Franklinton Cycleworks
Nonprofit profile at a glance
- EIN
- 274196075
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-EZ 2019, Form 990-N 2017
- Location
- Columbus, OH, USA
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $555,367
- Expenses
- $532,478
- Assets
- $766,921
- Liabilities
- $393,710
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JONATHAN YOUNGMAN (EXECUTIVE DIRECTOR)
Highest reported compensation
- JONATHAN YOUNGMAN (EXECUTIVE DIRECTOR): $64,407 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 community bicycle shop is different from a regular bicycle shop. Around here, bike repair is a cooperative effort rather than a way to make money. What were doing isnt just about building bikes. Its about building relationships and bringing a community together. Our shop space, stands, and tools are available free of cost for anyone who wants to work on his or her bike. And volunteer mechanics are on hand to share their knowledge and experience. Fcw is a place of co-working and co-learning. We believe everyone has something to learn and something to offer which means no matter who you are, you have a place at fcw. Together, we're building more connected, more empowered individuals and a more vibrant neighborhood. Fcw is also a recycling center. We accept any and all bicycle related donations regardless of condition. We refurbish and re-purpose what we can and recycle anything thats no longer usable. We throw away as little as possible.
What it reported doing in 2024
Youth and adult bicycle programs: includes provision of free and low-cost bicycles and accessories, education, and events to encourage an active lifestyle.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- 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.
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 expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 83
- Accountability: 63
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.7%; rating input score 74
- Program expense ratio: 76.9%; rating input score 77
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 23rd 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 1.44; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 17% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 23.6% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 19.1% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 73.7% of revenue deployed · 76.9% of spending went to programs
- Governance: 9 of 10 board members independent · 2 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $409K in reported program spending
- Leadership: top reported pay $64K · 10 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 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.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.