FRANKLIN MINT FEDERAL CREDIT UNION FOUNDATION INC (EIN 260413862) - 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

2007

Legal Domicile

Principal Officer

MICHAEL MAGNAVITA

Phone

4842591880

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN MINT FEDERAL CREDIT UNION FOUNDATION INC, founded in 2007, is a small nonprofit in the Education sector that reported $613K in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $429K, a strong 70% operating margin.

Mission

CHARITABLE ARM OF FRANKLIN MINT FEDERAL CU MISSION TO SUPPORT CHARITABLE CAUSES AND EDUCATION.

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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 $505,578

Program Service Revenue $35,641

Investment Income $0

Other Revenue $71,470

TOTAL REVENUE $612,689

Expense Breakdown

Grants Paid $101,326

Salaries & Benefits $8,775

Fundraising Expenses $0

Program Expenses $179,311

Other Expenses $73,141

TOTAL EXPENSES $183,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$612,689	$412,362	+0.5%
Expenses	$183,242	$143,596	+0.3%
Net Income	$429,447	$268,766	+0.6%

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
DR HARRY J JAMISON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA ROLSTON	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL B MAGNAVITA	TREASURER	1.00	Officer Director	$0	$0	$0
DR LOIS SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
DR JOSEPH O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KATE MCGEEVER	DIRECTOR	1.00	Director	$0	$0	$0
DR GEORGE STEINHOFF	DIRECTOR	1.00	Director	$0	$0	$0
SHONETTE CAREW	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD V DURANTE JR	EXECUTIVE DIRECTOR	16.00	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
2024	No data	No data	No data	No data
2023	$612,689	$183,242	$996,265	$429,447
2022	$412,362	$143,596	$581,818	$268,766
2021	$146,631	$80,286	$298,052	$66,345
2020	$42,137	$60,731	$231,707	$-18,594
2019	$105,611	$118,950	$250,301	$-13,339
2018	$31,081	$80,352	$263,640	$-49,271

FRANKLIN MINT FEDERAL CREDIT UNION FOUNDATION INC