FRANKLIN COUNTY INDUSTRIAL FOUNDATION (EIN 750809311) - 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

1951

Legal Domicile

Principal Officer

JEFF BYRNES

Phone

9035372201

Tax Period

2023-01-01 to 2023-12-31

FRANKLIN COUNTY INDUSTRIAL FOUNDATION, founded in 1951, is a small nonprofit that reported $294K in total revenue in fiscal year 2023. Revenue surged 4960% from the prior year, signaling strong growth momentum. The organization ran a surplus of $258K, a strong 88% operating margin.

Mission

PROMOTING BUSINESS AND ECONOMIC DEVELOPMENT IN FRANKLIN COUNTY, TX

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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 $3,331

Program Service Revenue $0

Investment Income $290,886

Other Revenue $0

TOTAL REVENUE $294,217

Expense Breakdown

Grants Paid $33,254

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,942

Other Expenses $2,688

TOTAL EXPENSES $35,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$294,217	$5,815	+49.6%
Expenses	$35,942	$2,401	+14.0%
Net Income	$258,275	$3,414	+74.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB MCFARLAND	PRESIDENT	0.30	Officer Director	$0	$0	$0
JACK CARLSON	VICE-PRESIDENT	0.30	Officer Director	$0	$0	$0
JEFF BYRNES	TREASURER	0.30	Officer Director	$0	$0	$0
LANDON RAMSAY	SECRETARY	0.30	Officer Director	$0	$0	$0
ROCIO MARTINEZ	EXEC DIRECTOR	0.30	Officer	$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
2024	No data	No data	No data	No data
2023	$294,217	$35,942	$983,694	$258,275
2022	$5,815	$2,401	$725,919	$3,414
2021	$56,075	$2,851	$722,005	$53,224
2020	$3,202	$3,045	$668,781	$157
2019	$6,673	$15,687	$668,624	$-9,014
2018	$7,130	$7,834	$677,638	$-704

FRANKLIN COUNTY INDUSTRIAL FOUNDATION