E G Cornwell Educational Trust (EIN 371064808) - 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

1950

Legal Domicile

Principal Officer

James Frazier

Phone

6184985541

Tax Period

2024-07-01 to 2025-06-30

E G Cornwell Educational Trust, founded in 1950, is a micro nonprofit that reported $44K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $72K exceeded revenue, resulting in a 64% operating deficit.

Mission

Education Grants

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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 $16,250

Program Service Revenue $0

Investment Income $27,687

Other Revenue $0

TOTAL REVENUE $43,937

Expense Breakdown

Grants Paid $67,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,882

Other Expenses $5,114

TOTAL EXPENSES $72,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,937	$81,861	-0.5%
Expenses	$72,114	$46,503	+0.6%
Net Income	$-28,177	$35,358	-1.8%

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

N/A

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

$500

Total Directors

$500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Frazier	Trustee	1.00	Officer Director	$500	$0	$500
Thomas Leslie	Trustee	1.00	Director	$0	$0	$0
Judy Pruitt	Trustee	1.00	Director	$0	$0	$0
Jason Brunaugh	Trustee	1.00	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	$43,937	$72,114	$845,531	$-28,177
2024	$81,861	$46,503	$864,580	$35,358
2023	$107,195	$38,683	$820,671	$68,512
2022	$48,580	$39,020	$750,025	$9,560
2021	$70,998	$72,260	$763,561	$-1,262
2020	$68,182	$80,244	$748,883	$-12,062
2019	$34,521	$58,257	$759,161	$-23,736

E G Cornwell Educational Trust