FRANKLIN CENTER

EIN: 161671503 501(c)(3) Education

GOLDEN VALLEY, MN

Total Revenue
$8,774,196
Total Expenses
$9,292,607
Total Assets
$18,919,532
Net Assets
$15,422,176
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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
2004
Legal Domicile
MN
Principal Officer
KATHERINE SNOW
Phone
9527376900
Tax Period
2024-08-01 to 2025-07-31

FRANKLIN CENTER, founded in 2004, is a community nonprofit in the Education sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

FRANKLIN CENTER TRANSFORMS LIVES BY ADDRESSING THE HOLISTIC ACADEMIC, SOCIAL, EMOTIONAL AND MENTAL HEALTH NEEDS OF THE NEURODIVERSE COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $813,065
Program Service Revenue $7,888,218
Investment Income $61,468
Other Revenue $11,445
TOTAL REVENUE $8,774,196

Expense Breakdown

Grants Paid $480,290
Salaries & Benefits $7,032,848
Fundraising Expenses $308,897
Program Expenses $6,852,039
Other Expenses $1,779,469
TOTAL EXPENSES $9,292,607

Year-over-Year Comparison

2024 2023 Change
Revenue $8,774,196 $7,279,036 +0.2%
Expenses $9,292,607 $7,850,824 +0.2%
Net Income $-518,411 $-571,788 -0.1%
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

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Governance

Voting Members
17
Independent Members
17
Employees
126
Volunteers
60

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
7
$368,174
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE SNOW EXECUTIVE DI 60.00
Officer
$205,314 $9,042 $214,356
MOLLY TELLIJOHN FINANCE DIRE 60.00
Officer
$147,078 $6,740 $153,818
ANDREW COURSIN DIRECTOR OF 40.00
Highest
$117,980 $13,427 $131,407
KIMBERLY STRANDEMO PRINCIPAL 40.00
Highest
$109,774 $212 $109,986
KATHLEEN THORMODSGAARD THERAPY DIRE 40.00
Highest
$102,650 $9,322 $111,972
CHRIS RAHILL BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BOB TIFT VICE CHAIR 1.00
Officer Director
$0 $0 $0
ANDREW LANIK TREASURER 1.00
Officer Director
$0 $0 $0
AKI YOSHINO SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID SALMON TRUSTEE 1.00
Officer Director
$0 $0 $0
STEVE HALL TRUSTEE 1.00
Director
$0 $0 $0
CASEY BURROWS TRUSTEE 1.00
Director
$0 $0 $0
KATHY ELDER TRUSTEE 1.00
Director
$0 $0 $0
TINA LAMB TRUSTEE 1.00
Director
$0 $0 $0
AUDRA WILLIAMS TRUSTEE 1.00
Director
$0 $0 $0
BRENDA FURLOW TRUSTEE 1.00
Director
$0 $0 $0
LEAH SCHELIN TRUSTEE 1.00
Director
$0 $0 $0
DARREN SCHULER TRUSTEE 1.00
Director
$0 $0 $0
MIKE BROWN TRUSTEE 1.00
Director
$0 $0 $0
RAHUL KANSARA TRUSTEE 1.00
Director
$0 $0 $0
APRUVA PATEL TRUSTEE 1.00
Director
$0 $0 $0
MARK ZEMAN TRUSTEE 1.00
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
2025 $8,774,196 $9,292,607 $18,919,532 $-518,411
2024 $7,279,036 $7,850,824 $18,854,617 $-571,788
2023 $8,150,089 $6,367,563 $17,682,086 $1,782,526
2022 $11,015,661 $5,204,299 $21,363,631 $5,811,362
2021 $11,141,204 $3,856,751 $10,374,738 $7,284,453
2020 $3,309,263 $3,090,234 $2,387,838 $219,029
2019 $3,170,515 $2,483,346 $1,909,716 $687,169
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