FRANKLINTON DEVELOPMENT ASSOCIATION (EIN 311380384) - 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

1993

Legal Domicile

Principal Officer

CARLIE BOOS

Phone

6142754988

Tax Period

2023-01-01 to 2023-12-31

FRANKLINTON DEVELOPMENT ASSOCIATION, founded in 1993, is a small nonprofit in the Community Improvement sector that reported $868K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $152K, a strong 17% operating margin.

Mission

THE FRANKLINTON DEVELOPMENT ASSOCIATION IS A COMMUNITY DEVELOPMENT COPORATION FORMED TO LEAD THE REVITALIZATION OF THE FRANKLINTON NEIGHBORHHOOD OF COLUMUBS OHIO THROUGH THE CREATION OF AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT FOR ECONOMIC GROWTH.

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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 $484,560

Program Service Revenue $380,766

Investment Income $2,287

Other Revenue $0

TOTAL REVENUE $867,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,053

Fundraising Expenses $0

Program Expenses $593,617

Other Expenses $503,739

TOTAL EXPENSES $715,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,613	$576,639	+0.5%
Expenses	$715,792	$534,002	+0.3%
Net Income	$151,821	$42,637	+2.6%

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

$98,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLIE BOOS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN YOUNGMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT LOONEY	TREASURER	1.00	Officer Director	$0	$0	$0
SARAH POSTEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SONJA NELSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN THORNE	TRUSTEE	1.00	Director	$0	$0	$0
KELAN CRAIG	TRUSTEE	1.00	Director	$0	$0	$0
ERIC SKIDMORE	EXECUTIVE DI	40.00	Officer	$98,000	$0	$98,000

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	$867,613	$715,792	$8,627,575	$151,821
2022	$576,639	$534,002	$7,750,057	$42,637
2021	$565,534	$457,710	$6,206,426	$107,824
2020	$594,698	$451,664	$6,880,640	$143,034
2019	$512,341	$503,211	$5,883,313	$9,130
2018	$394,090	$539,790	$4,957,962	$-145,700

FRANKLINTON DEVELOPMENT ASSOCIATION