Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
The University, including Cornerstone Theological Seminary, Asia Biblical Theological Seminary, and radio ministries, 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.
Academic instruction and academic support make up the educational expenses. The university has over 270 full- and part-time staff and faculty. We have just under 2000 students on a 120-acre campus...
Academic instruction and academic support make up the educational expenses. The university has over 270 full- and part-time staff and faculty. We have just under 2000 students on a 120-acre campus and online.
Student services includes campus life and activities including athletics, health counseling services, enrollment services financial aid, etc. Organized activities include summer sports camps, golf...
Student services includes campus life and activities including athletics, health counseling services, enrollment services financial aid, etc. Organized activities include summer sports camps, golf outings, special academic and athletic trips, banquets, and other miscellaneous activities.
Auxiliaries include room and board, apartment rentals, hospitality and events, and radio ministries. Cornerstone Radio Ministries includes the operations of five noncommercial radio stations WCSG...
Auxiliaries include room and board, apartment rentals, hospitality and events, and radio ministries. Cornerstone Radio Ministries includes the operations of five noncommercial radio stations WCSG, Grand Rapids with signals also in Kalamazoo, Benton Harbor and Battle Creek. 3,548,831 is included in contribution revenue on Part VIII, Line 1f.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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