FRANKLIN PARKS FOUNDATION

EIN: 873968416 501(c)(3) Environment

FRANKLIN, VA

Total Revenue
$100,000
Total Expenses
$73,469
Total Assets
$682,101
Net Assets
$682,101
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
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 $252K in total revenue in fiscal year 2022. Revenue surged 619% from the prior year, signaling strong growth momentum. The organization ran a surplus of $241K, a strong 96% operating margin.

Mission

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

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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