Herbet J Cornwell And Anna W Cornwell Memorial Fund (EIN 481163817) - 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

1995

Legal Domicile

Phone

6206723400

Tax Period

2023-01-01 to 2023-12-31

Herbet J Cornwell And Anna W Cornwell Memorial Fund, founded in 1995, is a micro nonprofit in the Education sector that reported $49K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 49% operating deficit.

Mission

AWARD SCHOLARSHIPS TO HIGH SCHOOL STUDENTS GRADUATING FROM A HIGH SCHOOL IN STAFFORD COUNTY, KANSAS WHO WILL ATTEND A POST-SECONDARY SCHOOL IN KANSAS.

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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 $0

Program Service Revenue $0

Investment Income $45,216

Other Revenue $3,932

TOTAL REVENUE $49,148

Expense Breakdown

Grants Paid $53,525

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $53,525

Other Expenses $19,492

TOTAL EXPENSES $73,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,148	$70,097	-0.3%
Expenses	$73,017	$68,933	+0.1%
Net Income	$-23,869	$1,164	-21.5%

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

N/A

Volunteers

N/A

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	Role	Reportable Comp	Other Comp	Total
Lorin J Haas	Trustee	Officer Director	$0	$0	$0
Blain White	Member	Director	$0	$0	$0
Katie Minks	Member	Director	$0	$0	$0
Theresa Lowther	Member	Director	$0	$0	$0
Wendy Hacker	Member	Director	$0	$0	$0
Michelle Blaske	Member	Director	$0	$0	$0
Kay Stimatze	Member	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	No data	No data	No data	No data
2023	$49,148	$73,017	$1,484,747	$-23,869
2022	$70,097	$68,933	$1,508,616	$1,164
2021	$163,106	$60,129	$1,507,452	$102,977
2020	$53,304	$70,484	$1,404,475	$-17,180
2019	$42,818	$69,007	$1,421,655	$-26,189
2018	$192,796	$67,558	$1,447,844	$125,238

Herbet J Cornwell And Anna W Cornwell Memorial Fund