Franklinton Board of Trade

Nonprofit profile at a glance

EIN
311159107
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2013
Location
Columbus, OH, USA
Phone
6143982435
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Reported finances

Revenue
$632,786
Expenses
$612,586
Assets
$193,757
Liabilities
$234

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Jeff Mohrman (Vice President)
  • Michael Amerine (President)

Highest reported compensation

  • Trent Smith (Executive Dir.): $99,467 total reported compensation

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

Overview

Mission

A neighborhood based, not-for-profit, business organization committed to identifying and responding to the changing needs and concerns of the business community in Franklinton. We strive to make Franklinton a better place to work, shop, and live through the enhancement of its institutions, business retention, development, and expansion. Fostering job creation, plus partnering with community organizations on projects to fulfill our responsibilities to the community.

What it reported doing in 2024

Franklinton Special Improvement District FSID- Services performed with funding from FSID in 2024 include providing Cleaning and Safety Ambassador teams which support small businesses within Franklinton by making the community cleaner, safer, and more connected. Since the start of the Special Improvements District 291,175 pounds of trash/waste, 255,472 pounds of organic material, 84,370 pounds of dirt and gravel, and 1,352 tires have been gathered and removed for disposal. The Safety Ambassador team initiated responses and answered calls for help. Initiating and fostering community relations and providing a security presence. Assisting small businesses and the community with trespassing, theft prevention, disorderly conduct, safety escorts and other services.

Operating model

Revenue model
Earned-program. 68% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 96% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 87
  • Accountability: 74
  • Sustainability: 37
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.3%; rating input score 85
  • Program expense ratio: 88.1%; rating input score 88
  • Fundraising efficiency: $5.01 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.1%; rating input score 88; 37th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.2%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 16.2%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: 32.2% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 21.1% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 18.5% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 85.3% of revenue deployed · 88.1% of spending went to programs
  • Governance: 12 of 12 board members independent · 3 of 8 filing controls reported
  • Programs: 15 filed program accomplishments · $539K in reported program spending
  • Leadership: top reported pay $99K · 11 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 18/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 20/100.