CORNERSTONE CHARTER ACADEMY INC (EIN 272154495) - 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

2010

Legal Domicile

Principal Officer

WILLIAM G BROOKS

Phone

3056692906

Tax Period

2023-07-01 to 2024-06-30

CORNERSTONE CHARTER ACADEMY INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $21.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $19.8M left a modest 9% surplus.

Mission

TO PROVIDE A COLLEGE PREPARATORY EDUCATIONAL ENVIRONMENT WITH A CURRICULAR EMPHASIS ON BIOTECHNOLOGY AND LIFE SCIENCES THAT FURTHERS THE PHILOSOPHY OF RESPECT AND HIGH EXPECTATIONS FOR ALL, ENABLING STUDENTS TO BECOME CONFIDENT, SELF-DIRECTED, AND RESPONSIBLE LIFE-LONG AND LIFE SCIENCES THAT FURTHERS THE PHILOSOPHY OF RESPECT AND HIGH EXPECTATIONS FOR ALL, ENABLING STUDENTS TO BECOME CONFIDENT,SELF-DIRECTED, AND RESPONSIBLE LIFE-LONG LEARNERS.

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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 $0

Program Service Revenue $18,971,110

Investment Income $2,567,551

Other Revenue $290,454

TOTAL REVENUE $21,829,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,529,510

Fundraising Expenses $0

Program Expenses $16,920,020

Other Expenses $9,256,499

TOTAL EXPENSES $19,786,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,829,115	$17,886,563	+0.2%
Expenses	$19,786,009	$17,126,441	+0.2%
Net Income	$2,043,106	$760,122	+1.7%

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

172

Volunteers

1701

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

$164,283

Total Directors

$164,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM G BROOKS	DIRECTOR, BO	2.00	Officer Director	$0	$0	$0
DR KEITH VAN DYKE	DIRECTOR, VI	2.00	Officer Director	$0	$0	$0
CHARLYNE CROSS	DIRECTOR, SE	2.00	Officer Director	$0	$0	$0
DANIEL SPRINGEN	TREASURER	2.00	Officer Director	$0	$0	$0
DR SHARON VYAS	DIRECTOR	2.00	Director	$0	$0	$0
MARC ADY	DIRECTOR	2.00	Director	$0	$0	$0
RALPH ARMSTEAD	DIRECTOR	2.00	Director	$0	$0	$0
ALEXA DOWLEN	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS FOURAKER	DIRECTOR	2.00	Director	$0	$0	$0
RENNE PANCOAST	PRINCIPAL	2.00	Officer Director	$164,283	$0	$164,283

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	No data	No data	No data	No data
2024	$21,829,115	$19,786,009	$58,228,183	$2,043,106
2023	$17,886,563	$17,126,441	$56,303,636	$760,122
2022	$15,088,339	$14,488,929	$25,399,169	$599,410
2021	$14,274,361	$13,428,847	$12,550,374	$845,514
2019	$12,355,640	$11,558,334	$8,343,305	$797,306
2018	$11,546,953	$10,680,498	$7,218,757	$866,455

CORNERSTONE CHARTER ACADEMY INC