CORNERSTONE PROJECT 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

2008

Legal Domicile

Principal Officer

MARTINE NOLLETTI

Tax Period

2022-01-01 to 2022-12-31

CORNERSTONE PROJECT INC, founded in 2008, is a small nonprofit in the Education sector that reported $277K in total revenue in fiscal year 2022. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $313K exceeded revenue, resulting in a 13% operating deficit.

Mission

RAISE FUNDS TO CONSTRUCT THE NAMBALE MAGNET SCHOOL IN KENYA

Program Service Accomplishments

Program 1

Expenses: $132,400

RAISE FUNDS TO CONSTRUCT AND EXPAND THE NAMBALE MAGNET SCHOOL IN KENYA

Program 2

Expenses: $151,610

RAISE FUNDS TO AIDE IN THE OPERATION OF THE NAMBLE MAGNET SCHOOL IN KENYA

Program 3

Expenses: $16,800

PURCHASE OF COMPUTERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $267,876

Program Service Revenue $9,215

Investment Income $0

Other Revenue $0

TOTAL REVENUE $277,091

Expense Breakdown

Grants Paid $295,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $308,433

Other Expenses $17,830

TOTAL EXPENSES $313,430

Year-over-Year Comparison

	2022	2021	Change
Revenue	$277,091	$219,000	+0.3%
Expenses	$313,430	$72,902	+3.3%
Net Income	$-36,339	$146,098	-1.2%

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

N/A

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
VIVIAN BIRDSALL	BOARD MEMBER	N/A	Director	$0	$0	$0
COLLEEN BOUQUOT	BOARD MEMBER	N/A	Director	$0	$0	$0
TINA DENAPOLES	BOARD MEMBER	N/A	Director	$0	$0	$0
NANCY MURRAY	BOARD MEMBER	N/A	Director	$0	$0	$0
MARTINE NOLLETTI	CHAIRMAN/TRE	N/A	Director	$0	$0	$0
LIZZIE OLMSTED	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSEMARIE PALLADINO	DIRECTOR	N/A	Director	$0	$0	$0
MEGAN STEIGER	SECRETARY	N/A	Officer 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
2022	$277,091	$313,430	$5,815	$-36,339
2019	$170,651	$174,373	$8,585	$-3,722
2018	$149,168	$168,734	$8,807	$-19,566