CORNERSTONE ASSISTED LIVING INC (EIN 481241079) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Phone

3147338000

Tax Period

2024-07-01 to 2025-06-30

CORNERSTONE ASSISTED LIVING INC, founded in 2001, is a mid-sized nonprofit in the Human Services sector that reported $16.7M in total revenue in fiscal year 2024.

Mission

PROVIDE QUALITY RESIDENTIAL RETIREMENT LIVING THAT PROMOTES GENERAL HEALTH OF THEIR RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $16,257,199

Investment Income $354,947

Other Revenue $94,890

TOTAL REVENUE $16,707,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,693,993

Fundraising Expenses $0

Program Expenses $13,264,565

Other Expenses $8,176,779

TOTAL EXPENSES $16,870,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,707,036	$15,797,069	+0.1%
Expenses	$16,870,772	$16,033,955	+0.1%
Net Income	$-163,736	$-236,886	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

212

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

$3,259,042

Total Directors

$3,625,985

Key Employees

$157,214

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN SHADBOLT	VP POST ACUTE & AT-HOME SERVICES & CEO/SECRETARY	0.0	Officer Director	$0	$52,831	$622,399
LISA ANN MUSGRAVE MHA BSN RN	SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR	0.0	Officer Director	$0	$56,092	$1,599,602
ROBIN T BINEK	AVP OF FINANCE, ASCENSION LIVING/TREASURER	0.0	Officer Director	$0	$39,771	$400,258
RYAN BREEDLOVE	DIRECTOR/VP POST ACUTE CONTINUING CARE & AT HOME SERVICES	0.0	Officer Director	$0	$52,177	$636,783
KENNETH R SMOOT	DIRECTOR/CHIEF MISSION INTEGRATION OFFICER	0.0	Director	$0	$31,147	$366,943
MARGARET VAUGHAN	AVP OF FINANCE, ASCENSION LIVING (START 5/2025)	0.0	Officer	$0	$0	$0
LISA K SMADING	EXECUTIVE DIRECTOR (END 10/2024)	50.0	Key Emp	$150,042	$7,172	$157,214
CYNTHIA D DAVENPORT	EXECUTIVE DIRECTOR	50.0	Highest	$109,405	$36,542	$145,947
TRISHA J CHEGE RN	DIRECTOR OF NURSING, LONG TERM CARE	50.0	Highest	$124,029	$34,968	$158,997
MICHAEL ROBERT GORDON	FORMER OFFICER (END 8/2023)	0.0		$0	$0	$220,260
ROBYN R CHADWICK	FORMER BOARD OFFICER (END 12/2023)	0.0		$0	$4,896	$247,554

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	$16,707,036	$16,870,772	$15,771,571	$-163,736
2024	$15,797,069	$16,033,955	$16,757,363	$-236,886
2023	$13,814,778	$15,068,010	$16,954,492	$-1,253,232
2022	$12,656,172	$14,143,879	$17,469,508	$-1,487,707
2021	$11,492,852	$13,026,354	$18,864,539	$-1,533,502
2020	$13,149,914	$12,962,056	$19,278,952	$187,858
2019	$12,735,973	$13,116,398	$19,751,115	$-380,425
2018	$12,128,022	$12,527,141	$20,853,920	$-399,119

CORNERSTONE ASSISTED LIVING INC