FRANKLIN CLASSICAL SCHOOL

EIN: 621637576 501(c)(3) Education

FRANKLIN, TN

Total Revenue
$3,514,078
Total Expenses
$2,673,141
Total Assets
$3,426,510
Net Assets
$2,542,740
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TN
Principal Officer
NICHOLAS JONES
Phone
6155955337
Tax Period
2024-07-01 to 2025-06-30

FRANKLIN CLASSICAL SCHOOL, founded in 1992, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $841K, a strong 24% operating margin.

Mission

THE MISSION OF THE FRANKLIN CLASSICAL SCHOOL IS TO PROVIDE A BIBLICALLY- BASED EDUCATION THAT IS BOTH ACADEMICALLY EXCELLENT AND SPIRITUALLY VITAL TO ENABLE YOUNG MEN AND WOMEN TO KNOW AND SERVE THE LORD JESUS CHRIST AND TO TRANSFORM FAMILIES, INSTITUTIONS, AND NATIONS FOR THE GLORY OF GOD.

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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 $721,805
Program Service Revenue $2,677,199
Investment Income $112,979
Other Revenue $2,095
TOTAL REVENUE $3,514,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,540,013
Fundraising Expenses $31,695
Program Expenses $2,177,259
Other Expenses $1,133,128
TOTAL EXPENSES $2,673,141

Year-over-Year Comparison

2024 2023 Change
Revenue $3,514,078 $3,142,370 +0.1%
Expenses $2,673,141 $2,918,457 -0.1%
Net Income $840,937 $223,913 +2.8%
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

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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
8
Independent Members
8
Employees
51
Volunteers
40

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
2
$0
Total Directors
10
$71,232
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICHOLAS JONES CHAIR 5.00
Officer Director
$0 $0 $0
PETE STRAYER VICE CHAIR 5.00
Officer Director
$0 $0 $0
JULIE BIANCHERI BOARD MEMBER 5.00
Director
$0 $0 $0
NIC LANE BOARD MEMBER 5.00
Director
$0 $0 $0
TONY LUPESCU BOARD MEMBER 5.00
Director
$0 $0 $0
BLAIR BLAIR BOARD MEMBER 5.00
Director
$0 $0 $0
GRETCHEN MINARD BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH HURT BOARD MEMBER 5.00
Director
$0 $0 $0
GINNY YOUNG BOARD MEMBER 5.00
Director
$0 $0 $0
THOMAS CARSON III HEADMASTER 40.00
Director
$57,850 $13,382 $71,232
MELINDA MAHAND ACADEMIC DEA 40.00
Highest
$103,000 $10,659 $113,659
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 $3,514,078 $2,673,141 $3,426,510 $840,937
2024 $3,142,370 $2,918,457 $2,585,429 $223,913
2023 $3,131,015 $2,713,588 $2,339,233 $417,427
2022 $3,546,318 $2,589,091 $2,213,588 $957,227
2021 $2,428,334 $2,188,120 $1,115,120 $240,214
2020 $2,268,919 $1,760,616 $447,014 $508,303
2019 $1,944,932 $1,880,803 $242,987 $64,129
2018 $1,754,414 $1,807,224 $128,870 $-52,810
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