FRANKLIN ROAD ACADEMY INC

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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

1973

Legal Domicile

Principal Officer

LAURA TURNER

Phone

6158328845

Tax Period

2023-07-01 to 2024-06-30

FRANKLIN ROAD ACADEMY INC, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $43.0M in total revenue in fiscal year 2023. The organization ran a surplus of $11.6M, a strong 27% operating margin.

Mission

FRANKLIN ROAD ACADEMY PROVIDES A CHALLENGING EDUCATIONAL EXPERIENCE IN AN INCLUSIVE CHRISTIAN COMMUNITY WITH AN UNWAVERING COMMITMENT TO DEVELOP LEADERS OF INTEGRITY AND PURPOSE. WE WILL INSPIRE IN OUR STUDENTS A LIFELONG LOVE OF LEARNING THROUGH A DYNAMIC ACADEMIC PROGRAM WHICH WILL PREPARE THEM FOR SUCCESS IN LIFE; ENCOURAGE STUDENTS TO DISCOVER THEIR PASSIONS THROUGH OPPORTUNITIES IN ACADEMICS, THE ARTS, ATHLETICS, AND SERVANT LEADERSHIP; NURTURE LEADERS OF INTEGRITY, GUIDED BY CHRISTIAN PRINCIPLES, COMPELLED TO LEAD LIVES OF COMPASSIONATE GLOBAL CITIZENSHIP.

Program Service Accomplishments

Program 1

Expenses: $28,748,429 Revenue: $31,278,857

INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES PRE K-12 FOR APPROXIMATELY 1,000 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA...

INSTRUCTIONAL & STUDENT ACTIVITIES - EDUCATION FOR GRADES PRE K-12 FOR APPROXIMATELY 1,000 STUDENTS, INSTRUCTION FOR ATHLETICS, BAND, DAY CARE AND DAY CAMP, AND AUXILIARY ACTIVITIES (CAFETERIA, CONCESSIONS FOR ATHLETIC EVENTS, ANNUAL, BOOKSTORE AND SPECIAL STUDENT ACTIVITIES).

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,347,242

Program Service Revenue $30,988,155

Investment Income $339,718

Other Revenue $312,619

TOTAL REVENUE $42,987,734

Expense Breakdown

Grants Paid $2,120,049

Salaries & Benefits $17,507,364

Fundraising Expenses $1,156,342

Program Expenses $28,748,429

Other Expenses $11,787,151

TOTAL EXPENSES $31,414,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,987,734	$41,015,885	+0.0%
Expenses	$31,414,564	$29,130,575	+0.1%
Net Income	$11,573,170	$11,885,310	0.0%

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

376

Volunteers

280

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

$881,044

Total Directors

Key Employees

$214,171

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY CHASE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ROSEMARY PLORIN	SECRETARY	5.00	Officer Director	$0	$0	$0
JARED ALLEN	TRUSTEE	5.00	Director	$0	$0	$0
PENNY AUSTERMILLER	TRUSTEE	5.00	Director	$0	$0	$0
TOMMY AXFORD	TRUSTEE	5.00	Director	$0	$0	$0
JEB BEASLEY	TRUSTEE	5.00	Director	$0	$0	$0
VICTOR BERRIOS	TRUSTEE	5.00	Director	$0	$0	$0
JESSICA BRACKEN BOYD	TRUSTEE	5.00	Director	$0	$0	$0
SARA ELIZABETH BRADFORD	TRUSTEE	5.00	Director	$0	$0	$0
KARLA CALDERON	TRUSTEE	5.00	Director	$0	$0	$0
MATT CASSEL	TRUSTEE	5.00	Director	$0	$0	$0
FLORENCE CHASSAIGNAC	TRUSTEE	5.00	Director	$0	$0	$0
MATTHEW DENMARK	TRUSTEE	5.00	Director	$0	$0	$0
STEVE HALAS	TRUSTEE	5.00	Director	$0	$0	$0
JAIMIE ROBINSON	TRUSTEE	5.00	Director	$0	$0	$0
ANDREW SOHR	TRUSTEE	5.00	Director	$0	$0	$0
GABRIELLE WESLEY	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD MCRAE III	TRUSTEE	5.00	Director	$0	$0	$0
SEAN CASEY	HEAD OF SCHOOL	60.00	Officer	$583,664	$33,676	$617,340
LAURA TURNER	ASSISTANT HOS FOR FINANCE AND OP	50.00	Officer	$192,352	$71,352	$263,704
RYAN HARRIS	ASSISTANT HOS FOR EXTERNAL AFFAIRS	50.00	Key Emp	$161,901	$52,270	$214,171
RICHARD B WEST	HEAD OF LOWER SCHOOL	40.00	Highest	$155,114	$12,810	$167,924
JUSTIN GEISINGER	HEAD COACH VARSITY FOOTBALL	40.00	Highest	$159,190	$52,777	$211,967
KRISTIN PALMERTON	DIRECTOR OF ATHLETICS	40.00	Highest	$148,741	$17,156	$165,897
JAY SALATO	HEAD OF UPPER SCHOOL	40.00	Highest	$132,088	$16,472	$148,560
CHANNING MCCOLLOUGH CLARK	HEAD OF MIDDLE SCHOOL	40.00	Highest	$123,503	$8,595	$132,098

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	No data	No data	No data	No data
2024	$42,987,734	$31,414,564	$78,573,645	$11,573,170
2023	$41,015,885	$29,130,575	$68,255,755	$11,885,310
2022	$31,732,934	$26,957,071	$57,542,680	$4,775,863
2021	$31,046,189	$24,085,769	$58,128,778	$6,960,420
2020	$27,136,280	$23,257,541	$56,428,521	$3,878,739
2019	$24,758,576	$19,881,591	$47,921,731	$4,876,985
2018	$22,739,253	$18,399,923	$33,648,265	$4,339,330