CHARLES TILLMAN CORNERSTONE FOUNDATION (EIN 270810455) - 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

2009

Legal Domicile

Principal Officer

JACKIE TILLMAN

Phone

8332290338

Tax Period

2023-01-01 to 2023-12-31

CHARLES TILLMAN CORNERSTONE FOUNDATION, founded in 2009, is a micro nonprofit in the Human Services sector that reported $47K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $101K exceeded revenue, resulting in a 114% operating deficit.

Mission

THE MISSION OF CHARLES TILLMAN CORNERSTONE FOUNDATION IS TO PROVIDE OPPORTUNITIES AND RESOURCES TO CHILDREN OR THEIR FAMILIES WHO ARE IN NEED. SINCE 2005, CHARLES TILLMAN'S CHARITABLE EFFORTS HAVE IMPACTED THE LIVES OF NUMEROUS CHICAGO-AREA CHILDREN.

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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 $46,362

Program Service Revenue $0

Investment Income $0

Other Revenue $1,134

TOTAL REVENUE $47,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,042

Fundraising Expenses $3,231

Program Expenses $80,987

Other Expenses $92,434

TOTAL EXPENSES $101,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,496	$281,245	-0.8%
Expenses	$101,476	$265,133	-0.6%
Net Income	$-53,980	$16,112	-4.4%

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
CHARLES TILLMAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
JACKIE TILLMAN	VICE-PRESIDE	2.00	Officer Director	$0	$0	$0
ROB CRISP	DIRECTOR	1.00	Director	$0	$0	$0
JON JAHNKE	DIRECTOR	1.00	Director	$0	$0	$0
RITA SPACCAPANICCIA	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SPAHN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
BRETT DALE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KEHOE	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS GERSCH	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
2024	No data	No data	No data	No data
2023	$47,496	$101,476	$33,013	$-53,980
2022	$281,245	$265,133	$87,252	$16,112
2021	$269,666	$275,256	$71,082	$-5,590
2020	$214,577	$241,632	$76,884	$-27,055
2019	$328,184	$408,949	$105,427	$-80,765
2018	$366,679	$291,134	$184,554	$75,545

CHARLES TILLMAN CORNERSTONE FOUNDATION