CORNERSTONE OF JACKSONVILLE INC

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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

2014

Legal Domicile

Principal Officer

DONNA STABLES

Phone

9047305500

Tax Period

2023-07-01 to 2024-06-30

CORNERSTONE OF JACKSONVILLE INC, founded in 2014, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $4.1M exceeded revenue, resulting in a 36% operating deficit.

Mission

CORNERSTONE OF JACKSONVILLE, IN PARTNERSHIP WITH HOME AND COMMUNITY, SEEKS WITHINA COLLEGE PREPARATORY ENVIRONMENT, TO PREPARE STUDENTS ACADEMICALLY AND SOCIALLY FOR THEIR FUTURE IMPACT ON THE COMMUNITY AS PRODUCTIVE CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $2,407,220

TO PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS.

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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 $337,223

Program Service Revenue $2,635,802

Investment Income $6,503

Other Revenue $39,799

TOTAL REVENUE $3,019,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,544,182

Fundraising Expenses $0

Program Expenses $4,118,002

Other Expenses $2,573,820

TOTAL EXPENSES $4,118,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,019,327	$3,542,123	-0.1%
Expenses	$4,118,002	$3,405,765	+0.2%
Net Income	$-1,098,675	$136,358	-9.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA STABLES	CHAIRMAN	N/A	Officer Director	$0	$0	$0
DONALD CORLEY III	TREASURER	N/A	Officer Director	$0	$0	$0
N/A	SECRETARY	N/A	Officer Director	$0	$0	$0
CAROLYN SABINSKY	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON MCKINNEY	DIERCTOR	N/A	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	$3,019,327	$4,118,002	$895,364	$-1,098,675
2023	$3,542,123	$3,405,765	$1,931,720	$136,358
2022	$3,247,578	$3,213,514	$1,807,951	$34,064
2021	$3,077,054	$2,653,031	$1,609,799	$424,023
2020	$2,758,521	$2,934,067	$1,432,457	$-175,546
2020	$2,758,521	$2,903,205	$1,432,457	$-144,684
2019	$2,945,577	$2,876,528	$1,332,029	$69,049
2018	$2,885,656	$2,685,804	$1,305,099	$199,852