FRANKLIN AFFORDABLE HOUSING CORP (EIN 610709547) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

JOLIE BROWN

Phone

2705868500

Tax Period

2024-04-01 to 2025-03-31

FRANKLIN AFFORDABLE HOUSING CORP, founded in 2001, is a micro nonprofit in the Housing & Shelter sector that reported $5K in total revenue in fiscal year 2024.

Mission

PROVIDE AND MANAGE LOW-INCOME HOUSING FOR RESIDENTS OF FRANKLIN, KENTUCKY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,200

Investment Income $4,949

Other Revenue $-39,536

TOTAL REVENUE $-5,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,500

Fundraising Expenses $0

Other Expenses $89,988

TOTAL EXPENSES $96,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-5,387	N/A	N/A
Expenses	$96,488	N/A	N/A
Net Income	$-101,875	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$6,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL LOCKHART	CHAIRPERSON	1.00	Director	$1,300	$0	$1,300
VICTOR LEE PORTMAN	Director	1.00	Director	$1,300	$0	$1,300
LARRY SMITH	Director	1.00	Director	$1,300	$0	$1,300
LARRY DIXON	BOARD MEMBER	1.00	Director	$1,300	$0	$1,300
GERALD OGLES	Director	1.00	Director	$1,300	$0	$1,300
JOLIE BROWN	Executive Dir.	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
2025	$-5,387	$96,488	$6,119,741	$-101,875
2024	$299,809	$105,997	$1,962,457	$193,812
2023	$90,521	$96,489	$1,783,633	$-5,968
2022	$498,150	$65,842	$1,808,179	$432,308
2021	$102,174	$18,840	$1,388,482	$83,334
2020	$57,847	$30,497	$568,572	$27,350
2019	$66,573	$24,681	$540,572	$41,892

FRANKLIN AFFORDABLE HOUSING CORP