FRANKLIN CAREER INSTITUTE (EIN 113408254) - 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

1997

Legal Domicile

Principal Officer

RICHARD C CRANCE

Tax Period

2017-07-01 to 2018-06-30

FRANKLIN CAREER INSTITUTE, founded in 1997, is a small nonprofit that reported $917K in total revenue in fiscal year 2017. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 151% operating deficit.

Mission

TRAINING LOW INCOME INDIVIDUALS

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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 (2017)

Revenue Breakdown

Contributions & Grants $916,638

Program Service Revenue $0

Investment Income $411

Other Revenue $0

TOTAL REVENUE $917,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,069,547

Fundraising Expenses $0

Program Expenses $1,835,692

Other Expenses $1,232,722

TOTAL EXPENSES $2,302,269

Year-over-Year Comparison

	2017	2016	Change
Revenue	$917,049	$3,283,089	-0.7%
Expenses	$2,302,269	$3,240,066	-0.3%
Net Income	$-1,385,220	$43,023	-33.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA HARTMAN	CHIEF FINANCIAL OFFICER	20.00	Officer Director	$0	$0	$0
ALEIDA I CRANCE	SECRETARY	5.00	Director	$0	$0	$0
RICHARD C CRANCE	PRESIDENTCHIEF EXECUTIVE OFF	20.00	Officer Director	$0	$0	$0
KENNETH PRECHTEL	VICE PRESIDENT	5.00	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
2018	$917,049	$2,302,269	$66,947	$-1,385,220

FRANKLIN CAREER INSTITUTE