FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC (EIN 134311862) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

KARL HECK

Phone

7575621958

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $446K in total revenue in fiscal year 2018. Net assets of $1.4M represent 37 months of operating reserves.

Mission

TO PROMOTE, MARKET, AND OVERSEE DEVELOPMENT ACTIVITIES FOR THE CITY OF FRANKLIN AND SOUTHAMPTON COUNTY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $398,750

Program Service Revenue $0

Investment Income $39,136

Other Revenue $250

TOTAL REVENUE $438,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $292,252

Fundraising Expenses $0

Program Expenses $470,444

Other Expenses $259,471

TOTAL EXPENSES $551,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,136	$449,138	0.0%
Expenses	$551,723	$495,513	+0.1%
Net Income	$-113,587	$-46,375	+1.4%

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

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

$99,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHALL RABIL	TREASURER	1.00	Officer Director	$0	$0	$0
MEGHAN COUNCILL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT POPE	SECRETARY	1.00	Director	$0	$0	$0
BRIAN HEDGEPETH	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILL HOLT	DIRECTOR	1.00	Director	$0	$0	$0
KARL HECK	PRESIDENT	40.00	Officer	$97,000	$2,910	$99,910

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
2025	$438,136	$551,723	$1,093,648	$-113,587
2024	$449,138	$495,513	$1,197,978	$-46,375
2023	$388,962	$450,990	$1,240,197	$-62,028
2022	$406,765	$478,456	$1,287,926	$-71,691
2021	$703,357	$596,732	$1,359,596	$106,625
2019	$446,275	$475,499	$1,406,337	$-29,224

FRANKLIN SOUTHAMPTON ECONOMIC DEVELOPMENT INC