FRANKLIN-WRIGHT SETTLEMENTS INC (EIN 381845857) - 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

1967

Legal Domicile

Principal Officer

MONIQUE D MARKS

Phone

3135791000

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN-WRIGHT SETTLEMENTS INC, founded in 1967, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023.

Mission

FRANKLIN-WRIGHT SETTLEMENTS, INC. IS A DETROIT NEIGHBORHOOD HUMAN SERVICES ORGANIZATION EXISTING TO ASSIST INDIVIDUALS, FAMILIES, GROUPS, AND THE COMMUNITY WITH BASIC LIFE, FAMILY, AND SOCIAL NEEDS. EMBRACING THE SETTLEMENT HOUSE PHILOSOPHY, A MULTI-SERVICE HOLISTIC APPROACH IN COOPERATION WITH THE COMMUNITY, THE ORGANIZATION FOCUSES ON THE PREVENTION, TREATMENT, AND AMELIORATION OF SOCIAL PROBLEMS THROUGH ADVOCACY, PROGRAMS, PROJECTS, ACTIVITIES, SERVICES, AND FACILITIES. THE ENDURING STRENGTH OF THE ORGANIZATION LIES IN FLEXIBLE, RESPONSIVE PROGRAMS THAT RECOGNIZE ONGOING BASIC NEEDS, DESPITE CHANGING SOCIETAL PRIORITIES AND FUNDING.

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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 $4,101,007

Program Service Revenue $0

Investment Income $155,324

Other Revenue $586,488

TOTAL REVENUE $4,842,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,539,089

Fundraising Expenses $95,038

Program Expenses $4,633,860

Other Expenses $1,690,339

TOTAL EXPENSES $5,229,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,842,819	$4,676,667	+0.0%
Expenses	$5,229,428	$4,445,262	+0.2%
Net Income	$-386,609	$231,405	-2.7%

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

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

$320,943

Total Directors

$320,943

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE MARKS	PRESIDENT AND C.E.O.	40.00	Officer Director	$320,943	$0	$320,943
DR KENNETH HARRIS	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL VAN TULL	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KIMBERLY B DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
LEONARD ALFRED III	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLENA ECHOLS	TRUSTEE	1.00	Director	$0	$0	$0
HALI GIESSLER	TRUSTEE	1.00	Director	$0	$0	$0
DR PRISCILLA HINES	TRUSTEE	1.00	Director	$0	$0	$0
MISSIONARY HATTIE HUMPHREY	TRUSTEE	1.00	Director	$0	$0	$0
HON TEOLA HUNTER	TRUSTEE	1.00	Director	$0	$0	$0
CATHY NEDD	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE A NICHOLSON III	TRUSTEE	1.00	Director	$0	$0	$0
DAN PITERA	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA DOLL RUSH	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN SPENCER	TRUSTEE	1.00	Director	$0	$0	$0
DR E'LOIS THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
TARENCE WHEELER	TRUSTEE	1.00	Director	$0	$0	$0
YVONNE YOUNG	TRUSTEE	1.00	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	$4,842,819	$5,229,428	$9,349,024	$-386,609
2022	$4,676,667	$4,445,262	$9,360,023	$231,405
2021	$4,192,015	$3,738,994	$9,910,725	$453,021
2020	$4,051,405	$3,699,891	$9,249,608	$351,514
2019	$3,607,469	$3,812,769	$8,687,462	$-205,300
2018	$3,712,710	$3,750,749	$8,325,722	$-38,039
2018	$3,676,081	$3,693,856	$8,282,753	$-17,775

FRANKLIN-WRIGHT SETTLEMENTS INC