FRANKLIN TOWNE CHARTER HIGH SCHOOL

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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

2000

Legal Domicile

Principal Officer

FRANK DICIANNI

Phone

2152895000

Tax Period

2022-07-01 to 2023-06-30

FRANKLIN TOWNE CHARTER HIGH SCHOOL, founded in 2000, is a mid-sized nonprofit in the Education sector that reported $23.3M in total revenue in fiscal year 2022. The organization ran a surplus of $5.9M, a strong 25% operating margin.

Mission

BASIC HIGH SCHOOL EDUCATION FOR HIGH SCHOOL STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $13,875,617 Revenue: $17,131,405

FRANKLIN TOWNE CHARTER HIGH SCHOOL IS AN INDEPENDENT CHARTER HIGH SCHOOL WITH THE PRIMARY PURPOSE TO PROVIDE EDUCATION WITH UNIQUE SUPPORT SERVICE TO FACILITATE THIS GOAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,161,133

Program Service Revenue $17,131,405

Investment Income $0

Other Revenue $0

TOTAL REVENUE $23,292,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,066,511

Fundraising Expenses $0

Program Expenses $13,875,617

Other Expenses $6,374,781

TOTAL EXPENSES $17,441,292

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,292,538	$24,090,071	0.0%
Expenses	$17,441,292	$19,122,579	-0.1%
Net Income	$5,851,246	$4,967,492	+0.2%

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

182

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

$532,038

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH VENDITTI LEFT 32023	CEO	40.00	Officer	$285,413	$96,987	$382,400
PATRICK FIELDS	CAO	40.00	Highest	$205,240	$68,839	$274,079
JOSEPH BIANCHINO LEFT 82022	COO TERM	40.00	Highest	$170,282	$20,732	$191,014
EUGENENIA KOO LEFT 82022	DIRECTOR OF	40.00	Highest	$117,877	$39,058	$156,935
SHARMON JAMES	DIR OF STUDE	40.00	Highest	$117,116	$38,603	$155,719
BRIANNA O'DONNELL	CEO	40.00	Officer	$114,946	$34,692	$149,638
ALLAN HALL	IT COORDINAT	40.00	Highest	$141,550	$6,745	$148,295
JOHN CARTY	TREASURER EF	0.50	Officer Director	$0	$0	$0
STEPHANIE CICALESE	MEMBER EFF 2	0.50	Director	$0	$0	$0
JOSEPH COUGHLIN	SECRETARY EF	0.50	Officer Director	$0	$0	$0
FRANK DICIANNI	CHAIRMAN EFF	1.00	Officer Director	$0	$0	$0
JOSEPH A GARBARINO	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
NANCY HARTEY	MEMBER TERM	0.50	Director	$0	$0	$0
WILLIAM MAHER	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
GERALD VOLPE	MEMBER TERM	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$23,292,538	$17,441,292	$50,340,078	$5,851,246
2022	$24,090,071	$19,122,579	$47,616,708	$4,967,492
2021	$21,529,149	$15,469,509	$43,279,535	$6,059,640
2020	$18,459,201	$16,342,621	$39,345,721	$2,116,580
2019	$17,291,164	$15,812,588	$39,204,194	$1,478,576