FRANKLIN TOMORROW INC

EIN: 621821869 501(c)(3) Education

FRANKLIN, TN

Total Revenue
$373,443
Total Expenses
$341,807
Total Assets
$273,662
Net Assets
$257,264
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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
2000
Legal Domicile
TN
Principal Officer
MINDY TATE
Phone
6157940998
Tax Period
2024-01-01 to 2024-12-31

FRANKLIN TOMORROW INC, founded in 2000, is a small nonprofit in the Education sector that reported $373K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $342K left a modest 8% surplus.

Mission

WE ENGAGE THE COMMUNITY, FOSTER COLLABORATION AND AVOCATE FOR A SHARED VISION FOR THE FUTURE OF FRANKLIN, TENNESSEE. THAT SHARED VISION INCLUDES A VIBRANT ECONOMY, GREAT PEOPLE, DISTINCT CHARACTER, AND ROBUST NEIGHBORHOODS.

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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 $270,597
Program Service Revenue $0
Investment Income $11,486
Other Revenue $91,360
TOTAL REVENUE $373,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,512
Fundraising Expenses $90,796
Program Expenses $221,338
Other Expenses $169,295
TOTAL EXPENSES $341,807

Year-over-Year Comparison

2024 2023 Change
Revenue $373,443 $311,917 +0.2%
Expenses $341,807 $298,655 +0.1%
Net Income $31,636 $13,262 +1.4%
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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Governance

Voting Members
23
Independent Members
23
Employees
2
Volunteers
50

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
5
$87,779
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE BRADLEY VICE CHAIR OF PROGRAMS 1.00
Officer Director
$0 $0 $0
GREG FREEZE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT BERNICK DIRECTOR 1.00
Director
$0 $0 $0
MARY MICHAEL CROSS DIRECTOR 1.00
Director
$0 $0 $0
APRIL EATON DIRECTOR 1.00
Director
$0 $0 $0
TERESA ASHWORTH HARRIS BOARD CHAIR 1.00
Director
$0 $0 $0
ADAM HICKS DIRECTOR 1.00
Director
$0 $0 $0
CASSIE JONES VICE CHAIR OF MARKETING 1.00
Officer Director
$0 $0 $0
PEGGY KIDD VICE CHAIR OF OUTREACH 1.00
Officer Director
$0 $0 $0
DIANE LEBLANC DIRECTOR 1.00
Officer Director
$0 $0 $0
TRAVIS LESTER DIRECTOR 1.00
Director
$0 $0 $0
JESSICA LUCYSHYN DIRECTOR 1.00
Director
$0 $0 $0
AMY HILTON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINA CHRISTIANSEN DIRECTOR 1.00
Director
$0 $0 $0
DORIS MCMILLAN DIRECTOR 1.00
Director
$0 $0 $0
CATHY CLARK PERRY DIRECTOR 1.00
Director
$0 $0 $0
RENEE SHAFER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN SHUN DIRECTOR 1.00
Director
$0 $0 $0
ELAINE WHITNEY DIRECTOR 1.00
Director
$0 $0 $0
JOE JENSEN DIRECTOR 1.00
Director
$0 $0 $0
LYNNE MCALISTER DIRECTOR 1.00
Director
$0 $0 $0
CLAY PERRY DIRECTOR 1.00
Director
$0 $0 $0
MICHELE SIMPSON DIRECTOR 1.00
Director
$0 $0 $0
MINDY TATE CHIEF EXECUTIVE OFFICER 40.00
Officer
$87,779 $0 $87,779
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 $373,443 $341,807 $273,662 $31,636
2023 $311,917 $298,655 $330,368 $13,262
2022 $365,582 $337,514 $249,761 $28,068
2022 $355,582 $327,514 $249,761 $28,068
2021 $320,513 $268,382 $193,342 $52,131
2020 $217,320 $202,777 $204,432 $14,543
2019 $203,531 $194,958 $123,874 $8,573
2018 $195,719 $199,839 $115,301 $-4,120
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