FRANKLIN HOMESTEAD INC (EIN 030323491) - 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

1990

Legal Domicile

Principal Officer

JEAN RICHARD

Phone

8022852944

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN HOMESTEAD INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $804K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $123K, a strong 15% operating margin.

Mission

PROVIDE AND PROMOTE AFFORDABLE, SAFE AND CONVENIENT HOUSING FOR CITIZENS FIFTY-FIVE AND OVER.

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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 $139,697

Program Service Revenue $641,252

Investment Income $23,049

Other Revenue $491

TOTAL REVENUE $804,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $304,390

Fundraising Expenses $0

Program Expenses $570,052

Other Expenses $376,630

TOTAL EXPENSES $681,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$804,489	$897,035	-0.1%
Expenses	$681,020	$690,521	0.0%
Net Income	$123,469	$206,514	-0.4%

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

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

$83,033

Total Directors

$35,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY HARTMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA WHITTEMORE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEAN RICHARD	TREASURER	20.00	Officer Director	$25,241	$0	$25,241
MARY B LAROSE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN COTE	DIRECTOR	1.00	Director	$0	$0	$0
ANNE FLEMING	DIRECTOR	1.00	Director	$10,103	$0	$10,103
EMMA GERRARD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE ROBSON	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNE HULL-CASAVANT	DIRECTOR	1.00	Director	$0	$0	$0
STACY SILLOWAY	MANAGER	32.00	Officer	$57,792	$0	$57,792

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	$804,489	$681,020	$1,865,266	$123,469
2023	$897,035	$690,521	$1,729,110	$206,514
2022	$663,055	$643,346	$1,724,854	$19,709
2021	$604,837	$628,235	$1,735,964	$-23,398
2020	$588,707	$652,430	$1,744,734	$-63,723
2019	$520,739	$667,483	$1,673,746	$-146,744
2018	$536,402	$660,591	$1,826,780	$-124,189

FRANKLIN HOMESTEAD INC