Cornerstone University (EIN 381443369) - 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

1941

Legal Domicile

Phone

6169495300

Tax Period

2023-06-01 to 2024-05-31

Cornerstone University, founded in 1941, is a mid-sized nonprofit in the Education sector that reported $53.6M in total revenue in fiscal year 2023.

Mission

Cornerstone University exists to empower men and women to excel as influencers in our world for Christ by offering a student-focused learning community where Jesus Christ is central.

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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 $6,011,527

Program Service Revenue $47,085,224

Investment Income $345,364

Other Revenue $197,304

TOTAL REVENUE $53,639,419

Expense Breakdown

Grants Paid $16,183,816

Salaries & Benefits $23,443,751

Fundraising Expenses $1,735,374

Program Expenses $45,493,595

Other Expenses $15,636,004

TOTAL EXPENSES $55,326,488

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,639,419	$53,411,196	+0.0%
Expenses	$55,326,488	$53,362,947	+0.0%
Net Income	$-1,687,069	$48,249	-36.0%

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

1148

Volunteers

170

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

$973,870

Total Directors

$367,204

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee, Secretary	1.0	Officer Director	$0	$0	$0
N/A	Trustee, Treasurer	1.0	Officer Director	$0	$0	$0
N/A	President	50.0	Officer Director	$331,369	$35,835	$367,204
N/A	Trustee, Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Trustee, Chair	1.0	Officer Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	VP for Academics	50.0	Officer	$136,236	$8,932	$145,168
N/A	VP Finance / CFO	50.0	Officer	$50,037	$0	$50,037
N/A	VP Chief of Staff	50.0	Officer	$187,200	$32,729	$219,929
N/A	VP CFO	50.0	Officer	$127,983	$63,549	$191,532
N/A	Sec Dir of Accreditation	50.0	Highest	$130,090	$0	$130,090
N/A	Seminary Faculty	50.0	Highest	$114,100	$1,022	$115,122
N/A	Dean School of Ministry	50.0	Highest	$106,920	$24,783	$131,703
N/A	AVP Marketing	50.0	Highest	$125,490	$22,759	$148,249
N/A	VP of Advancement	50.0	Highest	$113,110	$21,454	$134,564

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	$53,639,419	$55,326,488	$105,225,637	$-1,687,069
2023	$53,411,196	$53,362,947	$104,686,388	$48,249
2022	$59,861,010	$56,196,902	$108,326,203	$3,664,108
2021	$58,079,674	$50,218,529	$108,650,867	$7,861,145
2020	$55,341,460	$51,083,926	$101,647,008	$4,257,534
2019	$54,068,050	$51,532,223	$99,878,742	$2,535,827

Cornerstone University