THE CORNER SCHOOL

EIN: 111807542 501(c)(3) Education

FLUSHING, NY

Total Revenue
$517,303
Total Expenses
$524,593
Total Assets
$298,825
Net Assets
$91,679
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
NY
Principal Officer
NICOLE GALIA
Phone
7184452811
Tax Period
2023-09-01 to 2024-08-31

THE CORNER SCHOOL, founded in 1957, is a small nonprofit in the Education sector that reported $517K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE EARLY CHILDHOOD EDUCATION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $508,093
Program Service Revenue $8,860
Investment Income $37
Other Revenue $313
TOTAL REVENUE $517,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $402,283
Fundraising Expenses $11,459
Program Expenses $429,061
Other Expenses $122,310
TOTAL EXPENSES $524,593

Year-over-Year Comparison

2023 2022 Change
Revenue $517,303 $467,903 +0.1%
Expenses $524,593 $519,900 +0.0%
Net Income $-7,290 $-51,997 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
14
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
5
$0
Key Employees
1
$62,988
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE GALIA PRESIDENT 2.00
Officer Director
$0 $0 $0
GEORGE CHIN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SU ZUO TREASURER 2.00
Officer Director
$0 $0 $0
KATHALEEN TAN SECRETARY 2.00
Officer Director
$0 $0 $0
WEI ZHOU SECRETARY 2.00
Officer Director
$0 $0 $0
RUTHLYNNE NACK EDUCATION DIRECTOR 40.00
Key Emp
$62,988 $0 $62,988
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $517,303 $524,593 $298,825 $-7,290
2023 $560,554 $519,633 $286,817 $40,921
2022 $627,364 $456,598 $161,095 $170,766
2021 $156,665 $244,847 $73,538 $-88,182
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