CORNERSTONE REVITALIZATION FOUNDATION INC (EIN 261650206) - 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

2008

Legal Domicile

Principal Officer

DR MICHAEL WESLEY SR

Phone

2059259750

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE REVITALIZATION FOUNDATION INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

THROUGH EDUCATIONAL PROGRAMMING, WORKFORCE DEVELOPMENT, VOCATIONAL CERTIFICATIONS AND LEADERSHIP ENHANCEMENT OPPORTUNITIES, ALL DESIGNED TO EMPOWER DISADVANTAGED YOUTH AND ADULTS IN SE BHAM.

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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 $1,411,609

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,411,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $770,926

Fundraising Expenses $0

Program Expenses $2,084,968

Other Expenses $1,267,487

TOTAL EXPENSES $2,038,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,411,609	$1,802,114	-0.2%
Expenses	$2,038,413	$1,784,671	+0.1%
Net Income	$-626,804	$17,443	-36.9%

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

N/A

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
ROD JONES	CHAIRMAN	20	Director	$0	$0	$0
RUKEYA MCCOLLOUGH	VICE CHAIRMAN	10	Director	$0	$0	$0
SHIRLEY DAVIS	SECRETARY	5	Director	$0	$0	$0
WARDINE ALEXANDER	DIRECTOR	5	Director	$0	$0	$0
ANDRE ASBERRY	DIRECTOR	5	Director	$0	$0	$0
ASHLEY BLADE CARLISLE	DIRECTOR	1	Director	$0	$0	$0
RICHARD BUSBY	DIRECTOR	1	Director	$0	$0	$0
WARREN CALLAWAY	DIRECTOR	1	Director	$0	$0	$0
CAROLE CLARKE	DIRECTOR	1	Director	$0	$0	$0
DARIUS DAVENPORT	DIRECTOR	1	Director	$0	$0	$0
JERRY DAVENPORT	DIRECTOR	1	Director	$0	$0	$0
AL DENSON	DIRECTOR	1	Director	$0	$0	$0
EVANNE GIBSON	DIRECTOR	1	Director	$0	$0	$0
JOHN HACKETT JR	DIRECTOR	1	Director	$0	$0	$0
TRACY HIPPS	DIRECTOR	1	Director	$0	$0	$0
PAUL HUGHES	DIRECTOR	1	Director	$0	$0	$0
JANICE KELSEY	DIRECTOR	1	Director	$0	$0	$0
SONYA KING	DIRECTOR	1	Director	$0	$0	$0
MELVA LANGFORD	DIRECTOR	1	Director	$0	$0	$0
GENE MCCORD	DIRECTOR	1	Director	$0	$0	$0
MYLES MCKEE	DIRECTOR	1	Director	$0	$0	$0
TRACEY MORANT ADAMS	DIRECTOR	1	Director	$0	$0	$0
PAUL PENCE	DIRECTOR	1	Director	$0	$0	$0
LORRAINE PRINGLE	DIRECTOR	1	Director	$0	$0	$0
RICHARD SIMMONS	DIRECTOR	1	Director	$0	$0	$0
TAWANNA WRIGHT	DIRECTOR	1	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	$1,411,609	$2,038,413	$241,643	$-626,804
2023	$1,802,114	$1,697,286	$35,767	$104,828

CORNERSTONE REVITALIZATION FOUNDATION INC