H H Franklin Club

Nonprofit profile at a glance

EIN
161076023
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Rochester, NY, USA
Phone
5857032577
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$253,485
Expenses
$114,010
Assets
$3,106,373
Liabilities
$0

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Andrew Sullivan (Past President)
  • Mike McCarthy (President)
  • Dan Russell (Vice President)

People named in this filing

  • Rachael Braverman (Director)
  • Matt Joseph (Director)
  • Rick Kellogg (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary mission is education and historic preservation.

What it reported doing in 2024

The Club owns & operates a museum building in Hickory Corners Michigan called The Franklin Automobile Collection, it is a 6805 sq foot building on the campus of the Gilmore Car Museum. The building houses 13 Franklin automobiles and related automobilia that are displayed in an interpretive manor with extensive explanatory information. The Collection tells the unique story of the Franklin Automobile and its place in the history of the American automobile industry. The Collection is a critical part of the Club's mission of education and historic preservation. The Franklin Automobile Collection opened to the public in 2010. The campus of the Gilmore Car Museum is open twelve months a year. Additionally the club holds its archive of original Franklin historical media that has been digitized at The Gilmore Museum. The Gilmore Car Museum is a public, 501 (c) (3) dedicated to preserving the history and heritage of the American automobile. The Club also has a scholarship program. The Club provides scholarships / grants to students with an interest in engineering or automobile restoration to attend the Club's week long Trek held annually Union College. The program is currently expanding. Also the Club provides scholarships to qualified students in Engineering and Auto Restoration at their College or University with a maximum award of $2,000 per student. Further the Club makes contributions to the McPherson College Auto Restoration program based upon the level of participation of restoration students at our annual Trek.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 86
  • Accountability: 70
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.1%; rating input score 56
  • Program expense ratio: 89.1%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 19th 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; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 55%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 27.25; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 47th percentile among comparable filings
  • Revenue growth: 10.3% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 56.1% of revenue deployed · 89.1% of spending went to programs
  • Governance: 18 of 18 board members independent · 2 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $102K in reported program spending
  • Leadership: top reported pay $0 · 18 people listed
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 filing years from 2019 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.