INTERNATIONAL CORNERSTONE MINISTRIES

EIN: 550846447 501(c)(3) Religion

BELLINGHAM, WA

Total Revenue
$398,239
Total Expenses
$442,240
Total Assets
$34,844
Net Assets
$34,844
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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
2003
Legal Domicile
WA
Principal Officer
DAVID MCEVOY
Phone
3603196905
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL CORNERSTONE MINISTRIES, founded in 2003, is a small nonprofit in the Religion sector that reported $398K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $442K exceeded revenue, resulting in a 11% operating deficit.

Mission

SPREADING THE GOSPEL OF JESUS CHRIST

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $398,239
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $398,239

Expense Breakdown

Grants Paid $440,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $440,500
Other Expenses $1,740
TOTAL EXPENSES $442,240

Year-over-Year Comparison

2025 2024 Change
Revenue $398,239 $355,285 +0.1%
Expenses $442,240 $394,770 +0.1%
Net Income $-44,001 $-39,485 +0.1%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
5

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID MCEVOY CHAIR 0.00
Officer
$0 $0 $0
MATHEW P KOSHY VICE CHAIR 0.00
Officer
$0 $0 $0
VIJAI CHACKO DIRECTOR 0.00
Officer
$0 $0 $0
CYNTHIA PAVAMANI TREASURER 0.00
Officer
$0 $0 $0
ASHISH JOY DIRECTOR 0.00
Officer
$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 $398,239 $442,240 $34,844 $-44,001
2024 $355,285 $394,770 $78,845 $-39,485
2023 $252,030 $281,385 $118,330 $-29,355
2022 $308,050 $328,060 $147,685 $-20,010
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