CORNERSTONE FAMILY MINISTRIES INC (EIN 590638509) - 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

1976

Legal Domicile

Principal Officer

CURTIS PARRY JR

Phone

8132533853

Tax Period

2023-10-01 to 2024-09-30

CORNERSTONE FAMILY MINISTRIES INC, founded in 1976, is a community nonprofit in the Human Services sector that reported $8.7M in total revenue in fiscal year 2023.

Mission

THE MISSION OF CORNERSTONE FAMILY MINISTRIES IS TO MAKE A LASTING AND POSITIVE IMPACT IN THE LIVES OF ECONOMICALLY DISADVANTAGED CHILDREN AND THEIR FAMILIES IN OUR COMMUNITY BY NOURISHING YOUNG BODIES, DEVELOPING YOUNG MINDS, AND FOSTERING HOPE THROUGH CHRISTONE CHILD AT A TIME.

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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 $8,206,342

Program Service Revenue $182,275

Investment Income $9,111

Other Revenue $306,541

TOTAL REVENUE $8,704,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,955,682

Fundraising Expenses $0

Program Expenses $8,470,838

Other Expenses $6,819,120

TOTAL EXPENSES $8,774,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,704,269	$8,622,352	+0.0%
Expenses	$8,774,802	$8,390,412	+0.0%
Net Income	$-70,533	$231,940	-1.3%

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

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

$206,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY STONE	EXECUTIVE DI	50.00	Officer	$129,295	$0	$129,295
SARAH ELLIS	DIR OF FIN &	40.00	Officer	$77,447	$0	$77,447
STEVE BEATY	DEV COMM CHA	1.00	Director	$0	$0	$0
GLORIA EMERSON	MEMBER	1.00	Director	$0	$0	$0
SHARI GILLIS	MEMBER	1.00	Director	$0	$0	$0
CHRISTINE HAIRLESON	SECRETARY	1.00	Officer Director	$0	$0	$0
PAMELA HANSEN	MEMBER	1.00	Director	$0	$0	$0
SKIP HENK	MEMBER	1.00	Officer Director	$0	$0	$0
CURTIS PARRY JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
EPHRAIM LIVINGSTON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
HILARY RAIN	CHAIR OF OPE	1.00	Director	$0	$0	$0
TARA RUBERG	MEMBER	1.00	Director	$0	$0	$0
CINDY SISCO	TREASURER	1.00	Officer 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
2024	$8,704,269	$8,774,802	$8,691,735	$-70,533
2023	$8,622,352	$8,390,412	$8,935,400	$231,940
2022	$11,104,114	$6,836,667	$8,906,893	$4,267,447
2021	$7,026,934	$6,583,427	$2,158,105	$443,507
2020	$6,179,936	$6,276,225	$1,672,198	$-96,289
2019	$7,307,627	$7,305,169	$1,621,331	$2,458
2018	$7,493,913	$7,532,208	$1,654,409	$-38,295

CORNERSTONE FAMILY MINISTRIES INC