FRANKLIN NEWS FOUNDATION (EIN 264066298) - 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

2009

Legal Domicile

Principal Officer

CHRISTOPHER KRUG

Phone

3123465700

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN NEWS FOUNDATION, founded in 2009, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2023. Expenses of $5.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF FRANKLIN NEWS FOUNDATION IS TO PROMOTE SOCIAL WELFARE AND CIVIL BETTERMENT BY UNDERTAKING PROGRAMS THAT PROMOTE JOURNALISM AND THE EDUCATION OF THE PUBLIC ABOUT CORRUPTION, INCOMPETENCE, FRAUD OR TAXPAYER ABUSE BY ELECTION OFFICIALS AT ALL LEVELS OF GOVERNMENT.

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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 $4,705,392

Program Service Revenue $0

Investment Income $0

Other Revenue $111,294

TOTAL REVENUE $4,816,686

Expense Breakdown

Grants Paid $500

Salaries & Benefits $3,219,978

Fundraising Expenses $251,165

Program Expenses $4,644,792

Other Expenses $2,094,414

TOTAL EXPENSES $5,314,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,816,686	$4,832,019	0.0%
Expenses	$5,314,892	$4,662,599	+0.1%
Net Income	$-498,206	$169,420	-3.9%

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

N/A

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

$443,591

Total Directors

$443,591

Key Employees

$180,819

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER KRUG	PRESIDENT	40.00	Officer Director	$443,591	$0	$443,591
JOHN TILLMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRADLEY WALTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
ERIC SUCHARSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MCCALEB	EXECUTIVE EDITOR	40.00	Key Emp	$180,819	$0	$180,819
COLE LAUTERBACH	EMPLOYEE	40.00	Highest	$108,455	$0	$108,455
JERRY LYLES	EMPLOYEE	40.00	Highest	$128,639	$0	$128,639
LAUREL ABRAHAM	EMPLOYEE	40.00	Highest	$143,761	$0	$143,761

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	$4,816,686	$5,314,892	$901,000	$-498,206
2022	$4,832,019	$4,662,599	$971,409	$169,420
2021	$3,339,789	$3,487,208	$872,831	$-147,419
2020	$2,724,044	$2,716,703	$900,819	$7,341
2019	$2,298,543	$2,034,659	$926,305	$263,884
2018	$1,714,140	$1,651,328	$821,440	$62,812

FRANKLIN NEWS FOUNDATION