Franklin County RACE 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

2004

Legal Domicile

Principal Officer

Lee Elbert

Phone

6414564741

Tax Period

2023-07-01 to 2024-06-30

Franklin County RACE Inc, founded in 2004, is a small nonprofit in the Human Services sector that reported $390K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $621K exceeded revenue, resulting in a 59% operating deficit.

Mission

Community Wellness Center

Program Service Accomplishments

Program 1

Expenses: $620,747 Revenue: $389,608

Operation of community wellness center. Facility provides aquatic, aerobic, & anaerobic excerice equipment and classes. Facilities for court sports (basketball, volleyball, etc.) and community...

Operation of community wellness center. Facility provides aquatic, aerobic, & anaerobic excerice equipment and classes. Facilities for court sports (basketball, volleyball, etc.) and community meeting rooms. The center provided services to approximately 1,250 citizens of Franklin County.

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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 $381,571

Program Service Revenue $0

Investment Income $1,163

Other Revenue $6,874

TOTAL REVENUE $389,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,443

Fundraising Expenses $0

Program Expenses $620,747

Other Expenses $553,304

TOTAL EXPENSES $620,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,608	$679,069	-0.4%
Expenses	$620,747	$450,141	+0.4%
Net Income	$-231,139	$228,928	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lee Elbert	Treasurer(Non-voting)	2.00	Officer	$0	$0	$0
Karl Bollhagen	President	2.00	Officer Director	$0	$0	$0
Shawn Hill	Director	2.00	Director	$0	$0	$0
Rick Janssen	Director	2.00	Director	$0	$0	$0
Eric Wagner	Director	2.00	Director	$0	$0	$0
Chace Klein	Director	2.00	Director	$0	$0	$0
Brandon Grefe	Director	2.00	Director	$0	$0	$0
Renee Loughren	Director	2.00	Director	$0	$0	$0
Kim Price	Non-voting Director	2.00	Director	$0	$0	$0
Chad Johnson	Non-voting Director	2.00	Director	$0	$0	$0
Vanessa Miller	Director	2.00	Director	$0	$0	$0
Sarah Kolb	Director	2.00	Director	$0	$0	$0
Brandon Konfrst	Director	2.00	Director	$0	$0	$0
Todd Miller	Director	2.00	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
2025	No data	No data	No data	No data
2024	$389,608	$620,747	$2,033,972	$-231,139
2023	$679,069	$450,141	$2,270,111	$228,928
2022	$186,764	$291,521	$2,099,784	$-104,757
2021	$182,204	$274,649	$2,140,940	$-92,445
2020	$207,379	$294,616	$2,232,386	$-87,237
2019	$220,490	$295,020	$2,319,622	$-74,530