FRANKLIN LEARNING ACADEMY

EIN: 922769459 501(c)(3) Education

Columbus, OH

Total Revenue
$540,302
Total Expenses
$866,181
Total Assets
$284,069
Net Assets
$-688,708
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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
2023
Legal Domicile
OH
Principal Officer
C David Massa
Phone
6145867599
Tax Period
2024-07-01 to 2025-06-30

FRANKLIN LEARNING ACADEMY, founded in 2023, is a small nonprofit in the Education sector that reported $540K in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $866K exceeded revenue, resulting in a 60% operating deficit.

Mission

Serving toddlers through early elementary students within Columbus and Franklin County

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $540,302
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $540,302

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,243
Fundraising Expenses $0
Program Expenses $866,181
Other Expenses $591,938
TOTAL EXPENSES $866,181

Year-over-Year Comparison

2024 2023 Change
Revenue $540,302 $318,971 +0.7%
Expenses $866,181 $681,800 +0.3%
Net Income $-325,879 $-362,829 -0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Dyer Board Chair 2.00
Director
$0 $0 $0
Sean Herod Board Member 1.0
Director
$0 $0 $0
Dedra Hurst Board Member 1.0
Director
$0 $0 $0
Heather Simonis Board Member 1.0
Director
$0 $0 $0
Scott Pullins Board Member 1.0
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
2025 $540,302 $866,181 $284,069 $-325,879
2024 $318,971 $681,800 $68,546 $-362,829
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