CORNERSTONE CENTER FOR THE ARTS INC (EIN 351804398) - 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

1988

Legal Domicile

Principal Officer

CAROL BRADSHAW

Phone

7652819503

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE CENTER FOR THE ARTS INC, founded in 1988, is a small nonprofit that reported $734K in total revenue in fiscal year 2023. Expenses of $815K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION WAS FORMED TO NURTURE COMMUNITY CONNECTIONS BY PROVIDING OPPORTUNITIES FOR CREATIVE EXPRESSION, EDUCATIONAL PROGRAMS, AND EVENTS IN A HISTORIC SETTING.

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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 $575,935

Program Service Revenue $155,521

Investment Income $266

Other Revenue $2,314

TOTAL REVENUE $734,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $434,722

Fundraising Expenses $27,447

Program Expenses $605,903

Other Expenses $379,835

TOTAL EXPENSES $814,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$734,036	$714,891	+0.0%
Expenses	$814,557	$752,928	+0.1%
Net Income	$-80,521	$-38,037	+1.1%

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

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
CAROL BRADSHAW	CHAIR	5.00	Officer Director	$0	$0	$0
ALLEN WISELEY	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KOURTNEY MCCAULIFF	SECRETARY	5.00	Officer Director	$0	$0	$0
BARBARA SCHAFER	PAST CHAIR/T	5.00	Officer Director	$0	$0	$0
CARRIE BRADSHAW	DIRECTOR	0.50	Director	$0	$0	$0
DR MARIA WILLIAMS-HAWKINS	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTEN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
IAN ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
GARY ADDISON	DIRECTOR	0.50	Director	$0	$0	$0
JULIE TERHUNE	DIRECTOR	0.50	Director	$0	$0	$0
HOLLY JUIP	DIRECTOR	0.50	Director	$0	$0	$0
KIM GILLENWATER	DIRECTOR	0.50	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	$734,036	$814,557	$1,729,817	$-80,521
2022	$714,891	$752,928	$2,528,628	$-38,037
2021	$637,187	$733,699	$2,704,875	$-96,512
2020	$568,995	$478,613	$2,734,971	$90,382
2019	$894,496	$795,277	$2,747,888	$99,219
2018	$907,753	$760,704	$2,584,190	$147,049

CORNERSTONE CENTER FOR THE ARTS INC