CORNERSTONE FOUNDATION INC (EIN 222587192) - 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

1983

Legal Domicile

Principal Officer

THOMAS STAUFFER

Phone

8608711823

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE FOUNDATION INC, founded in 1983, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.5M left a modest 7% surplus.

Mission

THE CORNERSTONE FOUNDATION IS A NON-PROFIT ORGANIZATION BASED IN ROCKVILLE, CONNECTICUT, A FORMER TEXTILE MILL CITY ABOUT 15 MILES NORTHEAST OF HARTFORD. THE ORGANIZATION PROVIDES FOOD, CLOTHING, AND SHELTER TO THOSE IN NEED WITHIN THEIR COMMUNITY. THEY ALSO PROVIDE AFTER SCHOOL TEEN PROGRAMS FOR AT RISK LOCAL TEENAGERS.

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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 $2,622,942

Program Service Revenue $0

Investment Income $14,057

Other Revenue $62,567

TOTAL REVENUE $2,699,566

Expense Breakdown

Grants Paid $0

Salaries & Benefits $694,930

Fundraising Expenses $56,897

Program Expenses $2,201,448

Other Expenses $1,813,028

TOTAL EXPENSES $2,507,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,699,566	$2,867,751	-0.1%
Expenses	$2,507,958	$2,911,135	-0.1%
Net Income	$191,608	$-43,384	-5.4%

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

200

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
GRACE BOUCHER	MEMBER-AT-LA	3.00	Director	$0	$0	$0
ERIKA BROOKMAN	MEMBER-AT-LA	3.00	Director	$0	$0	$0
RICHARD CARTERUD	ASSISTANT TR	12.00	Officer Director	$0	$0	$0
MATTHEW COUZENS	DEVELOP. COM	6.00	Director	$0	$0	$0
JOEL DEFELICE	MEMBER-AT-LA	3.00	Director	$0	$0	$0
BRIAN MOTOLA	ASSISTANT VI	3.00	Officer Director	$0	$0	$0
JOHN O'CONNELL	MEMBER-AT-LA	3.00	Director	$0	$0	$0
MARTIN POWERS	MEMBER-AT-LA	3.00	Director	$0	$0	$0
TERILYNN ROGERS	MEMBER-AT-LA	3.00	Director	$0	$0	$0
NICOLE SAMOKAR	MEMBER-AT-LA	3.00	Director	$0	$0	$0
JEANNE SCHROEDER	VICE PRES/TR	18.00	Officer Director	$0	$0	$0
SIMONE SEWELL	MEMBER-AT-LA	3.00	Director	$0	$0	$0
GRETCHEN SHEA	MEMBER-AT-LA	3.00	Director	$0	$0	$0
DEBORAH STAUFFER	SECRETARY	12.00	Officer Director	$0	$0	$0
THOMAS STAUFFER	PRESIDENT	18.00	Officer Director	$0	$0	$0
HELEN D SYRIAC	FOUNDER	N/A	Director	$0	$0	$0
PATRICIA SZAFIR	MEMBER-AT-LA	3.00	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
2024	$2,699,566	$2,507,958	$831,322	$191,608
2023	$2,867,751	$2,911,135	$720,971	$-43,384
2022	$2,358,088	$2,240,909	$628,617	$117,179
2021	$2,312,347	$2,367,766	$575,546	$-55,419
2020	$1,655,427	$1,581,208	$594,060	$74,219
2019	$1,285,611	$1,410,464	$579,012	$-124,853
2018	$1,462,843	$1,308,050	$661,237	$154,793

CORNERSTONE FOUNDATION INC