CORNERSTONE CHRISTIAN ACADEMY

EIN: 382467832 501(c)(3) Education

FREMONT, MI

Total Revenue
$213,907
Total Expenses
$176,520
Total Assets
$172,541
Net Assets
$169,124
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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
1987
Legal Domicile
MI
Principal Officer
TRACY HARRISON
Phone
2319246497
Tax Period
2023-07-01 to 2024-06-30

CORNERSTONE CHRISTIAN ACADEMY, founded in 1987, is a small nonprofit in the Education sector that reported $214K in total revenue in fiscal year 2023. The organization ran a surplus of $37K, a strong 17% operating margin.

Mission

TO PROVIDE CHRISTIAN EDUCATION FOR CHILDREN IN KINDERGARTEN THROUGH EIGHTH GRADE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,371
Program Service Revenue $117,232
Investment Income $18,010
Other Revenue $17,294
TOTAL REVENUE $213,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $121,121
Fundraising Expenses $0
Program Expenses $162,287
Other Expenses $55,399
TOTAL EXPENSES $176,520

Year-over-Year Comparison

2023 2022 Change
Revenue $213,907 N/A N/A
Expenses $176,520 N/A N/A
Net Income $37,387 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
Employees
5
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYON HOMAN BOARD MEMBER 1.00
Director
$0 $0 $0
RHONDA NORRIS VICE PRESIDE 1.00
Director
$0 $0 $0
VANESSA PEDERSEN BOARD MEMBER 1.00
Director
$0 $0 $0
MELANIE WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
TRACY HARRISON TREASURER 3.00
Officer
$0 $0 $0
BILLY SPENCER PRESIDENT 2.00
Officer
$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 No data No data No data No data
2024 $213,907 $176,520 $172,541 $37,387
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