Franklinton Board of Trade

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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

2000

Legal Domicile

Phone

6143982435

Tax Period

2024-01-01 to 2024-12-31

Franklinton Board of Trade, founded in 2000, is a small nonprofit in the Human Services sector that reported $633K in total revenue in fiscal year 2024. Expenses of $613K left a modest 3% surplus.

Mission

A neighborhood based, not-for-profit, business organization committed to identifying and responding to the changing needs and concerns of the business community in Franklinton. We strive to make Franklinton a better place to work, shop, and live through the enhancement of its institutions, business retention, development, and expansion. Fostering job creation, plus partnering with community organizations on projects to fulfill our responsibilities to the community.

Program Service Accomplishments

Program 1

Expenses: $439,962

Franklinton Special Improvement District FSID- Services performed with funding from FSID in 2024 include providing Cleaning and Safety Ambassador teams which support small businesses within...

Franklinton Special Improvement District FSID- Services performed with funding from FSID in 2024 include providing Cleaning and Safety Ambassador teams which support small businesses within Franklinton by making the community cleaner, safer, and more connected. Since the start of the Special Improvements District 291,175 pounds of trash/waste, 255,472 pounds of organic material, 84,370 pounds of dirt and gravel, and 1,352 tires have been gathered and removed for disposal. The Safety Ambassador team initiated responses and answered calls for help. Initiating and fostering community relations and providing a security presence. Assisting small businesses and the community with trespassing, theft prevention, disorderly conduct, safety escorts and other services.

Program 2

Expenses: $23,241

Cleaner Columbus Program including Alley Grant- Using funds from the CARES Act provided by the City of Columbus utilize independent contractors to clean up trash from alley ways in particular in the Franklinton area. Since the beginning of 2023, alley cleaning and streets and sidewalk cleaning has collected over 197,050 pounds of trash, 107,160 pounds of yard waste, 156 tires, and an additional 2,686 bags of trash.

Program 3

Expenses: $18,046

Songs on Sullivant provides a community caroling event for the Holidays for children and adults.

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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 $202,985

Program Service Revenue $436,437

Investment Income $979

Other Revenue $-7,615

TOTAL REVENUE $632,786

Expense Breakdown

Grants Paid $23,780

Salaries & Benefits $130,671

Fundraising Expenses $40,494

Program Expenses $539,427

Other Expenses $458,135

TOTAL EXPENSES $612,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,786	$653,580	0.0%
Expenses	$612,586	$595,045	+0.0%
Net Income	$20,200	$58,535	-0.7%

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

$99,467

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trent Smith	Executive Dir.	40.00	Officer	$99,467	$0	$99,467
Kathy Gatterdam	Trustee	0.50	Director	$0	$0	$0
Jason Koma	Trustee	0.50	Director	$0	$0	$0
Jeff Mohrman	Vice President	1.50	Officer Director	$0	$0	$0
Tom Palmer	Trustee	0.50	Director	$0	$0	$0
Michael Amerine	President	1.50	Officer Director	$0	$0	$0
Amanda McVey	Treasurer	1.50	Officer Director	$0	$0	$0
Chakeyla Anderson	Trustee	0.50	Director	$0	$0	$0
Michael Pappas	Secretary	1.50	Officer Director	$0	$0	$0
Anna Truex	Trustee	0.50	Director	$0	$0	$0
Heather Ulrey	Trustee	0.50	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	$632,786	$612,586	$193,757	$20,200
2023	$653,580	$595,045	$173,376	$58,535
2022	$315,077	$282,755	$117,114	$32,322
2021	$210,375	$178,080	$82,466	$32,295
2020	$196,069	$221,489	$60,613	$-25,420
2019	$177,996	$141,217	$75,591	$36,779