CORNERSTONE CARE INC (EIN 251346194) - 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

1978

Legal Domicile

Principal Officer

RICHARD RINEHART

Phone

7249433308

Tax Period

2024-04-01 to 2025-03-31

CORNERSTONE CARE INC, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $23.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF CORNERSTONE CARE IS TO IMPROVE THE HEALTH OF THEIR PATIENTS AND THE RESIDENTS OF OUR COMMUNITY WITH SPECIAL CONCERN FOR THE MEDICALLY UNDERSERVED AND LOW-INCOME POPULATIONS.

🔒

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 $5,386,397

Program Service Revenue $17,385,991

Investment Income $18,564

Other Revenue $277,917

TOTAL REVENUE $23,068,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,724,796

Fundraising Expenses $0

Program Expenses $19,068,170

Other Expenses $10,434,794

TOTAL EXPENSES $24,159,590

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,068,869	$22,771,096	+0.0%
Expenses	$24,159,590	$23,050,122	+0.0%
Net Income	$-1,090,721	$-279,026	+2.9%

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

225

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

$366,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN NEAL	PHYSICIAN	40.00	Highest	$316,673	$7,368	$324,041
JIHAD IRANI	PHYSICIAN	40.00	Highest	$240,151	$26,332	$266,483
MAX CHEN	PHYSICIAN	40.00	Highest	$234,426	$26,332	$260,758
DANA MORTON	PHYSICIAN	40.00	Highest	$250,000	$626	$250,626
EDWARD FOLEY	PHYSICIAN	40.00	Highest	$235,558	$471	$236,029
RICHARD RINEHART	CEO	40.00	Officer	$217,186	$511	$217,697
JUDITH GASHIE	CFO	40.00	Officer	$122,173	$26,858	$149,031
PAM ABBE	DIRECTOR	1.00	Director	$0	$0	$0
DR NICHOLAS BEATTY	DIRECTOR	1.00	Director	$0	$0	$0
JOAN BRICHETTI	DIRECTOR	1.00	Director	$0	$0	$0
KAREN GALENTINE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GOMBER	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID LAKE	DIRECTOR	1.00	Director	$0	$0	$0
LEE LASICH	DIRECTOR	1.00	Director	$0	$0	$0
JOAN MACGREGOR	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL NICHOLS-HARRIS	SECRETARY	1.00	Officer Director	$0	$0	$0
GERMAINE PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STARK	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM TEAGARDEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLES VARGO	DIRECTOR	1.00	Director	$0	$0	$0
LINDA WIGINGTON	DIRECTOR	1.00	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
2025	$23,068,869	$24,159,590	$19,692,443	$-1,090,721
2024	$22,771,096	$23,050,122	$20,901,773	$-279,026
2023	$23,026,910	$22,198,227	$20,606,323	$828,683
2022	$24,215,841	$21,292,071	$17,015,831	$2,923,770
2021	$21,626,745	$18,948,486	$14,083,632	$2,678,259
2020	$17,059,005	$17,382,422	$10,065,128	$-323,417
2019	$15,301,408	$15,006,994	$10,300,800	$294,414
2018	$15,524,968	$14,778,112	$9,527,524	$746,856

CORNERSTONE CARE INC