Cornet Association of America (EIN 272521668) - 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

George N Harris

Phone

2024577200

Tax Period

2024-07-01 to 2025-06-30

Cornet Association of America, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 68% operating margin.

Mission

To support, promote and advance (1)medical science and health care, innovation and alternative forms of education; continued Sch O.

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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 $0

Program Service Revenue $0

Investment Income $537,882

Other Revenue $1,309,780

TOTAL REVENUE $1,847,662

Expense Breakdown

Grants Paid $160,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,000

Other Expenses $424,020

TOTAL EXPENSES $584,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,847,662	$1,748,827	+0.1%
Expenses	$584,020	$477,044	+0.2%
Net Income	$1,263,642	$1,271,783	0.0%

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
Donald D Kozusko	Secretary Treasurer	1.0	Officer Director	$0	$0	$0
George N Harris Jr	President	1.0	Officer Director	$0	$0	$0
Edwin J Broecker	Vice President	1.0	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
2025	$1,847,662	$584,020	$56,059,244	$1,263,642
2024	$1,748,827	$477,044	$54,795,602	$1,271,783
2023	$1,420,994	$459,996	$53,523,820	$960,998
2022	$52,915,713	$352,891	$52,562,822	$52,562,822

Cornet Association of America