FRIENDS OF FRANKLIN (EIN 832479067) - 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

2018

Legal Domicile

Principal Officer

ALEX JARRELL

Phone

5042862600

Tax Period

2023-07-01 to 2024-06-30

FRIENDS OF FRANKLIN, founded in 2018, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $673K, a strong 62% operating margin.

Mission

THE FRIENDS OF FRANKLIN FOUNDATION IS THE PRIMARY FUNDRAISING ORGANIZATION FOR BENJAMIN FRANKLIN HIGH 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 $1,071,203

Program Service Revenue $0

Investment Income $10,323

Other Revenue $0

TOTAL REVENUE $1,081,526

Expense Breakdown

Grants Paid $21,905

Salaries & Benefits $324,558

Fundraising Expenses $88,307

Program Expenses $232,042

Other Expenses $62,344

TOTAL EXPENSES $408,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,081,526	$551,035	+1.0%
Expenses	$408,807	$331,440	+0.2%
Net Income	$672,719	$219,595	+2.1%

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

$169,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARMAINE COOPER HUSSAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MITCHELL TURNBOUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD CHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SAUNDRA LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN BLONDELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBORAH THURBER	SECRETARY	1.00	Officer Director	$0	$0	$0
JONATHAN LEVY	TREASURER	1.00	Officer Director	$0	$0	$0
ALEX JARRELL	CEO	10.00	Officer	$0	$0	$0
ANDREA PERKINS	CFO	6.00	Officer	$16,135	$61,515	$169,080

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	$1,081,526	$408,807	$1,414,802	$672,719
2023	$551,035	$331,440	$888,064	$219,595
2022	$959,269	$618,215	$668,469	$341,054
2021	$327,430	$15	$327,415	$327,415

FRIENDS OF FRANKLIN