FRANKLIN ACADEMY (EIN 720691938) - 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

1972

Legal Domicile

Principal Officer

KEVIN MONTGOMERY

Phone

3184359520

Tax Period

2023-08-01 to 2024-07-31

FRANKLIN ACADEMY, founded in 1972, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023.

Mission

PRIVATE SCHOOL

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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 $0

Program Service Revenue $1,069,294

Investment Income $11,880

Other Revenue $188,339

TOTAL REVENUE $1,269,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $844,294

Fundraising Expenses $0

Program Expenses $1,255,302

Other Expenses $411,008

TOTAL EXPENSES $1,255,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,269,513	$1,212,890	+0.0%
Expenses	$1,255,302	$1,201,036	+0.0%
Net Income	$14,211	$11,854	+0.2%

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

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

$26,038

Total Directors

$26,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTY REMORE	TREASURER	40.00	Officer Director	$26,038	$0	$26,038
JERRED ANDERSON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ARIEL CHAPPELLE	BOARD MEMBER	N/A	Director	$0	$0	$0
MANDY FAULK	BOARD MEMBER	N/A	Director	$0	$0	$0
KEVIN MONTGOMERY	PRESIDENT	N/A	Officer Director	$0	$0	$0
JUSTIN ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
COURTNEY WRIGHT	BOARD MEMBER	N/A	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	No data	No data	No data	No data
2024	$1,269,513	$1,255,302	$1,318,941	$14,211
2023	$1,212,890	$1,201,036	$1,353,578	$11,854
2022	$1,185,958	$1,173,180	$1,364,659	$12,778
2021	$1,221,264	$1,047,465	$958,770	$173,799

FRANKLIN ACADEMY