Franklinton Rising

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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

2014

Legal Domicile

Principal Officer

Tom Heffner

Phone

6145814125

Tax Period

2024-01-01 to 2024-12-31

Franklinton Rising, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $827K, a strong 73% operating margin.

Mission

to provide workforce development in construction and rebuild blighted housing.

Program Service Accomplishments

Program 1

Expenses: $219,860

During the year 2024, the organization renovated, remodeled, and upgraded blighted buildings in the Franklinton neighborhood. During the year, 219,860 worth of building project had been started. The organization also spent additional 33,185 to purchase land for building project. The amount is capitalized as construction in progress.

Program 2

Expenses: $63,068

Besides the improvements on the blighted buildings, training indoviduals to acquire job skills in construction work is another goal of this organization. The amount spent represents investment on...

Besides the improvements on the blighted buildings, training indoviduals to acquire job skills in construction work is another goal of this organization. The amount spent represents investment on these individuals for training.

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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 $949,840

Program Service Revenue $124,852

Investment Income $53,033

Other Revenue $0

TOTAL REVENUE $1,127,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,838

Fundraising Expenses $0

Program Expenses $282,928

Other Expenses $206,882

TOTAL EXPENSES $300,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,127,725	$530,697	+1.1%
Expenses	$300,720	$249,389	+0.2%
Net Income	$827,005	$281,308	+1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Wathen	Chairman	000.75	Officer Director	$0	$0	$0
Tom Heffner	President	040.00	Officer Director Key Emp	$0	$0	$0
Michael Reidelbach	Treasurer	000.50	Officer Director	$0	$0	$0
Tom Feusse	Trustee	000.50	Director	$0	$0	$0
Todd Alexander	Trustee	000.50	Director	$0	$0	$0
Adrian Fredrick	Trustee	000.50	Director	$0	$0	$0
Francis Wansley	Trustee	000.50	Director	$0	$0	$0
Bob Apel	Trustee	000.50	Director	$0	$0	$0
Suzanne Amstutz	Trustee	000.50	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	$1,127,725	$300,720	$2,832,924	$827,005
2024	$1,127,725	$300,720	$2,832,924	$827,005
2023	$530,697	$249,389	$2,009,769	$281,308
2022	$595,234	$215,244	$2,040,060	$379,990
2021	$434,101	$164,070	$1,539,379	$270,031
2020	$413,789	$136,927	$938,327	$276,862
2019	$371,615	$170,436	$820,610	$201,179
2018	$192,980	$176,374	$568,687	$16,606