FRANKLIN UNIVERSITY (EIN 310707369) - 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

1964

Legal Domicile

Principal Officer

Dr David Decker

Phone

6149476002

Tax Period

2023-08-01 to 2024-07-31

FRANKLIN UNIVERSITY, founded in 1964, is a mid-sized nonprofit that reported $94.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $89.2M left a modest 6% surplus.

Mission

Franklin University is a student-centered, nonprofit, independent institution providing high quality, relevant education to enable the broadest possible community of learners to achieve their goals and enrich the world.

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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 $1,121,897

Program Service Revenue $85,911,440

Investment Income $6,901,933

Other Revenue $764,599

TOTAL REVENUE $94,699,869

Expense Breakdown

Grants Paid $13,117,951

Salaries & Benefits $54,360,597

Fundraising Expenses $142,066

Program Expenses $75,543,339

Other Expenses $21,677,902

TOTAL EXPENSES $89,156,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,699,869	$87,653,191	+0.1%
Expenses	$89,156,450	$88,484,231	+0.0%
Net Income	$5,543,419	$-831,040	-7.7%

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

1239

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

$1,812,765

Total Directors

Key Employees

$2,644,496

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr David R Decker	President	55	Officer	$1,378,789	$48,312	$1,427,101
Dr Christopher Washington	Provost and SVP-Academic Affairs	50	Key Emp	$369,620	$53,274	$422,894
Dr Godfrey Mendes	SVP Global Programs & Strategic Initiatives	40	Key Emp	$364,133	$54,740	$418,873
Christi Farley-Cabungcal	Chief of Staff & SVP Administration	40	Key Emp	$368,944	$48,312	$417,256
Rick Sunderman	SVP and Chief Information Officer	40	Key Emp	$336,320	$53,281	$389,601
Dr Marv Briskey	Treasurer/SVP-Chief Financial Officer	40	Officer	$337,349	$48,315	$385,664
Bill Chan	VP-Strategic Alliances	40	Key Emp	$301,198	$40,571	$341,769
Dr Lynnette Rouzer	VP-Student Affairs	40	Key Emp	$300,403	$40,973	$341,376
Carl Brown	VP-Campus Services	40	Key Emp	$266,148	$46,579	$312,727
Dr Patrick Bennett	VP Operations, Franklin Learning Solutions	40	Highest	$258,077	$44,449	$302,526
Randolph Snyder	VP-Financial Services	40	Highest	$238,723	$40,751	$279,474
Dr Alyncia Bowen	Dean, College of Business	40	Highest	$217,007	$30,946	$247,953
Dr Wendell Seaborne	Dean Doctoral Studies and Academic Research	40	Highest	$196,881	$29,251	$226,132
Dr Jonathan W McCombs	Dean, College of Health	40	Highest	$194,703	$20,851	$215,554
Stan Partlow	Chair	2	Officer Director	$0	$0	$0
David White	Vice Chair	2	Officer Director	$0	$0	$0
Ralph Sanese	Secretary	2	Officer Director	$0	$0	$0
Stacey Armstrong	Trustee	2	Director	$0	$0	$0
Jamie Crane	Trustee	2	Director	$0	$0	$0
Mary Duchi	Trustee	2	Director	$0	$0	$0
Phil Fankhauser	Trustee	2	Director	$0	$0	$0
Gary Flynn	Trustee	2	Director	$0	$0	$0
Ted Ford	Trustee	2	Director	$0	$0	$0
Anthony Gonsalves	Trustee	2	Director	$0	$0	$0
Bruce Hagen	Trustee	2	Director	$0	$0	$0
Gary James	Trustee	2	Director	$0	$0	$0
Peter Roche	Trustee	2	Director	$0	$0	$0
Matthew Toussant	Trustee	2	Director	$0	$0	$0
Melissa Gutierrez	Trustee	2	Director	$0	$0	$0
Thomas Shoupe	Trustee	2	Director	$0	$0	$0
Jennifer Thomas	Trustee	2	Director	$0	$0	$0
Pamela Springer	Trustee	2	Director	$0	$0	$0
Bill Balderaz	Trustee	2	Director	$0	$0	$0
Oyauma Garrison	Trustee	2	Director	$0	$0	$0
Carrie Harris-Muller	Trustee	2	Director	$0	$0	$0
Joseph Patrick	Trustee	2	Director	$0	$0	$0
Denise Zabawski	Trustee	2	Director	$0	$0	$0
Valerie Pitteroff	Trustee	2	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
2024	$94,699,869	$89,156,450	$143,856,355	$5,543,419
2023	$87,653,191	$88,484,231	$133,471,037	$-831,040
2022	$89,948,897	$88,006,200	$138,387,629	$1,942,697
2021	$78,032,450	$72,598,140	$146,345,145	$5,434,310
2020	$81,557,070	$86,309,364	$133,627,100	$-4,752,294
2020	$81,557,070	$86,309,364	$133,627,100	$-4,752,294
2019	$73,806,482	$77,835,291	$143,652,888	$-4,028,809
2018	$77,153,579	$73,110,163	$145,395,541	$4,043,416

FRANKLIN UNIVERSITY