CORNERSTONE CHURCH NETWORK

EIN: 205131015 501(c)(3)

Allen, TX

Total Revenue
$29,371
Total Expenses
$316,250
Total Assets
$1,070,576
Net Assets
$1,058,560
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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
2006
Legal Domicile
TX
Principal Officer
Bill Nicoson
Phone
2145851933
Tax Period
2019-01-01 to 2019-12-31

CORNERSTONE CHURCH NETWORK, founded in 2006, is a micro nonprofit that reported $29K in total revenue in fiscal year 2019. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $316K exceeded revenue, resulting in a 977% operating deficit.

Mission

To inspire, encourage, equip and support leaders to empower missional churches to tranform their local communities.

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,725
Program Service Revenue $0
Investment Income $24,646
Other Revenue $0
TOTAL REVENUE $29,371

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,502
Fundraising Expenses $0
Program Expenses $220,122
Other Expenses $154,748
TOTAL EXPENSES $316,250

Year-over-Year Comparison

2019 2018 Change
Revenue $29,371 $42,029 -0.3%
Expenses $316,250 $354,428 -0.1%
Net Income $-286,879 $-312,399 -0.1%
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
N/A
Volunteers
6

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
0
$0
Total Directors
5
$120,000
Key Employees
1
$120,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Grewal Director 2
Director
$0 $0 $0
Cindy White Director 2
Director
$0 $0 $0
Ken Giacoletto Board Chairman 8
Director
$0 $0 $0
Kevin Huff Director 4
Director
$0 $0 $0
Bill Nicoson Executive Director 50
Director Key Emp Highest
$120,000 $0 $120,000
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
2019 $29,371 $316,250 $1,070,576 $-286,879
2018 $42,029 $354,428 $1,180,451 $-312,399
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