Franklin Center Inc (EIN 480917246) - 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

1979

Legal Domicile

Phone

9136472106

Tax Period

2024-01-01 to 2024-12-31

Franklin Center Inc, founded in 1979, is a micro nonprofit in the Recreation & Sports sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $33K exceeded revenue, resulting in a 208% operating deficit.

Mission

Provide programs for local youth via a community center; including cafe and event spaces; youth programs and cooperative spaces

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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 $10,850

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,240

Other Expenses $33,382

TOTAL EXPENSES $33,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,850	$15,073	-0.3%
Expenses	$33,382	$30,712	+0.1%
Net Income	$-22,532	$-15,639	+0.4%

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

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
Amber Booth	Board Member	10.00	Director	$0	$0	$0
Mike King	Board Member	10.00	Director	$0	$0	$0
Max Perez	Board Member	10.00	Director	$0	$0	$0
Jan Thomas	Board Member	10.00	Director	$0	$0	$0
Cristina Perez	Board Member	10.00	Director	$0	$0	$0
Irma Salinas	Board Member	10.00	Director	$0	$0	$0
Kurt Rietema	President	10.00	Officer	$0	$0	$0
Alan Fogleman	Secretary	10.00	Officer	$0	$0	$0
Christopher Philgreen	Chairman	10.00	Officer	$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	$10,850	$33,382	$361,415	$-22,532
2023	$15,073	$30,712	$383,947	$-15,639
2022	$5,000	$31,381	$398,855	$-26,381
2021	$7,600	$41,718	$425,096	$-34,118
2020	$10,098	$32,258	$459,214	$-22,160
2019	$28,189	$50,617	$481,427	$-22,428
2018	$68,121	$61,587	$503,802	$6,534

Franklin Center Inc