CORNERSTONE MEDICAL SERVICES FOUNDATION

EIN: 273832515 501(c)(3) Health Care

FEDERAL WAY, WA

Total Revenue
$129,707
Total Expenses
$95,463
Total Assets
$86,421
Net Assets
$86,421
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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
WA
Principal Officer
MYUNGJA MIA LEE
Phone
2063272433
Tax Period
2024-01-01 to 2024-12-31

CORNERSTONE MEDICAL SERVICES FOUNDATION, founded in 2010, is a small nonprofit in the Health Care sector that reported $130K in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 26% operating margin.

Mission

OUR MISSION IS TO IMPROVE THE HEALTH ACCESS AND OUTCOMES FOR THE UNDERSERVED, LIMITED ENGLISH PROFICIENCY IMMIGRANTS WITH A VISION THAT THE PERSONS WHO TAKES CARE OF OTHERS EXPERIENCE THE MOST POWERFUL FORM OF EQUITY

Program Service Accomplishments

Program 1
Expenses: $58,631 Revenue: $126,706

PROVIDED FREE DOCTOR'S CONSULTATIONS, FREE PRESCRIPTION SERVICES, FREE LAB TESTS, FREE DENTAL SERVICES, FREE ACUPUNCTURE SERVICES, FREE PSYCHOLOGY COUNSELING SERVICES FOR UNINSURED LOW INCOME...

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PROVIDED FREE DOCTOR'S CONSULTATIONS, FREE PRESCRIPTION SERVICES, FREE LAB TESTS, FREE DENTAL SERVICES, FREE ACUPUNCTURE SERVICES, FREE PSYCHOLOGY COUNSELING SERVICES FOR UNINSURED LOW INCOME FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $129,706
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $129,707

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $61,484
Other Expenses $95,463
TOTAL EXPENSES $95,463

Year-over-Year Comparison

2024 2023 Change
Revenue $129,707 $45,028 +1.9%
Expenses $95,463 $108,292 -0.1%
Net Income $34,244 $-63,264 -1.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYUNGJA MIA LEE PRESIDENT N/A
Officer Director
$0 $0 $0
ROSA HYUNSOOK HWANG TREASURER N/A
Officer
$0 $0 $0
CHRIS KIM CHAIRMAN N/A
Officer
$0 $0 $0
MI HYEON KIM SECRETARY N/A
Officer
$0 $0 $0
TAIK LEE PR AND IT MA N/A
Officer
$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 No data No data No data No data
2024 $129,707 $95,463 $86,421 $34,244
2023 $45,028 $108,292 $52,177 $-63,264
2022 $115,405 $10,554 $115,441 $104,851
2018 $152,949 $154,535 $46,953 $-1,586
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