CORNERSTONE TELEVISION INC

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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

1970

Legal Domicile

Principal Officer

STEVE JOHNSON

Phone

4128243930

Tax Period

2025-01-01 to 2025-12-31

CORNERSTONE TELEVISION INC, founded in 1970, is a community nonprofit in the Religion sector that reported $3.9M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. Expenses of $4.8M exceeded revenue, resulting in a 22% operating deficit.

Mission

PRODUCTION AND BROADCASTING OF RELIGIOUS AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $2,927,067 Revenue: $1,509,788

BROADCASTING & PRODUCTION - TELEVISION BROADCASTING OF IN-HOUSE, NATIONALLY SYNDICATED, AND LOCAL RELIGIOUS AND EDUCATIONAL ORIENTED PROGRAMS, SERVING WESTERN AND CENTRAL PENNSYLVANIA AND OTHER PARTS...

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,729,021

Program Service Revenue $1,509,788

Investment Income $168,213

Other Revenue $529,045

TOTAL REVENUE $3,936,067

Expense Breakdown

Grants Paid $403,831

Salaries & Benefits $2,428,320

Fundraising Expenses $808,313

Program Expenses $2,927,067

Other Expenses $1,980,351

TOTAL EXPENSES $4,812,502

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,936,067	$4,153,645	-0.1%
Expenses	$4,812,502	$4,650,700	+0.0%
Net Income	$-876,435	$-497,055	+0.8%

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

$116,070

Total Directors

$246,447

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE JOHNSON	PRESIDENT/CEO	40.00	Officer Director	$106,340	$9,730	$116,070
ANGELA MADDEN	DIRECTOR	1.00	Director	$17,450	$0	$17,450
PAUL BIXLER	VICE CHAIRMAN	1.00	Director	$72,031	$6,446	$78,477
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	$33,550	$0	$33,550
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
2025	$3,936,067	$4,812,502	$9,175,684	$-876,435
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