FRANKLIN PARKS FOUNDATION

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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

2021

Legal Domicile

Principal Officer

BRENTON D BURGESS

Phone

7575698156

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN PARKS FOUNDATION, founded in 2021, is a small nonprofit in the Environment sector that reported $100K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 27% operating margin.

Mission

TO PROTECT, PRESERVE, AND MAINTAIN LOCAL PARKS AND RELATED PROPERTY IN THE CITY OF FRANKLIN, VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $53,232

TO PROTECT, PRESERVE, AND MAINTAIN LOCAL PARKS AND RELATED PROPERTY IN THE CITY OF FRANKLIN, VIRGINIA, AND SURROUNDING AREAS.

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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 $100,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $100,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,142

Other Expenses $73,469

TOTAL EXPENSES $73,469

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,000	$406,300	-0.8%
Expenses	$73,469	$26,971	+1.7%
Net Income	$26,531	$379,329	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENTON D BURGESS	TREASURER	N/A	Officer	$0	$0	$0
GILLETTE COUNCIL	SECRETARY	N/A	Officer	$0	$0	$0
JAMES E CRAIG JR	PRESIDENT	N/A	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
2025	No data	No data	No data	No data
2024	$100,000	$73,469	$682,101	$26,531
2023	$406,300	$26,971	$655,569	$379,329
2022	$251,500	$10,260	$276,240	$241,240