DOWNTOWN FRANKLIN ASSOCIATION (EIN 260011687) - 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

2001

Legal Domicile

Principal Officer

VICTOR STORY

Phone

7573045515

Tax Period

2020-07-01 to 2021-06-30

DOWNTOWN FRANKLIN ASSOCIATION, founded in 2001, is a small nonprofit that reported $202K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $233K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROMOTE THE HISTORIC DISTRICT OF FRANKLIN, VA FROM AN ECONOMIC AND AESTHETIC STANDPOINT.

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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 (2020)

Revenue Breakdown

Contributions & Grants $107,120

Program Service Revenue $12,175

Investment Income $2,695

Other Revenue $425

TOTAL REVENUE $122,415

Expense Breakdown

Grants Paid $21,614

Salaries & Benefits $19,583

Fundraising Expenses $0

Program Expenses $73,484

Other Expenses $103,616

TOTAL EXPENSES $144,813

Year-over-Year Comparison

	2020	2019	Change
Revenue	$122,415	$172,782	-0.3%
Expenses	$144,813	$180,598	-0.2%
Net Income	$-22,398	$-7,816	+1.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN HOWE	EXECUTIVE DI	35.00		$0	$19,495	$70,332
KELLY BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
BRIGITTE BRADSHAW	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY COVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
WITT HARPER	DIRECTOR	1.00	Director	$0	$0	$0
ALLIE VARGO	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY WILSON	DIRECTOR	1.00	Director	$0	$0	$0
BENETA COFIELD	TREASURER	1.00	Officer	$0	$0	$0
JACKIE NEWSOME	VICE-PRESIDE	5.00	Officer	$0	$0	$0
VICTOR STORY	PRESIDENT	5.00	Officer	$0	$0	$0
JIM WRIGHT	SECRETARY	1.00	Officer	$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
2021	$122,415	$144,813	$178,609	$-22,398
2020	$172,782	$180,598	$197,366	$-7,816
2019	$201,572	$232,879	$205,334	$-31,307

DOWNTOWN FRANKLIN ASSOCIATION