CORNERSTONE ACADEMY (EIN 208135048) - Form 990 Financial Analysis & Trantor Score

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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

2007

Legal Domicile

Principal Officer

HESTER HEATLEY

Phone

8173752235

Tax Period

2024-09-01 to 2025-08-31

CORNERSTONE ACADEMY, founded in 2007, is a small nonprofit in the Education sector that reported $994K in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $436K, a strong 44% operating margin.

Mission

THE MISSION STATEMENT OF CORNERSTONE ACADEMY IS TO WORK AS A CHRISTIAN IS TO WORK AS A CHRISTIAN SCHOOL IN A MANNER TO PROVIDE A RIGIOUS EDUCATION TO TEACH IN A WAY THAT WILL DEVELOPE THE SKILLS OF ITS STUDENT BODY THAT WILL TRANSFORM THIER LIVES AND CONTINUE THEIR LEARNING THRROUGHOUT THEIR LIVES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,441

Program Service Revenue $762,126

Investment Income $3,438

Other Revenue $0

TOTAL REVENUE $994,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,640

Fundraising Expenses $0

Program Expenses $3,000

Other Expenses $520,271

TOTAL EXPENSES $557,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$994,005	$388,382	+1.6%
Expenses	$557,911	$1,360,256	-0.6%
Net Income	$436,094	$-971,874	-1.4%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

$102,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED HEATHLEY	PRESIDENT	001.00	Officer	$0	$0	$0
JENNY HOWELL	SECRETARY	001.00		$0	$0	$0
VERA MCKISSIC	BOARD MEMBER	001.00	Director	$0	$0	$0
GERALD ALLEY	BOARD MEMBER	001.00	Director	$0	$0	$0
CHERYL JONES	BOARD MEMBER	N/A		$0	$0	$0
CARLA SMITH	ACADEMY DIRECTOR	040.00	Key Emp	$102,500	$0	$102,500
SAMANTHA SELLS	BOARD MEMBER	001.00		$0	$0	$0

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
2025	$994,005	$557,911	$115,212	$436,094
2024	$388,382	$1,360,256	$151,292	$-971,874
2023	$1,421,329	$1,206,586	$774,747	$214,743
2022	$1,125,300	$906,478	$425,107	$218,822
2021	$905,247	$684,977	$294,027	$220,270
2020	$295,559	$539,796	$88,836	$-244,237
2018	$747,026	$752,397	$6,728	$-5,371

CORNERSTONE ACADEMY