CORNERSTONE PREPARATORY ACADEMY INC (EIN 311832330) - 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

2004

Legal Domicile

Principal Officer

MARSHA ROBBINS

Phone

7705297077

Tax Period

2022-07-01 to 2023-06-30

CORNERSTONE PREPARATORY ACADEMY INC, founded in 2004, is a community nonprofit in the Education sector that reported $3.8M in total revenue in fiscal year 2022. Expenses of $3.6M left a modest 5% surplus.

Mission

TO PROVIDE STUDENTS (GRADES K-12) WITH A COMPREHENSIVE COLLEGE-PREPARATORY EDUCATION FROM A CHRISTIAN PERSPECTIVE, DEVELOPING THE STUDENT'S INDEPENDENT STUDY SKILLS, WORK ETHIC AND STUDY HABITS CRITICAL TO COLLEGE SUCCESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $13,067

Program Service Revenue $3,700,267

Investment Income $40,417

Other Revenue $49,483

TOTAL REVENUE $3,803,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,985,704

Fundraising Expenses $0

Program Expenses $2,957,249

Other Expenses $1,645,698

TOTAL EXPENSES $3,631,402

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,803,234	$3,860,564	0.0%
Expenses	$3,631,402	$3,312,152	+0.1%
Net Income	$171,832	$548,412	-0.7%

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

Volunteers

130

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
STEPHEN DEFRANCESCO	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
BRYAN GALAT	DIRECTOR	1.00	Director	$0	$0	$0
ERIK SPEER	TREASURER	1.00	Director	$0	$0	$0
ALISON LUKE	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW BAINES	VICE CHAIR	1.00	Director	$0	$0	$0
CHRISTIAN PITTS	DIRECTOR	1.00	Director	$0	$0	$0
KENN BAKER	DIRECTOR	1.00	Director	$0	$0	$0
FRED BORDERS	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,803,234	$3,631,402	$11,973,787	$171,832
2022	$3,860,564	$3,312,152	$11,938,695	$548,412
2021	$3,834,687	$3,330,406	$10,249,627	$504,281
2020	$3,624,736	$3,298,734	$10,182,596	$326,002
2019	$3,525,462	$3,186,378	$9,899,678	$339,084

CORNERSTONE PREPARATORY ACADEMY INC