THE CORNERSTONE INITIATIVE (EIN 275159255) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

THE CORNERSTONE INITIATIVE, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $201K in total revenue in fiscal year 2018. Revenue surged 84% from the prior year, signaling strong growth momentum.

Mission

The CornerStone Initiative is a faith-based nonprofit organization committed to encouraging and equipping men and women in Madison County, Alabama as they navigate a pathway out ofpoverty to a place of sustainable self-sufficiency.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $291,310

Program Service Revenue $0

Investment Income $0

Other Revenue $27,926

TOTAL REVENUE $319,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $184,392

Fundraising Expenses $0

Program Expenses $243,897

Other Expenses $59,505

TOTAL EXPENSES $243,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,236	$216,620	+0.5%
Expenses	$243,897	$227,554	+0.1%
Net Income	$75,339	$-10,934	-7.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Role	Reportable Comp	Other Comp	Total
BRANDON CARRIN	DIRECTOR	Director	$0	$0	$0
KATIE HERR	DIRECTOR	Director	$0	$0	$0
BILL NASH	SPIRITUAL DIRECTOR	Director	$0	$0	$0
JANE DANIEL	DIRECTOR	Director	$0	$0	$0
DOCQUINN TAYLOR	VICE PRESIDENT	Officer Director	$0	$0	$0
TERRY BOYD	BOARD PRESIDENT	Officer Director	$0	$0	$0
CALEB FICKEN	TREASURER	Officer Director	$0	$0	$0
ELIZABETH JACOBUS	SECRETARY	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	$319,236	$243,897	$256,575	$75,339
2022	$216,620	$227,554	$180,170	$-10,934
2021	$210,522	$219,780	$189,604	$-9,258
2020	$260,529	$205,169	$198,609	$55,360
2019	$196,391	$182,054	$107,367	$14,337
2018	$200,611	$198,869	$94,702	$1,742

THE CORNERSTONE INITIATIVE