Cornerstone of Topeka Inc (EIN 481021157) - 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

1986

Legal Domicile

Principal Officer

Christopher Palmer

Phone

7852321650

Tax Period

2024-01-01 to 2024-12-31

Cornerstone of Topeka Inc, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $864K, a strong 40% operating margin.

Mission

All of Cornerstone efforts are directed toward interrupting the cycle of homelessness, providing decent, safe, accessible and affordable housing of choice to moderate and low-income households, and revitalizing Topeka neighborhoods.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,083,624

Program Service Revenue $1,099,139

Investment Income $1,411

Other Revenue $-1,522

TOTAL REVENUE $2,182,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,066

Fundraising Expenses $6,308

Program Expenses $1,049,910

Other Expenses $834,019

TOTAL EXPENSES $1,319,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,182,652	$1,590,559	+0.4%
Expenses	$1,319,085	$1,205,394	+0.1%
Net Income	$863,567	$385,165	+1.2%

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

$110,446

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark DeGroff	President	1.00	Officer Director	$0	$0	$0
Sara Hood	Vice-President	1.00	Officer Director	$0	$0	$0
RJ McGuire	Treasurer (Thru 05/24)	1.00	Officer Director	$0	$0	$0
Dianne Deuser	Board Member/Treasurer (Eff. 05/24)	1.00	Officer Director	$0	$0	$0
Frank Fulton	Secretary	1.00	Officer Director	$0	$0	$0
Matthew Baldwin	Board Member	1.00	Director	$0	$0	$0
Charles Franks	Board Member	1.00	Director	$0	$0	$0
Wayne French	Board Member	1.00	Director	$0	$0	$0
Anne McInerney	Board Member	1.00	Director	$0	$0	$0
Mirida Osborne	Board Member	1.00	Director	$0	$0	$0
Jonathan Henry	Board Member (Eff. 05/24)	1.00	Director	$0	$0	$0
Cody Fredrickson	Board Member (Eff. 05/24)	1.00	Director	$0	$0	$0
Christopher Palmer	Executive Director	40.00	Officer	$87,667	$22,779	$110,446

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	$2,182,652	$1,319,085	$10,688,993	$863,567
2023	$1,590,559	$1,205,394	$10,204,780	$385,165
2022	$1,755,566	$1,165,548	$9,462,883	$590,018
2021	$1,597,174	$1,057,948	$9,359,994	$539,226
2020	$1,023,551	$1,031,718	$8,993,078	$-8,167
2019	$1,546,187	$1,045,761	$8,222,080	$500,426
2018	$1,493,071	$969,609	$8,245,285	$523,462

Cornerstone of Topeka Inc