FRANKLIN SCHOOL

EIN: 991751830 501(c)(3) Education

SPARTANBURG, SC

Total Revenue
$1,137,920
Total Expenses
$1,219,233
Total Assets
$356,971
Net Assets
$188,300
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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
SC
Principal Officer
SHAWNA BYNUM
Phone
8645867130
Tax Period
2023-07-01 to 2024-06-30

FRANKLIN SCHOOL, founded in 2023, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE FRANKIN SCHOOL IS TO OFFER EXCELLENCE IN EARLY CARE AND EDUCATION TO THE CHILDREN AND FAMILIES OF THE NORTHSIDE COMMUNITY USING A RESEARCH-BASED, COLLABORATIVE MODEL THAT SUPPORTS CHILDREN TO BE READY FOR SUCCESS IN SCHOOL AND LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $659,867
Program Service Revenue $343,209
Investment Income $17,107
Other Revenue $117,737
TOTAL REVENUE $1,137,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $872,655
Fundraising Expenses $1,089
Program Expenses $1,044,221
Other Expenses $346,578
TOTAL EXPENSES $1,219,233

Year-over-Year Comparison

2023 2022 Change
Revenue $1,137,920 N/A N/A
Expenses $1,219,233 N/A N/A
Net Income $-81,313 N/A N/A
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
8
Independent Members
8
Employees
N/A
Volunteers
17

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
4
$108,716
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWNA BYNUM EXECUTIVE DI 40.00
Officer
$77,268 $31,448 $108,716
CAROLINE GOINS DIRECTOR 2.00
Director
$0 $0 $0
BENNIE HARRIS DIRECTOR 2.00
Director
$0 $0 $0
CYNTHIA LOUNDS DIRECTOR 2.00
Director
$0 $0 $0
BARBARA MANOWSKI VICE CHAIR 2.00
Officer Director
$0 $0 $0
MOLLY METZ CHAIR 2.00
Officer Director
$0 $0 $0
JEFF STEVENS SECRETARY/TR 2.00
Officer Director
$0 $0 $0
MICHAEL WILLIAMSON DIRECTOR 2.00
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
2025 No data No data No data No data
2024 $1,137,920 $1,219,233 $356,971 $-81,313
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