THE FRANKLIN INSTITUTE (EIN 231370501) - 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

1824

Legal Domicile

Principal Officer

LARRY DUBINSKI

Phone

2154481200

Tax Period

2023-01-01 to 2023-12-31

THE FRANKLIN INSTITUTE, founded in 1824, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $39.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.4M, a strong 21% operating margin.

Mission

IN THE SPIRIT OF INQUIRY AND DISCOVERY EMBODIED BY BENJAMIN FRANKLIN, THE MISSION OF THE FRANKLIN INSTITUTE IS TO INSPIRE A PASSION FOR LEARNING ABOUT SCIENCE AND TECHNOLOGY.

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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 $19,920,726

Program Service Revenue $15,328,047

Investment Income $3,391,023

Other Revenue $958,040

TOTAL REVENUE $39,597,836

Expense Breakdown

Grants Paid $367,693

Salaries & Benefits $13,453,369

Fundraising Expenses $1,731,594

Program Expenses $26,266,172

Other Expenses $17,373,044

TOTAL EXPENSES $31,213,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,597,836	$36,043,314	+0.1%
Expenses	$31,213,719	$28,062,151	+0.1%
Net Income	$8,384,117	$7,981,163	+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

Governance

Voting Members

Independent Members

Employees

218

Volunteers

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

$1,810,184

Total Directors

$897,358

Key Employees

$1,106,237

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY DUBINSKI	PRESIDENT & CEO	37.50	Officer Director	$829,793	$67,565	$897,358
DONALD E MOREL JR PHD	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0
THOMAS LYNCH	CHAIR	1.00	Officer Director	$0	$0	$0
WADE H BERRETTINI MD PHD	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE BODA	TRUSTEE	1.00	Director	$0	$0	$0
RENEE B BOOTH PHD	TRUSTEE	1.00	Director	$0	$0	$0
HALLEE ADELMAN	TRUSTEE	1.00	Director	$0	$0	$0
PETER K CLASSEN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FRANKLIN	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS FRALIC	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH H GEMMILL	TRUSTEE	1.00	Director	$0	$0	$0
GRETE GREENACRE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD HENRIQUES	TRUSTEE	1.00	Director	$0	$0	$0
FRANCES E JENSEN MD FACP	TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN E KELLY	TRUSTEE	1.00	Director	$0	$0	$0
CHARISSE R LILLIE ESQ	TRUSTEE	1.00	Director	$0	$0	$0
IRA M LUBERT	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA K BALDINO	TRUSTEE	1.00	Director	$0	$0	$0
MIRIAM G MANDELL	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA G MARSHALL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER MCISAAC	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT S MCMENAMIN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL OFFIT MD	TRUSTEE	1.00	Director	$0	$0	$0
QUENTIN ROACH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL A INNOCENZO	TRUSTEE	1.00	Director	$0	$0	$0
JOAN N STERN ESQ	TRUSTEE	1.00	Director	$0	$0	$0
ANDREA ANANIA STEWART	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD L YOH III	TRUSTEE	1.00	Director	$0	$0	$0
KAREN ZIMMER MD	TRUSTEE	1.00	Director	$0	$0	$0
THE HONORABLE DARRELL L CLARKE	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
WILLIAM R HITE	TRUSTEE	1.00	Director	$0	$0	$0
THE HONORABLE JAMES F KENNEY	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
THE HONORABLE JOSH SHAPIRO	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
VINCENT AMATULLI	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN BRENNAN-MILLER	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL HAMILTON	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY BUCCI	TRUSTEE	1.00	Director	$0	$0	$0
TOM CARMANICO	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW ZELESKO	TRUSTEE	1.00	Director	$0	$0	$0
SUCHIT BACHALLI	TRUSTEE	1.00	Director	$0	$0	$0
MARK DICHTER	TRUSTEE	1.00	Director	$0	$0	$0
JULIA DRANOFF	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT J MOORE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CORRIGAN	TRUSTEE	1.00	Director	$0	$0	$0
KAREN FLYNN	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA KLOCK	TRUSTEE	1.00	Director	$0	$0	$0
NYLA KONCURAT	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J NEMEROFF	TRUSTEE	1.00	Director	$0	$0	$0
IAN WRIGHT	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
ALLEN W NICHOLSON PHD	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
TONY B WATLINGTON SR EDD	TRUSTEE, EX OFFICIO	1.00	Director	$0	$0	$0
ERIN ARMSTRONG	VP MKT COMM. & DIGITAL MED	37.50	Officer	$229,510	$25,657	$255,167
REBEKAH SASSI	VP EXTERNAL AFFAIRS	37.50	Officer	$259,391	$46,833	$306,224
ELBERT BLACK	DIRECTOR OF FINANCE	37.50	Officer	$156,769	$29,183	$185,952
KEITH DOUGHTY	VP OF FINANCE	37.50	Officer	$153,996	$11,487	$165,483
DARRYL WILLIAMS	SVP OF SCIENCE & EDUCATION & HR	37.50	Key Emp	$292,637	$27,753	$320,390
CHRIS RIZZO	VP OF BUSINESS OPERATIONS	37.50	Key Emp	$206,828	$42,683	$249,511
ABIGAIL BYSSHE	CHIEF EXPERIENCE & STRATEGY OFFICER	37.50	Key Emp	$281,004	$28,057	$309,061
MARK HARMON	VP OF OPERATIONS	37.50	Key Emp	$185,789	$41,486	$227,275
JOY MONTEFUSCO	DIRECTOR OF DIGITAL EDITOR TERM 12/1/23	37.50	Highest	$137,119	$33,286	$170,405
JOSEPH TORRIERI	DIRECTOR OF IT	37.50	Highest	$160,558	$35,496	$196,054
CASEY SATELL	DIRECTOR OF INSTITUTIONAL GIVING	37.50	Highest	$136,605	$28,546	$165,151
DERRICK PITTS	CHIEF ASTRONOMER	37.50	Highest	$138,036	$32,764	$170,800
STEFANIE SANTO	DIRECTOR OF MEDIA RELATIONS & COMMUNICATIONS	37.50	Highest	$128,969	$9,350	$138,319

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	$39,597,836	$31,213,719	$189,649,707	$8,384,117
2022	$36,043,314	$28,062,151	$173,411,426	$7,981,163
2021	$32,040,912	$24,980,303	$191,202,786	$7,060,609
2020	$25,055,602	$26,409,211	$180,641,558	$-1,353,609
2019	$47,708,877	$41,662,901	$166,266,350	$6,045,976
2018	$40,175,651	$38,959,955	$152,099,662	$1,215,696

THE FRANKLIN INSTITUTE