Cornerstone Charter Academy A Challenge Foundation Academy Inc

EIN: 454013739 501(c)(3) Education

Greensboro, NC

Total Revenue
$15,718,215
Total Expenses
$14,750,443
Total Assets
$40,306,094
Net Assets
$-1,270,455
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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
2011
Legal Domicile
NC
Principal Officer
Cyndie Swindlehurst
Phone
3364823855
Tax Period
2023-07-01 to 2024-06-30

Cornerstone Charter Academy A Challenge Foundation Academy Inc, founded in 2011, is a mid-sized nonprofit in the Education sector that reported $15.7M in total revenue in fiscal year 2023. Expenses of $14.8M left a modest 6% surplus.

Mission

To operate a public charter school for the education of children.

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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 $14,257,335
Program Service Revenue $59,231
Investment Income $452,106
Other Revenue $949,543
TOTAL REVENUE $15,718,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,485,993
Fundraising Expenses $0
Program Expenses $11,557,862
Other Expenses $4,264,450
TOTAL EXPENSES $14,750,443

Year-over-Year Comparison

2023 2022 Change
Revenue $15,718,215 $15,042,441 +0.0%
Expenses $14,750,443 $12,879,994 +0.1%
Net Income $967,772 $2,162,447 -0.6%
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
172
Volunteers
25

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
3
$0
Total Directors
9
$327,358
Key Employees
3
$327,358
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Crystall Scillitani Member 2.00
Director
$0 $0 $0
Cyndie Swindlehurst President 8.00
Officer Director
$0 $0 $0
Andrew Wright Member 2.00
Director
$0 $0 $0
Joe Caraher School Director 40.00
Director Key Emp Highest
$153,694 $0 $153,694
John Lawrence School Director 40.00
Director Key Emp
$102,824 $0 $102,824
Chris Gorham Treasurer 8.00
Officer Director
$0 $0 $0
Jonetta Appling Secretary 8.00
Officer Director
$0 $0 $0
Claire Dobbs Finance Manager 40.00
Director Key Emp
$70,840 $0 $70,840
Ryan Homer Member 2.00
Director
$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 $15,718,215 $14,750,443 $40,306,094 $967,772
2023 $15,042,441 $12,879,994 $38,834,288 $2,162,447
2022 $13,898,113 $12,085,015 $36,926,474 $1,813,098
2021 $12,869,644 $11,615,056 $33,722,732 $1,254,588
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