CORNERSTONE CHRISTIAN ACADEMY (EIN 208815319) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MATT TORRENCE

Phone

4343522345

Tax Period

2024-08-01 to 2025-07-31

CORNERSTONE CHRISTIAN ACADEMY, founded in 2007, is a small nonprofit in the Education sector that reported $798K in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $729K left a modest 9% surplus.

Mission

TO PROVIDE CHRISTIAN EDUCATION FOR GRADES K THROUGH 12

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $264,798

Program Service Revenue $699,822

Investment Income $7,714

Other Revenue $0

TOTAL REVENUE $972,334

Expense Breakdown

Grants Paid $67,835

Salaries & Benefits $589,707

Fundraising Expenses $5,663

Program Expenses $881,962

Other Expenses $240,875

TOTAL EXPENSES $898,417

Year-over-Year Comparison

	2024	2023	Change
Revenue	$972,334	$996,576	0.0%
Expenses	$898,417	$815,671	+0.1%
Net Income	$73,917	$180,905	-0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY COLE	DIRECTOR	N/A	Director	$0	$0	$0
KIRK CORDERS	TREASURER	N/A	Officer Director	$0	$0	$0
CLARA JO CUNNINGHAM	SECRETARY	N/A	Officer Director	$0	$0	$0
BOB DUNHAM	VICE CHAIR	N/A	Officer Director	$0	$0	$0
CHRISSY MARTIN	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN SHORTER	DIRECTOR	N/A	Director	$0	$0	$0
MATT TORRENCE	CHAIR	N/A	Officer Director	$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	$972,334	$898,417	$1,794,593	$73,917
2024	$996,576	$815,671	$1,713,988	$180,905
2023	$938,663	$949,224	$1,454,875	$-10,561
2022	$887,611	$862,044	$1,458,199	$25,567
2021	$853,643	$728,416	$1,379,875	$125,227
2020	$761,687	$759,636	$1,283,329	$2,051
2019	$798,469	$728,833	$1,219,088	$69,636

CORNERSTONE CHRISTIAN ACADEMY