RESIDENCE AT FRANKLIN PARK INC (EIN 840630940) - 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

1930

Legal Domicile

Principal Officer

ANNETTE GREELY

Phone

9522531459

Tax Period

2023-09-01 to 2024-08-31

RESIDENCE AT FRANKLIN PARK INC, founded in 1930, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. The organization ran a surplus of $134K, a strong 98% operating margin.

Mission

THE PRIMARY PURPOSE AND ACTIVITY OF THE RESIDENCES AT FRANKLIN PARK IS TO PROVIDE SUPPORT TO NONPROFIT ORGANIZATIONS WHOSE CHARITABLE MISSION IS TO PROVIDE SUPPORT TO CARE FOR THE ELDERLY, LOW INCOME AND DISABLED PERSONS.

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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 $0

Investment Income $137,201

Other Revenue $125

TOTAL REVENUE $137,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,037

TOTAL EXPENSES $3,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,326	$-1,020,365	-1.1%
Expenses	$3,037	$8,977,214	-1.0%
Net Income	$134,289	$-9,997,579	-1.0%

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

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

$721,100

Total Directors

$293,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE GREELY	PRESIDENT & CEO	1.00	Officer Director	$0	$38,445	$293,556
LARS JOHNSON	CFO & TREASURER	1.00	Officer	$0	$29,882	$232,874
ANDREA BLATNIK	SECRETARY & VP OF HUMAN RE	1.00	Officer	$0	$33,868	$194,670
DEBBIE SETLOCK	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
RYAN ALLEN	TRUSTEE (THRU DEC 2024)	1.00	Director	$0	$0	$0
JANIS BERRY	TRUSTEE	1.00	Director	$0	$0	$0
MARSHA DENNISTON	TRUSTEE	1.00	Director	$0	$0	$0
JUDY FONS	TRUSTEE (THRU MAR 2024)	1.00	Director	$0	$0	$0
ASHLEY FORD	TRUSTEE	1.00	Director	$0	$0	$0
JIM JOHNSON	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE KILLIAN	TRUSTEE	1.00	Director	$0	$0	$0
GREG MAMULA	TRUSTEE	1.00	Director	$0	$0	$0
RUTH NEIMAN	TRUSTEE	1.00	Director	$0	$0	$0
TIM O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
DAVE RUSSELL	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE VAN DER BEEK	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE WHITAKER	TRUSTEE	1.00	Director	$0	$0	$0
TOM WILES	TRUSTEE	1.00	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
2024	$137,326	$3,037	$5,747,108	$134,289
2023	$-1,020,365	$8,977,214	$4,303,341	$-9,997,579
2022	$114,431	$7,617	$13,535,900	$106,814
2021	$75,573	$44,551	$3,151,467	$31,022
2020	$75,806	No data	$3,120,445	No data
2019	$75,642	No data	$3,044,639	No data
2018	$75,642	No data	$2,968,997	No data

RESIDENCE AT FRANKLIN PARK INC