Frankies Family Inc

Nonprofit profile at a glance

EIN
832177083
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Louisville, KY, USA
Phone
5023870018
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$77,182
Expenses
$100,619
Assets
$81,862
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Frankie Hilbert (President / Treasurer)

People named in this filing

  • Frankie Hilbert (President / Treasurer)
  • Rachel Hardy (Secretary)
  • Nathan Rynes (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Frankie's Family works with the Salvation Army to adopt children and senior citizens from the Angel Tree Adoption campaign to help those in need celebrate Christmas. The campaign allows the organization to help ensure all who request help through the Salvation Army Angel Tree Adoption campaign are adopted and able to receive clothing and toys for Christmas.

What it reported doing in 2024

Frankie's Family works with the Salvation Army to adopt children from the Angel Tree Adoption campaign to help those in need celebrate Christmas. The campaign allows the organization to help ensure all who request help through the Salvation Army Angel Tree Adoption campaign are adopted and able to receive clothing and toys for Christmas. Additionally, Frankie's Family has created a coat drive to expand the outreach mission and to date has been able to provide almost 1,000 coats to those in need who struggle to stay warm during winter.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -30.4%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.81; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 39.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 25.6% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $101K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 18/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.