CORNERSTONE TELEVISION INC (EIN 237112560) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

STEVE JOHNSON

Phone

4128243930

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE TELEVISION INC, founded in 1970, is a community nonprofit in the Religion sector that reported $4.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

PRODUCTION AND BROADCASTING OF RELIGIOUS AND EDUCATIONAL PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,881,577

Program Service Revenue $1,596,050

Investment Income $260,780

Other Revenue $415,238

TOTAL REVENUE $4,153,645

Expense Breakdown

Grants Paid $401,146

Salaries & Benefits $2,378,860

Fundraising Expenses $741,365

Program Expenses $2,818,886

Other Expenses $1,870,694

TOTAL EXPENSES $4,650,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,153,645	$4,421,732	-0.1%
Expenses	$4,650,700	$4,866,716	0.0%
Net Income	$-497,055	$-444,984	+0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$112,697

Total Directors

$233,947

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE JOHNSON	PRESIDENT/CEO	40.00	Officer Director	$103,250	$9,447	$112,697
ANGELA MADDEN	DIRECTOR	1.00	Director	$11,600	$0	$11,600
PAUL BIXLER	VICE CHAIRMAN	1.00	Director	$69,940	$6,410	$76,350
LEON HAYNES	DIRECTOR	1.00	Director	$300	$0	$300
THOMAS SCOTT	TREASURER	1.00	Director	$0	$0	$0
REV GARY MITRIK	CHAIRMAN	1.00	Director	$32,400	$0	$32,400
ANTONINO J COMANICI	DIRECTOR	1.00	Director	$600	$0	$600

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	$4,153,645	$4,650,700	$9,679,351	$-497,055
2023	$4,421,732	$4,866,716	$10,269,080	$-444,984
2022	$4,892,228	$4,696,932	$10,693,013	$195,296
2021	$5,178,656	$4,711,753	$11,279,412	$466,903
2020	$5,370,294	$5,307,118	$10,719,548	$63,176
2019	$3,554,475	$5,196,441	$10,781,890	$-1,641,966
2018	$4,428,311	$5,608,790	$11,496,936	$-1,180,479

CORNERSTONE TELEVISION INC