Franklinton Rising

EIN: 471508832 501(c)(3) Housing & Shelter

Hilliard, OH

Total Revenue
$1,127,725
Total Expenses
$300,720
Total Assets
$2,832,924
Net Assets
$2,151,464
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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
OH
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. Rebuilt units are maintained for rental purposes.

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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%)

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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 $86,338
Fundraising Expenses $0
Program Expenses $282,928
Other Expenses $214,382
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

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Governance

Voting Members
7
Independent Members
7
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
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
$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
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