Cornerstone Academy co Richard Van der Molen (EIN 363964772) - 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

1996

Legal Domicile

Principal Officer

Clarence Howard

Phone

8472846884

Tax Period

2024-07-01 to 2025-06-30

Cornerstone Academy co Richard Van der Molen, founded in 1996, is a small nonprofit in the Education sector that reported $245K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $330K exceeded revenue, resulting in a 35% operating deficit.

Mission

Our mission is to provide a supportive Christian education for students who may benefit from personalized attention as they work toward a high school diploma while developing tools for self-sufficiency and a Christian life ethic.

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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 (2024)

Revenue Breakdown

Contributions & Grants $207,750

Program Service Revenue $36,653

Investment Income $0

Other Revenue $296

TOTAL REVENUE $244,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,203

Fundraising Expenses $5,898

Program Expenses $294,393

Other Expenses $85,303

TOTAL EXPENSES $329,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,699	$339,889	-0.3%
Expenses	$329,506	$319,672	+0.0%
Net Income	$-84,807	$20,217	-5.2%

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

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

$70,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey Fields	Principal	40.00	Director	$70,000	$0	$70,000
Clarence Howard	Preseident	3.00	Officer Director	$0	$0	$0
Leslie McCants	Vice President	3.00	Officer Director	$0	$0	$0
Ariel Correa	Director	3.00	Director	$0	$0	$0
Richard Van der Molen	Treasurer	3.00	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
2025	$244,699	$329,506	$111,418	$-84,807
2024	$339,889	$319,672	$275,482	$20,217
2023	$342,767	$342,995	$215,996	$-228
2022	$457,922	$422,167	$196,756	$35,755
2021	$382,039	$357,474	$192,386	$24,565

Cornerstone Academy co Richard Van der Molen