FRIENDS OF FRANKLIN PARKS INC (EIN 810993195) - 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

2016

Legal Domicile

Principal Officer

KATIE SPENCE

Phone

6156745388

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF FRANKLIN PARKS INC, founded in 2016, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $873K, a strong 65% operating margin.

Mission

THE MISSION OF FRIENDS OF FRANKLIN PARKS IS TO BRIDGE THE GAP BETWEEN THE SERVICES AND AMENITIES OFFERED BY GOVERNMENT FUNDING AND THOSE THAT ALLOW US TO TAKE FULL ADVANTAGE OF THE INCREDIBLE NATURAL AND HISTORIC RESOURCES OF OUR COMMUNITY.

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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 $835,501

Program Service Revenue $61,052

Investment Income $58,638

Other Revenue $384,516

TOTAL REVENUE $1,339,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,715

Fundraising Expenses $61,424

Program Expenses $220,370

Other Expenses $249,938

TOTAL EXPENSES $466,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,339,707	$993,155	+0.3%
Expenses	$466,653	$307,573	+0.5%
Net Income	$873,054	$685,582	+0.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORREY BARNHILL	EXECUTIVE DIRECTOR	40.00	Highest	$94,564	$0	$94,564
ADAM BALLASH	DIRECTOR	1.00	Director	$0	$0	$0
AMY CROSS NANCE	DIRECTOR	1.00	Director	$0	$0	$0
CHAD DANNENFELSER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LANDRUM	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HILL	DIRECTOR	1.00	Director	$0	$0	$0
BRATON MACHLEIT	DIRECTOR	1.00	Director	$0	$0	$0
JAN MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
CLAY HARLIN	DIRECTOR	1.00	Director	$0	$0	$0
MONTY MCINTURFF	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN SMALLWOOD	DIRECTOR	1.00	Director	$0	$0	$0
MATT ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH MCKELLAR	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOONEY	DIRECTOR	1.00	Director	$0	$0	$0
TOM CURL	DIRECTOR	1.00	Director	$0	$0	$0
ZACK HAWAYEK	DIRECTOR	1.00	Director	$0	$0	$0
WILL KESLER	DIRECTOR	1.00	Director	$0	$0	$0
JO ELLEN MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
HAMILTON BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
CRAIGE HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
JAY SHERIDAN	DIRECTOR	2.00	Director	$0	$0	$0
GARY VOGRIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BOB RAVENER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATIE SPENCE	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLEY ROBERTS	SECRETARY	2.00	Officer 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
2024	$1,339,707	$466,653	$4,079,148	$873,054
2023	$993,155	$307,573	$3,140,689	$685,582
2022	$702,345	$412,422	$1,945,248	$289,923
2021	$1,121,918	$214,212	$1,658,869	$907,706
2020	$312,003	$116,590	$763,461	$195,413
2019	$606,651	$148,634	$632,232	$458,017
2018	$392,796	$121,353	$301,546	$271,443

FRIENDS OF FRANKLIN PARKS INC