THE 470 FRANKLIN PROJECT INC (EIN 161191388) - 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

1981

Legal Domicile

Principal Officer

DOUGLAS DIGESARE

Phone

7164581895

Tax Period

2023-01-01 to 2023-12-31

THE 470 FRANKLIN PROJECT INC, founded in 1981, is a small nonprofit that reported $142K in total revenue in fiscal year 2023. Net assets of $332K represent 28 months of operating reserves.

Mission

THE CORPORATION OPERATES 2 HUD HOMES IN CLARENCE AND HAMBURG, NY, WHICH PROVIDES FOR RESIDENTIAL ROOM AND BOARD FOR 10 DEVELOPMENTALLY DISABLED ADULTS FOR EACH HOUSE - TOTAL OF 20. PROGRAMS DESIGNED TO ASSIST THE RESIDENTS IN BECOMING INDEPENDENT AND PRODUCTIVE MEMBERS OF THE COMMUNITY ARE LICENSED AND FUNDED THROUGH THE NYS OPWDD. THE COMBINATION OF THE PROGRAMS AND THE ROOM AND BOARD COMPONENTS ARE INTEGRAL TO THE QUALITY OF LIFE FOR THE INDIVIDUALS SERVED THROUGH THE PROGRAM.

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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 $142,016

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $155,359

Other Expenses $155,359

TOTAL EXPENSES $155,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,016	$136,830	+0.0%
Expenses	$155,359	$157,162	0.0%
Net Income	$-13,343	$-20,332	-0.3%

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

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

$706,899

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK YOUNG	CHAIRMAN	0.50	Officer Director	$0	$0	$0
KEVIN O'LEARY	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
DR SHANE GRANT	RECORDING SECRETARY	0.50	Officer Director	$0	$0	$0
MOLLY DAETSCH HUGAR	TREASURER	0.50	Officer Director	$0	$0	$0
AMY THEW	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
PATRICIA A JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
SCHUYLER A BANKS	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN SHANAHAN BECKER ESQ	DIRECTOR	0.50	Director	$0	$0	$0
HANNAH BRECHER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SHUTE	DIRECTOR	0.50	Director	$0	$0	$0
GLEN WETZL	DIRECTOR	0.50	Director	$0	$0	$0
VERONICA KOLLER	DIRECTOR	0.50	Director	$0	$0	$0
ERIC GALDYS	DIRECTOR	0.50	Director	$0	$0	$0
PETER J MARTIN ESQ	ASSISTANT TREASURER	0.50	Officer Director	$0	$0	$0
OLGA M RICO-ARMESTO	DIRECTOR	0.50	Director	$0	$0	$0
DR ANDREW COVEY	DIRECTOR	0.50	Officer Director	$0	$0	$0
KYLE CAVALIERI	DIRECTOR	0.50	Director	$0	$0	$0
JAMES HETTICH	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS DIGESARE	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$8,757	$259,258
LORI BRIEN	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$0	$144,841
LISSA CARROLL	CHIEF HUMAN RESOURCE OFFIC	0.50	Officer	$0	$6,890	$156,245
MICHELLE CORDERO	CHIEF OPERATING OFFICER	0.50	Officer	$0	$0	$146,555

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	No data	No data	No data	No data
2023	$142,016	$155,359	$683,440	$-13,343
2022	$136,830	$157,162	$641,977	$-20,332
2021	$134,327	$131,052	$627,978	$3,275
2020	$133,458	$120,709	$615,593	$12,749
2019	$123,231	$113,027	$543,124	$10,204
2018	$282,961	$108,361	$522,761	$174,600

THE 470 FRANKLIN PROJECT INC