FRANKLIN ACADEMY FOUNDATION INC (EIN 272123983) - 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

2006

Legal Domicile

Principal Officer

DR DAVID THOMAS

Phone

9547457601

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN ACADEMY FOUNDATION INC, founded in 2006, is a major nonprofit in the Education sector that reported $114.8M in total revenue in fiscal year 2024. Expenses of $105.6M left a modest 8% surplus.

Mission

TO CREATE LIFE-LONG LEARNERS BY DEVELOPING CRITICAL THINKING SKILLS AND PROMOTING HIGH LEVELS OFACADEMIC ACHIEVEMENT IN STUDENTS, WHILE MEETING THE BENCHMARKS OF A STANDARDSBASED CURRICULUM UTILIZING VARIED RESEARCH-BASED INSTRUCTIONAL STRATEGIES, TECHNOLOGIES, AND MEDIA, WITH AN EMPHASIS ON CHARACTER DEVELOPMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $105,893,449

Program Service Revenue $7,875,204

Investment Income $396,842

Other Revenue $612,449

TOTAL REVENUE $114,777,944

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,201,714

Fundraising Expenses $0

Program Expenses $97,473,569

Other Expenses $55,366,258

TOTAL EXPENSES $105,567,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,777,944	$117,695,471	0.0%
Expenses	$105,567,972	$99,700,246	+0.1%
Net Income	$9,209,972	$17,995,225	-0.5%

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

1057

Volunteers

14200

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

$227,531

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID THOMAS	CHAIR, DIRECTOR	1.00	Officer Director	$0	$0	$0
DR JACQUELINE GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH ORSHEFSKY	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRA LONSDALE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT E SZNITKEN	EXECUTIVE DIRECTOR	40.00	Key Emp	$200,531	$27,000	$227,531
DANIEL SANDBERG	SUPERINTENDENT OF SCHOOLS	40.00	Highest	$182,974	$6,000	$188,974
ELENA DIAZ	SCHOOL PRINCIPAL	40.00	Highest	$156,665	$3,600	$160,265
SERGIO DELGADO	SCHOOL PRINCIPAL	40.00	Highest	$142,459	$2,400	$144,859
ALEXNDRA E FOX	SCHOOL PRINCIPAL	40.00	Highest	$137,571	$3,461	$141,032
DIANE SHOWALTER	SCHOOL PRINCIPAL	40.00	Highest	$122,287	$2,749	$125,036

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	$114,777,944	$105,567,972	$220,465,562	$9,209,972
2024	$117,695,471	$99,700,246	$214,408,039	$17,995,225
2023	$90,679,469	$93,386,024	$200,927,319	$-2,706,555
2022	$83,546,257	$81,322,019	$201,426,432	$2,224,238
2021	$74,444,434	$70,146,719	$150,181,265	$4,297,715
2019	$67,970,100	$70,675,351	$55,289,185	$-2,705,251
2018	$64,720,785	$68,394,447	$55,558,445	$-3,673,662

FRANKLIN ACADEMY FOUNDATION INC