAL EXPENSES $176,829

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,149	$146,441	+0.9%
Expenses	$176,829	$127,349	+0.4%
Net Income	$101,320	$19,092	+4.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DAVID SUBER	Vice President	Director	$0	$0	$0
SASSAN RAHIMZADEH	Past President	Director	$0	$0	$0
Toran Brown	Treasurer	Director	$0	$0	$0
RAY RANGWALA	President	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	$278,149	$176,829	$300,984	$101,320
2018	$326,711	$296,265	$250,467	$30,446