CORNERSTONES HEALTH

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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

MARLA C DUBINSKY MD

Phone

3234821123

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONES HEALTH, founded in 2008, is a small nonprofit in the Health Care sector that reported $514K in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 109% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE EDUCATIONAL PROGRAMMING FOR HEALTHCARE PROVIDERS TO IMPROVE PATIENT CARE AND OUTCOMES.

Program Service Accomplishments

Program 1

Expenses: $259,159

BEST OF DDW US 2023/2024:BEST OF DDW IN IBD CONSISTED OF ONLINES WEBINARS PRESENTED BY NATIONAL KNOWN IBD EXPERTS. THESE CME-ACCREDITED PROGRAMS EDUCATED PHYSICIANS, FELLOWS, AND ADVANCED PRACTICE...

BEST OF DDW US 2023/2024:BEST OF DDW IN IBD CONSISTED OF ONLINES WEBINARS PRESENTED BY NATIONAL KNOWN IBD EXPERTS. THESE CME-ACCREDITED PROGRAMS EDUCATED PHYSICIANS, FELLOWS, AND ADVANCED PRACTICE PROVIDERS ON THE MOST IMPORTANT, SCIENTIFICALLY AND CLINICALLY RELEVANT UPDATES PRESENTED DURING DIGESTIVE DISEASE WEEK. AS A RESULT, HEALTH CARE PROVIDERS LEARNED NEW INFORMATION TO IMPLEMENT IN AND UPDATE THEIR PRACTICES, ULTIMATELY IMPROVING PATIENT CARE.

Program 2

Expenses: $89,298

BEST OF UEGW & ACG US 2022/2023:THE BEST OF UEGW & ACG CONSISTED OF ONLINE WEBINARS PRESENTED BY NATIONALLY KNOWN IBD EXPERTS. THE PROGRAMS EDUCATED PHYSICIANS, FELLOWS, AND ADVANCED PRACTICE...

BEST OF UEGW & ACG US 2022/2023:THE BEST OF UEGW & ACG CONSISTED OF ONLINE WEBINARS PRESENTED BY NATIONALLY KNOWN IBD EXPERTS. THE PROGRAMS EDUCATED PHYSICIANS, FELLOWS, AND ADVANCED PRACTICE PROVIDERS ON THE MOST IMPORTANT, SCIENTIFICALLY AND CLINICALLY RELEVANT CLINICAL TRIALS PRESENTED DURING THE UNITED EUROPEAN GASTOENTEROLOGY WEEK AND THE AMERICAN COLLEGE OF GASTROENTEROLOGY CONFERENCES. AS A RESULT, HEALTH CARE PROVIDERS LEARNED NEW INFORMATION TO IMPLEMENT IN AND UPDATE THEIR PRACTICES, ULTIMATELY IMPROVING PATIENT CARE.

Program 3

Expenses: $84,626

IBD XCEL 2023/2024: AN IMMERSIVE PROGRAM FOR GASTROENTEROLOGISTS WHO ARE WITHIN 5 YEARS OF COMPLETING THEIR GI FELLOWSHIP, THIS PROGRAM EDUCATES ON THE MOST CURRENT DATA REGARDING THE OPTIMAL...

IBD XCEL 2023/2024: AN IMMERSIVE PROGRAM FOR GASTROENTEROLOGISTS WHO ARE WITHIN 5 YEARS OF COMPLETING THEIR GI FELLOWSHIP, THIS PROGRAM EDUCATES ON THE MOST CURRENT DATA REGARDING THE OPTIMAL DIAGNOSIS AND MANAGEMENT OF IBD. FACILITATED BY 7 OF THE NATIONS LEADING FACULTY EXPERTS IN IBD TREATMENT AND RESEARCH, PARTICIPANTS HAVE THE OPPORTUNITY FOR VALUABLE INTERACTION AND MENTORING. EDUCATION OUTCOMES MEASUREMENT DATA SHOW THAT THIS LIVE PROGRAM PROVIDED PRACTICE-CHANGING UPDATES THAT IMPROVED COMMUNICATION WITH PATIENTS, PATIENT CARE, AND PLANS FOR NEW QUALITY INITITIVES IN THE PARTICPANTS' PRACTICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $512,768

Program Service Revenue $0

Investment Income $0

Other Revenue $1,462

TOTAL REVENUE $514,230

Expense Breakdown

Grants Paid $33,059

Salaries & Benefits $206,761

Fundraising Expenses $62,216

Program Expenses $823,636

Other Expenses $836,866

TOTAL EXPENSES $1,076,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,230	$840,580	-0.4%
Expenses	$1,076,686	$1,111,622	0.0%
Net Income	$-562,456	$-271,042	+1.1%

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

$200,500

Total Directors

$101,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COGAN	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE SANDS MD	DIRECTOR	0.50	Director	$0	$0	$0
DAVID RUBIN MD	SECRETARY/TREASURER/FACULT	10.00	Officer Director	$101,500	$0	$101,500
MARLA DUBINSKY	PRESIDENT/FACULTY	10.00	Officer	$99,000	$0	$99,000

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	No data	No data	No data	No data
2023	$514,230	$1,076,686	$203,021	$-562,456
2022	$840,580	$1,111,622	$727,875	$-271,042
2021	$1,441,791	$955,288	$977,799	$486,503
2020	$1,482,107	$1,147,556	$548,616	$334,551
2019	$1,270,620	$1,174,098	$150,776	$96,522
2018	$1,048,945	$1,106,936	$84,057	$-57,991