Franklin Council on Aging Inc (EIN 720793495) - 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

1977

Legal Domicile

Phone

3184357579

Tax Period

2024-07-01 to 2025-06-30

Franklin Council on Aging Inc, founded in 1977, is a small nonprofit in the Civil Rights & Advocacy sector that reported $628K in total revenue in fiscal year 2024. Expenses of $570K left a modest 9% surplus.

Mission

The primary function of the Franklin Council on Aging, Inc. is to improve the quality of life for the parish's elderly and to provide services to the elderly as well as coordinate and monitor the services of other local agencies serving the aging people of the parish.

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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 $608,110

Program Service Revenue $0

Investment Income $19,891

Other Revenue $0

TOTAL REVENUE $628,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,049

Fundraising Expenses $0

Program Expenses $382,566

Other Expenses $268,935

TOTAL EXPENSES $569,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,001	N/A	N/A
Expenses	$569,984	N/A	N/A
Net Income	$58,017	N/A	N/A

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

Total Directors

$57,043

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kay Thompson	Executive Dir.	40.00	Director	$57,043	$0	$57,043
WG Arnold	Director	0.00	Director	$0	$0	$0
Cheryl Daniels	Director	0.00	Director	$0	$0	$0
Shirlene Spears	Director	0.00	Director	$0	$0	$0
Violet Temple	Secretary	0.00	Director	$0	$0	$0
Danny Remore	Director	0.00	Director	$0	$0	$0
Charlie Ray Jennings	Director	0.00	Director	$0	$0	$0
Lois Jordan	Vice President	0.00	Director	$0	$0	$0
Sue Perry	Director	0.00	Director	$0	$0	$0
Debra Parker	President	0.00	Director	$0	$0	$0
Joyce Harrington	Director	0.00	Director	$0	$0	$0
Jimmy Harper	Director	0.00	Director	$0	$0	$0
Kay Payne	Director	0.00	Director	$0	$0	$0
Bill Hendrix	Director	0.00	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	$628,001	$569,984	$554,758	$58,017
2024	$594,256	$576,004	$482,813	$18,252
2023	$513,048	$587,881	$459,930	$-74,833
2022	$528,754	$588,560	$544,239	$-59,806
2021	$481,476	$533,601	$541,304	$-52,125
2020	$458,314	$446,161	$587,341	$12,153
2019	$353,641	$381,687	$575,753	$-28,046

Franklin Council on Aging Inc