FRANKLIN BOULEVARD BUSINESS ASSOCIATION (EIN 680087728) - 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

MIKE BOKAN

Phone

9164552124

Tax Period

2024-07-01 to 2025-06-30

FRANKLIN BOULEVARD BUSINESS ASSOCIATION, founded in 1986, is a small nonprofit that reported $431K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

TO CREATE A CLIMATE IN WHICH BUSINESS AND PROPERTY OWNERS CAN BE SUCCESSFUL BY PROMOTING ECONOMIC DEVELOPMENT AND QUALITY OF LIFE THROUGHOUT THE NORTH FRANKLIN DISTRICT.

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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 $75,163

Program Service Revenue $355,617

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,945

Fundraising Expenses $0

Program Expenses $351,471

Other Expenses $176,394

TOTAL EXPENSES $439,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,780	$319,629	+0.3%
Expenses	$439,339	$363,097	+0.2%
Net Income	$-8,559	$-43,468	-0.8%

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

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

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

$85,904

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BOKAN	Executive Dir.	20.00	Officer	$85,904	$0	$85,904
JORGE PLASCENCIA	President	1.00	Officer Director	$0	$0	$0
BRAD CLARK	Vice President	1.00	Officer Director	$0	$0	$0
FRANK CABLE	Secretary	1.00	Officer Director	$0	$0	$0
CONNIE HERRERA	Treasurer	1.00	Officer Director	$0	$0	$0
ANICETO BALINGIT	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTOR BATOVAC	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIO ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
RENE CORNEJO	BOARD MEMBER	1.00	Director	$0	$0	$0
NATE ELLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY RAMOS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE HANZLIK	BOARD MEMBER	1.00	Director	$0	$0	$0
KEATON RILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
AARON CHONG	BOARD MEMBER	1.00	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	$430,780	$439,339	$266,400	$-8,559
2024	$319,629	$363,097	$273,391	$-43,468
2023	$423,422	$409,298	$310,699	$14,124
2022	$244,198	$257,606	$296,875	$-13,408
2021	$250,434	$208,787	$293,252	$41,647
2020	$264,151	$303,886	$248,554	$-39,735
2019	$239,957	$232,753	$245,521	$7,204

FRANKLIN BOULEVARD BUSINESS ASSOCIATION