CORNERSTONE MINISTRIES INC (EIN 412053259) - 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

2002

Principal Officer

KIRT RUBY

Phone

4694241887

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE MINISTRIES INC, founded in 2002, is a mid-sized nonprofit in the Mental Health sector that reported $15.2M in total revenue in fiscal year 2023. Revenue surged 658% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.9M, a strong 85% operating margin.

Mission

CORNERSTONE MINISTRIES PROVIDES A HOME WHERE ADULTS WITH SPECIAL NEEDS CAN EXPERIENCE ABUNDANT LIFE. BUILT ON CHRISTIAN VALUES, ITS FAMILY-CENTRIC ENVIRONMENT CREATES A SAFE PLACE WHERE INDEPENDENCE THRIVES, CHARACTER GROWS, AND CONFIDENCE IS NURTURED.

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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 $14,921,407

Program Service Revenue $411,342

Investment Income $54,349

Other Revenue $-162,641

TOTAL REVENUE $15,224,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $334,506

Program Expenses $1,495,708

Other Expenses $2,274,696

TOTAL EXPENSES $2,274,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,224,457	$2,008,284	+6.6%
Expenses	$2,274,696	$1,798,796	+0.3%
Net Income	$12,949,761	$209,488	+60.8%

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

Volunteers

500

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

$230,631

Total Directors

$38,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRT RUBY	BOARD CHAIRM	1.00	Director	$0	$0	$0
MICKY REEVES	VICE CHAIRMA	1.00	Director	$0	$0	$0
MENDY TAPP	TREASURER	1.00	Director	$0	$0	$0
CYNTHIA HEATON	SECRETARY	1.00	Director	$0	$0	$0
DAVID HEATON	EXEC DIR OF	40.00	Officer Director	$38,893	$0	$38,893
STEVE FISCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY LAFERNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE PHILIPS	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GERRY TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BARBER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN VESTAL	DEVELOPMENT	40.00	Officer	$16,777	$0	$16,777
TERRY ECK	DIRECTOR	40.00	Officer	$72,913	$0	$72,913
MORGAN RUSSELL	RESIDENTIAL	40.00	Officer	$64,316	$0	$64,316
IAN HAY	FACILITIES M	40.00	Officer	$37,732	$0	$37,732

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	$15,224,457	$2,274,696	$21,894,962	$12,949,761
2022	$2,008,284	$1,798,796	$8,934,877	$209,488
2021	$1,911,358	$1,298,646	$3,884,140	$612,712
2020	$1,222,921	$1,144,835	$3,303,503	$78,086
2019	$1,513,280	$1,193,828	$3,275,923	$319,452
2018	$1,349,431	$1,063,967	$2,931,408	$285,464

CORNERSTONE MINISTRIES INC