PRESERVE CHATTANOOGA INC FORMERLY CORNERSTONES INC (EIN 510204182) - 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

1975

Legal Domicile

Principal Officer

ERIC CUMMINGS

Phone

4232652825

Tax Period

2024-01-01 to 2024-12-31

PRESERVE CHATTANOOGA INC FORMERLY CORNERSTONES INC, founded in 1975, is a small nonprofit in the Arts, Culture & Humanities sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $170K left a modest 9% surplus.

Mission

TO PROTECT THE HERITAGE OF CHATTANOOGA THROUGH HISTORIC PRESERVATION, ADVOCACY, & EDUCATION

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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 $161,265

Program Service Revenue $0

Investment Income $82,524

Other Revenue $-57,039

TOTAL REVENUE $186,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,494

Fundraising Expenses $5,424

Program Expenses $144,360

Other Expenses $61,615

TOTAL EXPENSES $170,109

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,750	$125,209	+0.5%
Expenses	$170,109	$219,844	-0.2%
Net Income	$16,641	$-94,635	-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

$95,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CUMMINGS	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROB BENTLEY	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA BROOKS	SECRETARY	2.00	Officer Director	$0	$0	$0
LEANNE KINNEY	TREASURER	2.00	Officer Director	$0	$0	$0
EDMUND AMOYE	DIRECTOR	1.00	Director	$0	$0	$0
DAN BREWER	DIRECTOR	1.00	Director	$0	$0	$0
ROSS EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE GOWER	DIRECTOR	1.00	Director	$0	$0	$0
TOM HAYSLETT	DIRECTOR	1.00	Director	$0	$0	$0
CULLON HOOKS	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN HUNT LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY MACK	DIRECTOR	1.00	Director	$0	$0	$0
DANA MOODY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA MORTIMER	DIRECTOR	1.00	Director	$0	$0	$0
MAURY NICELY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY O'MARA	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL SHANNON	DIRECTOR	1.00	Director	$0	$0	$0
ANNA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE OSBORNE WATSON	DIRECTOR	1.00	Director	$0	$0	$0
TREY WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
TODD MORGAN	EXECUTIVE DIRECTOR	40.00	Officer	$95,727	$0	$95,727

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	$186,750	$170,109	$620,270	$16,641
2023	$125,209	$219,844	$600,086	$-94,635
2022	$209,772	$194,805	$691,237	$14,967
2021	$82,016	$180,230	$678,866	$-98,214
2020	$102,477	$164,729	$787,311	$-62,252
2019	$255,499	$158,179	$870,218	$97,320

PRESERVE CHATTANOOGA INC FORMERLY CORNERSTONES INC