CORNERSTONE RESCUE MISSION

EIN: 363296431 501(c)(3)

RAPID CITY, SD

Total Revenue
$6,098,861
Total Expenses
$5,996,123
Total Assets
$10,499,754
Net Assets
$8,915,553
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
SD
Principal Officer
LYSA ALLISON
Phone
6057188712
Tax Period
2024-01-01 to 2024-12-31

CORNERSTONE RESCUE MISSION, founded in 1985, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE SHELTER, FOOD, CLOTHING, GOSPEL, SOCIAL SERVICE REFERRALS, AND ASSISTANCE TO THE HOMELESS.

Program Service Accomplishments

Program 1
Expenses: $4,899,805 Revenue: $86,116

THE ORGANIZATION SERVED APPROXIMATELY 116,918 MEALS AVERAGING 320 MEALS PER DAY AND 24,687 NIGHTS OF LODGING AVERAGING 68 PEOPLE PER NIGHT. THE CORNERSTONE RESCUE MISSION PROVIDED CLOTHING AND HOUSE...

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THE ORGANIZATION SERVED APPROXIMATELY 116,918 MEALS AVERAGING 320 MEALS PER DAY AND 24,687 NIGHTS OF LODGING AVERAGING 68 PEOPLE PER NIGHT. THE CORNERSTONE RESCUE MISSION PROVIDED CLOTHING AND HOUSE WARES TO OVER 240 CLIENTS AS WELL AS OTHER TYPES OF BENEVOLENT ASSISTANCE. THE ORGANIZATION ALSO HELPED PROVIDE 234 CLIENTS WITH PERMANENT HOUSING.COMMUNITY TRANSITION PROGRAM (CTP) IS A PRISON RE-ENTRY PROGRAM DESIGNED TO HELP PAROLEES REINTEGRATE INTO SOCIETY. SERVICES PROVIDED INCLUDE CASE MANAGEMENT, SHELTER, FOOD, TRANSPORTATION, EMPLOYMENT SEARCH ASSISTANCE AND HOUSING SEARCH ASSISTANCE. THE CTP PROGRAM PROVIDED 13,428 NIGHTS OF LODGING AVERAGING 37 PEOPLE PER NIGHT.

Program 2
Expenses: $772,905 Revenue: $78,762

THE THRIFT STORE SELLS ITEMS THAT HAVE BEEN DONATED, SUCH AS CLOTHING, FURNITURE, HOUSEHOLD GOODS, ETC. AT ECONOMICAL PRICES TO THE PUBLIC. THE PROFITS FROM THE THRIFT STORE SUPPORT THE CORNERSTONE...

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THE THRIFT STORE SELLS ITEMS THAT HAVE BEEN DONATED, SUCH AS CLOTHING, FURNITURE, HOUSEHOLD GOODS, ETC. AT ECONOMICAL PRICES TO THE PUBLIC. THE PROFITS FROM THE THRIFT STORE SUPPORT THE CORNERSTONE WOMEN & CHILDREN'S HOME.IN ADDITION, A VOUCHER PROCESS ALLOWS CLIENTS TO OBTAIN ITEMS AT THE STORE TO SUPPORT SUSTAINABILITY FOR THEIR HOUSING AND EMPLOYMENT. IT ALSO SERVES AS A SITE FOR PEOPLE FROM THE COMMUNITY WHO CHOOSE TO VOLUNTEER OR ARE ASSIGNED COMMUNITY SERVICE HOURS.

Program 3
Revenue: $216,704

THE CORNERSTONE APARTMENTS PROVIDES A PERMANENT SUPPORTIVE HOUSING FACILITY WHICH PROVIDES A SELF-SUFFICIENCY PROGRAM FOR INDIVIDUALS AND FAMILIES WHO ARE HOMELESS AND DISABLED. THE FACILITY CONSISTS...

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THE CORNERSTONE APARTMENTS PROVIDES A PERMANENT SUPPORTIVE HOUSING FACILITY WHICH PROVIDES A SELF-SUFFICIENCY PROGRAM FOR INDIVIDUALS AND FAMILIES WHO ARE HOMELESS AND DISABLED. THE FACILITY CONSISTS OF 24 TWO- AND THREE-BEDROOM FAMILY UNITS. ADULT TENANTS MEET WITH CASE MANAGERS REGULARLY IN ORDER TO ACHIEVE GOALS OUTLINED IN THE SELF-SUFFICIENCY PLAN.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,666,217
Program Service Revenue $102,417
Investment Income $35,462
Other Revenue $294,765
TOTAL REVENUE $6,098,861

Expense Breakdown

Grants Paid $775,471
Salaries & Benefits $3,157,046
Fundraising Expenses $46,672
Program Expenses $5,672,710
Other Expenses $2,063,606
TOTAL EXPENSES $5,996,123

Year-over-Year Comparison

2024 2023 Change
Revenue $6,098,861 $5,324,817 +0.1%
Expenses $5,996,123 $5,513,481 +0.1%
Net Income $102,738 $-188,664 -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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Governance

Voting Members
11
Independent Members
10
Employees
112
Volunteers
645

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
$119,634
Total Directors
12
$119,634
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYSA ALLISON EXECUTIVE DIRECTOR 40.00
Officer Director
$108,472 $11,162 $119,634
DR MARK HARLOW PRESIDENT 1.00
Officer Director
$0 $0 $0
FRANCIS KAUFMAN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DICK MCCONNELL SECRETARY 1.00
Officer Director
$0 $0 $0
ESTHER NEWBROUGH TREASURER (UNTIL SEPT 2024) 1.00
Officer Director
$0 $0 $0
TAMMY ACKERMAN DIRECTOR 1.00
Director
$0 $0 $0
GREG BARNIER DIRECTOR 1.00
Director
$0 $0 $0
BRYAN MICKLEY DIRECTOR 1.00
Director
$0 $0 $0
JOSHUA WOSEPKA DIRECTOR 1.00
Director
$0 $0 $0
GABRIELLE MORGANFIELD DIRECTOR 1.00
Director
$0 $0 $0
WINSTON PINTO DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN TAMANG MD DIRECTOR (BEG MAY 2024) 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
2024 $6,098,861 $5,996,123 $10,499,754 $102,738
2023 $5,324,817 $5,513,481 $9,504,043 $-188,664
2022 $4,748,059 $4,569,541 $9,355,272 $178,518
2021 $4,930,916 $4,285,208 $5,907,106 $645,708
2020 $5,312,079 $4,656,736 $5,266,865 $655,343
2019 $4,405,539 $4,300,979 $5,018,199 $104,560
2018 $3,936,194 $3,774,814 $4,884,767 $161,380
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