Franklin Country Club Inc (EIN 041342215) - 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

1921

Legal Domicile

Principal Officer

PAUL GERRISH

Phone

5085286110

Tax Period

2023-10-01 to 2024-09-30

Franklin Country Club Inc, founded in 1921, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 11% surplus.

Mission

TO ENCOURAGE ATHLETIC EXERCISE AND TO PROMOTE SOCIAL ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,621,811

Investment Income $66,741

Other Revenue $145,052

TOTAL REVENUE $4,833,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,296,413

TOTAL EXPENSES $4,296,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,833,604	$4,187,337	+0.2%
Expenses	$4,296,413	$4,045,494	+0.1%
Net Income	$537,191	$141,843	+2.8%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

206

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Erickson	Governor	3.00	Director	$0	$0	$0
Anthony Costa	Governor	3.00	Director	$0	$0	$0
Michael O'Riordan	Governor	3.00	Director	$0	$0	$0
Michael Silva	Governor	3.00	Director	$0	$0	$0
Robert Holmes	Governor	3.00	Director	$0	$0	$0
Carl Resteghini	Governor	3.00	Director	$0	$0	$0
Jeff Gray	Governor	3.00	Director	$0	$0	$0
ROBERT DEFLAMINIS	President	10.00	Officer	$0	$0	$0
Erik Marr	1ST VICE PRES	3.00	Officer	$0	$0	$0
Chris Choate	2ND VICE PRES	3.00	Officer	$0	$0	$0
Eric Dugas	3rd VICE PRES	3.00	Officer	$0	$0	$0
PAUL GERRISH	TREASURER	10.00	Officer	$0	$0	$0
GREGORY MCNEILLIE	FINANCIAL SECRE	3.00	Officer	$0	$0	$0
Ronald Russian	Secretary	3.00	Officer	$0	$0	$0
JOSEPH LASPADA	Manager	40.00		$0	$0	$0
Michael Luccini	SUPERINTENDENT	40.00		$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	$4,833,604	$4,296,413	$9,336,947	$537,191
2023	$4,187,337	$4,045,494	$8,101,326	$141,843
2022	$4,558,216	$4,045,922	$8,295,673	$512,294
2021	$3,941,922	$3,481,372	$8,096,096	$460,550
2020	$3,589,534	$3,352,672	$7,944,537	$236,862

Franklin Country Club Inc