FRANKLIN HERITAGE INC

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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

1983

Legal Domicile

Principal Officer

ROBERT SHILTS

Phone

3177366823

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN HERITAGE INC, founded in 1983, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND ENCOURAGE INTEREST IN HISTORIC RESIDENTIAL AND COMMERCIAL REAL PROPERTY IN JOHNSON COUNTY, INDIANA.

Program Service Accomplishments

Program 1

Expenses: $669,227 Revenue: $599,267

PROMOTION AND ENCOURAGEMENT OF INTEREST IN HOMES, BUILDINGS, PROPERTIES, HISTORY AND HERITAGE OF FRANKLIN AND THE JOHNSON COUNTY INDIANA AREA.

Program 2

ACQUISITION AND RESALE OF SITES, STRUCTURES OR ARTIFACTS WHICH ARE OF HISTORIC, ARCHEOLOGICAL OR ARCHITECTURAL VALUE IN JOHNSON COUNTY, INDIANA.

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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 $362,101

Program Service Revenue $547,744

Investment Income $2,804

Other Revenue $398,400

TOTAL REVENUE $1,311,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,757

Fundraising Expenses $7,591

Program Expenses $669,227

Other Expenses $935,859

TOTAL EXPENSES $1,437,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,311,049	$1,300,040	+0.0%
Expenses	$1,437,616	$1,130,044	+0.3%
Net Income	$-126,567	$169,996	-1.7%

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

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

$65,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SHILTS	EXECUTIVE DI	40.00	Officer	$65,107	$0	$65,107
JESSICA GILES	BOARD MEMBER	0.25	Director	$0	$0	$0
KRISTA LINKE	BOARD MEMBER	0.25	Director	$0	$0	$0
JANETTE KOON	BOARD MEMBER	0.25	Director	$0	$0	$0
BETSY DUSOLD	BOARD MEMBER	0.50	Director	$0	$0	$0
WENDY SHULER	BOARD MEMBER	0.25	Director	$0	$0	$0
JACOB SAPPENFIELD	BOARD MEMBER	0.25	Director	$0	$0	$0
CONNIE HILL	BOARD MEMBER	0.25	Director	$0	$0	$0
MARTIN BIELAWSKI	PRESIDENT	0.50	Officer Director	$0	$0	$0
ANDREW WELLER	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
GREG QUAGLIARA	SECRETARY	0.50	Officer Director	$0	$0	$0
MARILYN WELLS	TREASURER	0.75	Officer 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	No data	No data	No data	No data
2023	$1,311,049	$1,437,616	$1,336,530	$-126,567
2022	$1,300,040	$1,130,044	$1,507,291	$169,996
2021	$1,206,235	$915,825	$1,475,352	$290,410
2020	$822,979	$718,434	$1,027,791	$104,545