FRANKLIN ALUMNI ASSOCIATION & FOUN… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

Tamiko Miyano

Phone

2063552093

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN ALUMNI ASSOCIATION & FOUNDATION, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $157K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 29% operating margin.

Mission

The Franklin Alumni Association & Foundation exists to enhance the educational experience of the students at Franklin High School. We also keep alumni connected with each other and with Franklin High School. Grants are provided to students and organizations supporting Franklin High School.

Program Service Accomplishments

Program 1

Expenses: $20,193 Revenue: $0

FAA&F provides grants to enhance the educational experience of Franklin students. We are committed provide a predictable $30,000 a year to grants each year and then fund other grants as funds are...

FAA&F provides grants to enhance the educational experience of Franklin students. We are committed provide a predictable $30,000 a year to grants each year and then fund other grants as funds are available. We are proud of the support we can provide, meeting a gap in funding enrichment programs that cannot be met by a school with a student population that is at least two-thirds on free and reduced lunch. These grants, over the course of the year, impacted nearly every student and staff member at Franklin High School.

Program 2

Expenses: $41,500 Revenue: $0

Scholarships for post high school education and training for graduating seniors.

Program 3

Expenses: $13,913 Revenue: $0

Quaker Times - We mailed out 1300 newsletter to alumni twice in 2023. The newsletter informs alumni about class reunions, feature stories about alumni, and give updates.

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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 $156,952

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,952

Expense Breakdown

Grants Paid $61,693

Salaries & Benefits $0

Fundraising Expenses $29,646

Program Expenses $77,117

Other Expenses $49,403

TOTAL EXPENSES $111,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$156,952	$116,548	+0.3%
Expenses	$111,096	$136,264	-0.2%
Net Income	$45,856	$-19,716	-3.3%

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

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
Deborah Burton	President	6	Officer Director Key Emp	$0	$0	$0
Tamiko Miyano	Treasurer	12	Officer Director Key Emp	$0	$0	$0
Connie Olson	Secretary	3	Officer Director Key Emp	$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	$156,952	$111,096	$773,729	$45,856
2023	$116,548	$136,264	$643,380	$-19,716
2022	$131,101	$97,902	$606,295	$33,199
2021	No data	$77,127	$596,614	No data
2020	$46,352	$69,636	$512,576	$-23,284
2019	$39,885	$6,304	$524,502	$33,581

FRANKLIN ALUMNI ASSOCIATION & FOUNDATION