Cornerstone Assistance Network of North Central Te (EIN 272535979) - 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

Jennifer Lutes

Tax Period

2023-01-01 to 2023-12-31

Cornerstone Assistance Network of North Central Te, founded in 2010, is a small nonprofit in the Human Services sector that reported $627K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $756K exceeded revenue, resulting in a 21% operating deficit.

Mission

To provide financial assistance, clothing. furniture, skills and support to those in need in our local area.

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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 $303,369

Program Service Revenue $0

Investment Income $83

Other Revenue $323,719

TOTAL REVENUE $627,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,156

Fundraising Expenses $73,007

Program Expenses $592,438

Other Expenses $506,713

TOTAL EXPENSES $755,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$627,171	$966,653	-0.4%
Expenses	$755,869	$905,577	-0.2%
Net Income	$-128,698	$61,076	-3.1%

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

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
Patricia Sharp	Board Member	2.00	Director	$0	$0	$0
Michael Xirinachs	Board Member	2.00	Director	$0	$0	$0
Allison Xirinachs	Board Member	2.00	Director	$0	$0	$0
John Faris	Board Member	2.00	Director	$0	$0	$0
Brad Bellard	Chairman	2.00	Director	$0	$0	$0
David Simpson	Vice-Chairman	2.00	Officer Director	$0	$0	$0
Jennifer Lutes	Founder & Exec Director	40.00	Officer Director	$0	$0	$0
Chris Kern	Secretary	2.00	Officer Director	$0	$0	$0
Kerry Carothers	Treasurer	2.00	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
2024	No data	No data	No data	No data
2023	$627,171	$755,869	$307,526	$-128,698
2022	$966,653	$905,577	$419,063	$61,076
2021	$613,589	$550,338	$330,548	$63,251
2020	$772,222	$688,504	$267,161	$83,718
2019	$592,759	$590,131	$176,996	$2,628
2018	$494,443	$489,126	$179,134	$5,317

Cornerstone Assistance Network of North Central Te