CORNERSTONE CHRISTIAN ACADEMY (EIN 232499985) - 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

1987

Legal Domicile

Principal Officer

BRANDON MCNEICE

Phone

6105394136

Tax Period

2023-07-01 to 2024-06-30

CORNERSTONE CHRISTIAN ACADEMY, founded in 1987, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $4.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO EDUCATE CHILDREN INCLUDING THOSE FROM AT-RISK NEIGHBORHOODS, IN AN ENVIRONMENT THAT PROVIDES THE HIGHEST STANDARDS FOR ACADEMIC ACHIEVEMENT AND SPIRITUAL DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,807,060

Program Service Revenue $1,611,653

Investment Income $347,688

Other Revenue $25,297

TOTAL REVENUE $3,791,698

Expense Breakdown

Grants Paid $1,222,791

Salaries & Benefits $2,197,639

Fundraising Expenses $473,254

Program Expenses $3,283,542

Other Expenses $1,359,060

TOTAL EXPENSES $4,779,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,791,698	$4,719,059	-0.2%
Expenses	$4,779,490	$4,489,631	+0.1%
Net Income	$-987,792	$229,428	-5.3%

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

170

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

$172,738

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE GEISSER	CHAIRMAN	6.00	Officer Director	$0	$0	$0
LIBBY DALRYMPLE	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM P SIMON JR	VICE CHAIR	1.50	Officer Director	$0	$0	$0
STACY NIEMKIEWICZ	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN BLACKNEY	BOARD MEMBER	0.50	Director	$0	$0	$0
REV DR ANITA BELL	BOARD MEMBER	0.50	Director	$0	$0	$0
RON BOND	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY CLAMPET	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES J DOLENTE SR	BOARD MEMBER	2.00	Director	$0	$0	$0
GREGORY ESTERHAI	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID ISHMAEL	BOARD MEMBER	0.50	Director	$0	$0	$0
KIMBERLY JONES	BOARD MEMBER	0.50	Director	$0	$0	$0
WESLEY PROCTOR	BOARD MEMBER	0.50	Director	$0	$0	$0
CASEY DUNN	BOARD MEMBER	0.50	Director	$0	$0	$0
WARREN ENGLISH	BOARD MEMBER	2.00	Director	$0	$0	$0
CHIP OLSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MYRA RUTLAND	BOARD MEMBER	0.50	Director	$0	$0	$0
ANASTASIA AUSTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
KEN FRAZIER	BOARD MEMBER	0.50	Director	$0	$0	$0
MARIO MARTINEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHELL Y MANIGAULT	PRINCIPAL	40.00	Officer	$92,849	$8,871	$101,720
RICHARD R OLLINGER	INTERIM CEO TO 2/19/24	40.00	Officer	$70,833	$185	$71,018
BRANDON MCNEICE	CEO - STARTED 2/19/24	40.00	Officer	$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	No data	No data	No data	No data
2024	$3,791,698	$4,779,490	$7,401,359	$-987,792
2023	$4,719,059	$4,489,631	$7,982,154	$229,428
2022	$8,243,681	$4,050,124	$7,378,915	$4,193,557
2021	$4,824,093	$3,831,308	$4,276,191	$992,785
2020	$3,161,959	$3,487,449	$2,911,799	$-325,490
2019	$4,238,691	$3,404,113	$2,952,873	$834,578
2018	$2,760,443	$3,143,803	$2,163,911	$-383,360

CORNERSTONE CHRISTIAN ACADEMY