CORNERSTONE ALLIANCE

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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

1988

Legal Domicile

Principal Officer

CHRISTINA FRANK

Phone

2699256100

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE ALLIANCE, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum.

Mission

CORNERSTONE ALLIANCE DELIVERS CUSTOMER-FOCUSED ECONOMIC DEVELOPMENT SOLUTIONS THROUGH PARTNERSHIPS THAT GROW EMPLOYMENT OPPORTUNITIES, INCREASE THE TAX BASE AND ADD TO THE ECONOMIC VIBRANCY OF MICHIGAN'S GREAT SOUTHWEST.

Program Service Accomplishments

Program 1

Expenses: $4,088,216 Revenue: $228,028

CORNERSTONE ALLIANCE IS AN ECONOMIC DEVELOPMENT ORGANIZATION (EDO) ENGAGED IN ACTIVITIES TO IMPROVE THE ECONOMIC PERFORMANCE OF MICHIGAN'S GREAT SOUTHWEST. THE 2022-2024 STRATEGIC PLAN IS FOCUSED ON FOUR INITIATIVES: ECONOMIC GROWTH, PHYSICAL DEVELOPMENT, COMMUNITY LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT.

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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 $4,152,850

Program Service Revenue $208,489

Investment Income $21,179

Other Revenue $35,819

TOTAL REVENUE $4,418,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,164,218

Fundraising Expenses $247,183

Program Expenses $4,088,216

Other Expenses $3,685,135

TOTAL EXPENSES $4,849,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,418,337	$3,194,171	+0.4%
Expenses	$4,849,353	$3,537,824	+0.4%
Net Income	$-431,016	$-343,653	+0.3%

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

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

$275,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN JANICK	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL TODMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRYAN VON DORPOWSKI	TREASURER	1.00	Officer Director	$0	$0	$0
CHRISTOPHER COOK	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA ENDER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GEIK	DIRECTOR	1.00	Director	$0	$0	$0
SHELLEY KLUG	DIRECTOR	1.00	Director	$0	$0	$0
TIM MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MCFARLAND	DIRECTOR	1.00	Director	$0	$0	$0
RICK VILLA	DIRECTOR	1.00	Director	$0	$0	$0
KEN WHAH	DIRECTOR	1.00	Director	$0	$0	$0
PAM KLYN	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE BAGGIO	DIRECTOR	1.00	Director	$0	$0	$0
TIM DREWS	DIRECTOR	1.00	Director	$0	$0	$0
TIM DYER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA GOOS	DIRECTOR	1.00	Director	$0	$0	$0
VAIL HARDING	DIRECTOR	1.00	Director	$0	$0	$0
JULIO MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
TODD OBREN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DISSETTE	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SALEEBY	DIRECTOR	1.00	Director	$0	$0	$0
SHANE LIES	DIRECTOR	1.00	Director	$0	$0	$0
DAVE KINSMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CLEVELAND	PRESIDENT/CEO	40.00	Officer	$262,106	$13,519	$275,625
CHRISTINA FRANK	VP OF EXTRNAL AFFAIRS	40.00	Highest	$135,535	$3,165	$138,700
ANDREW HAAN	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$125,000	$0	$125,000

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
2024	No data	No data	No data	No data
2023	$4,418,337	$4,849,353	$7,171,886	$-431,016
2022	$3,194,171	$3,537,824	$8,999,885	$-343,653
2021	$1,908,285	$2,156,063	$8,712,040	$-247,778
2020	$2,070,906	$2,129,828	$7,714,516	$-58,922
2019	$2,706,402	$2,924,073	$11,025,035	$-217,671
2018	$2,860,400	$3,609,907	$12,056,675	$-749,507