CORNERSTONE CHRISTIAN SCHOOL INC

EIN: 611222167 501(c)(3)

LONDON, KY

Total Revenue
$687,301
Total Expenses
$729,975
Total Assets
$199,347
Net Assets
$123,894
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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

Principal Officer
JON BRUMMETT
Phone
6068620509
Tax Period
2024-07-01 to 2025-06-30

CORNERSTONE CHRISTIAN SCHOOL INC is a small nonprofit that reported $687K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

CHRISTIAN BASED 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,672
Program Service Revenue $562,552
Investment Income $4
Other Revenue $110,073
TOTAL REVENUE $687,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $556,682
Fundraising Expenses $0
Program Expenses $729,975
Other Expenses $173,293
TOTAL EXPENSES $729,975

Year-over-Year Comparison

2024 2023 Change
Revenue $687,301 $743,888 -0.1%
Expenses $729,975 $793,327 -0.1%
Net Income $-42,674 $-49,439 -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
10
Independent Members
10
Employees
31
Volunteers
1

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
10
$94,588
Total Directors
10
$94,588
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HUFF DIRECTOR 40.00
Officer Director
$40,000 $0 $40,000
DONNA WHEELAHAN DIRECTOR 40.00
Officer Director
$27,493 $0 $27,493
CHERYL WINTERS DIRECTOR 40.00
Officer Director
$27,095 $0 $27,095
CHRIS ASHER DIRECTOR N/A
Officer Director
$0 $0 $0
CRISTINA ATIENZA DIRECTOR N/A
Officer Director
$0 $0 $0
JON BRUMMETT CHAIRMAN N/A
Officer Director
$0 $0 $0
FREDA GAY DIRECTOR N/A
Officer Director
$0 $0 $0
KYLE GRAY DIRECTOR N/A
Officer Director
$0 $0 $0
BRAD PARRETT SECRETARY N/A
Officer Director
$0 $0 $0
WILL WOLFE DIRECTOR N/A
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
2025 $687,301 $729,975 $199,347 $-42,674
2024 $743,888 $793,327 $234,813 $-49,439
2023 $779,710 $745,983 $321,460 $33,727
2022 $800,624 $692,984 $309,894 $107,640
2021 $735,541 $690,025 $169,930 $45,516
2020 $557,112 $554,110 $128,856 $3,002
2019 $490,358 $477,133 $80,612 $13,225
2018 $425,546 $430,680 $50,839 $-5,134
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