Franklin Tomorrow Inc
Nonprofit profile at a glance
- EIN
- 621821869
- IRS 990 coverage
- 2011–2025
- Forms available
- Form 990 2025
- Location
- Franklin, TN, USA
- Phone
- 6157940998
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $342,931
- Expenses
- $368,797
- Assets
- $352,861
- Liabilities
- $121,463
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- MINDY TATE (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- MINDY TATE (CHIEF EXECUTIVE OFFICER): $91,432 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We engage the community, foster collaboration and advocate for a shared vision for the future of frankin, Tennessee. That shared visions includes a vibrant economy, great people, distinct character, and robust neighborhoods.
What it reported doing in 2025
Breakfast with the mayors to encourage communication between our government and our business community.frank talks a monthly community lecture series that provides an opportunity for franklin residents to learn, engage in important topics and discussions that foster collaboration to help shape our community.volunteer awards ceremony to honor the decades of service and tremendous impact of our volunteers in our community.vision city visit an invitation-only, multi-day trip by business and community leaders to see innovation and excellence in community development, governance and leadership.on the table a community-wide initiative for people to gather in small groups around a table with friends, neighbors, colleagues and maybe even a few people meeting for the first time, to share a meal and have a real conversation about what's important to the community.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 87
- Accountability: 69
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.3%; rating input score 67
- Program expense ratio: 61.7%; rating input score 62
- Fundraising efficiency: $2.5 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 27th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -7.5%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.34; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 24.8%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -6.2% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 67.3% of revenue deployed · 61.7% of spending went to programs
- Governance: 23 of 23 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $227K in reported program spending
- Leadership: top reported pay $91K · 30 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 15 filing years from 2011 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 6 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 14/100.