CORNERSTONE BROADCASTING CORP

EIN: 593237140 501(c)(3) Religion

PORT ORANGE, FL

Total Revenue
$711,214
Total Expenses
$558,371
Total Assets
$1,033,405
Net Assets
$992,858
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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
1994
Legal Domicile
FL
Principal Officer
WILLIAM POWELL
Phone
3867569094
Tax Period
2025-01-01 to 2025-12-31

CORNERSTONE BROADCASTING CORP, founded in 1994, is a small nonprofit in the Religion sector that reported $711K in total revenue in fiscal year 2025. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 21% operating margin.

Mission

24 HOURS/DAY, 7 DAYS/WEEK BROADCASTING OF CHRISTIAN MUSIC AND PROGRAMMING.

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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 $598,154
Program Service Revenue $0
Investment Income $19,167
Other Revenue $93,893
TOTAL REVENUE $711,214

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,493
Fundraising Expenses $2,789
Program Expenses $555,582
Other Expenses $318,089
TOTAL EXPENSES $558,371

Year-over-Year Comparison

2025 2024 Change
Revenue $711,214 $437,682 +0.6%
Expenses $558,371 $456,474 +0.2%
Net Income $152,843 $-18,792 -9.1%
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
7
Independent Members
6
Employees
7
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
7
$60,000
Total Directors
1
$60,000
Key Employees
1
$60,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM POWELL PRESIDENT 40.00
Officer Director Key Emp Highest
$60,000 $0 $60,000
CINDY RAY SECRETARY 1.00
Officer
$0 $0 $0
CHRIS JOHNSON DIRECTOR 1.00
Officer
$0 $0 $0
DENIS SHELLY DIRECTOR 1.00
Officer
$0 $0 $0
LOUIS MUELLER DIRECTOR 1.00
Officer
$0 $0 $0
MARK MCGRANE DIRECTOR 1.00
Officer
$0 $0 $0
FRANK REYNOLDS DIRECTOR 1.00
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 $711,214 $558,371 $1,033,405 $152,843
2024 $437,682 $456,474 $975,922 $-18,792
2023 $460,288 $475,941 $1,021,556 $-15,653
2022 $467,116 $493,143 $901,885 $-26,027
2021 $420,943 $410,915 $940,382 $10,028
2020 $404,282 $389,196 $911,071 $15,086
2019 $400,206 $425,459 $879,150 $-25,253
2018 $385,752 $431,633 $893,241 $-45,881
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