FRANKLIN-VANCE-WARREN HOUSING OF FRANKLIN COUNTY INC (EIN 561414532) - 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

1986

Legal Domicile

Principal Officer

ABDUL SM RASHEED

Phone

2524920161

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN-VANCE-WARREN HOUSING OF FRANKLIN COUNTY INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $715K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $645K left a modest 10% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

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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 $467,635

Program Service Revenue $252,695

Investment Income $-5,324

Other Revenue $365

TOTAL REVENUE $715,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $613,622

Other Expenses $645,318

TOTAL EXPENSES $645,318

Year-over-Year Comparison

	2024	2023	Change
Revenue	$715,371	$600,357	+0.2%
Expenses	$645,318	$674,340	0.0%
Net Income	$70,053	$-73,983	-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

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
DR TONY COZART	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
TARE DAVIS	1ST VICE CHAIR	4.00	Officer Director	$0	$0	$0
DR RICHARD HENDERSON	TREASURER	4.00	Officer Director	$0	$0	$0
VICTOR HUNT	2ND VICE CHAIR	4.00	Officer Director	$0	$0	$0
AL COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
REV JAMES O VANDERGRIFT	CHAPLAIN	2.00	Director	$0	$0	$0
JOSEPH FOGG	BOARD MEMBER	2.00	Director	$0	$0	$0
SUE HINMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES R JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES SPEED	BOARD MEMBER	2.00	Director	$0	$0	$0
MINNIE VAUGHAN	PARLIAMENTARIAN	2.00	Director	$0	$0	$0
LEO KELLEY	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFRED RICHARDSON	BOARD MEMBER	2.00	Director	$0	$0	$0
SEAN ALSTON	BOARD MEMBER	2.00	Director	$0	$0	$0
LANISHA HINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLYN FAINES	BOARD MEMBER	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	$715,371	$645,318	$1,164,251	$70,053
2024	$600,357	$674,340	$1,009,439	$-73,983
2023	$580,512	$614,070	$1,123,828	$-33,558
2022	$581,622	$548,165	$1,209,066	$33,457
2021	$572,055	$554,978	$1,244,086	$17,077
2020	$533,288	$546,526	$1,284,304	$-13,238
2018	$502,328	$604,106	$1,318,938	$-101,778

FRANKLIN-VANCE-WARREN HOUSING OF FRANKLIN COUNTY INC