Cornerstone Health Services Inc (EIN 611798762) - 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

2016

Legal Domicile

Phone

8138718111

Tax Period

2023-01-01 to 2023-12-31

Cornerstone Health Services Inc, founded in 2016, is a small nonprofit in the Health Care sector that reported $744K in total revenue in fiscal year 2023. Revenue surged 203% from the prior year, signaling strong growth momentum.

Mission

The purpose of Cornerstone Health Services, Inc. is to support Cornerstone Hospice and Palliative Care, Inc.

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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 $0

Program Service Revenue $743,564

Investment Income $0

Other Revenue $0

TOTAL REVENUE $743,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $731,584

Fundraising Expenses $0

Program Expenses $743,590

Other Expenses $12,006

TOTAL EXPENSES $743,590

Year-over-Year Comparison

	2023	2022	Change
Revenue	$743,564	$245,694	+2.0%
Expenses	$743,590	$390,349	+0.9%
Net Income	$-26	$-144,655	-1.0%

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

$8,740,291

Total Directors

$3,789,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT/CEO	2.0	Officer Director	$0	$969,172	$2,545,351
N/A	Treasurer/Secretary	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Chief Operating Officer	2.0	Officer Director	$0	$191,283	$660,960
N/A	CHIEF FINANCIAL OFFICER	2.0	Officer Director	$0	$184,162	$583,668
N/A	Chair	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director (Through 6/2023)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Foundation Chair (through 12/2023)	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Chief Administrative Officer (through 6/2023)	2.0	Officer	$0	$49,262	$626,226
N/A	Financial Advisor to the CEO (through 3/2023)	2.0	Officer	$0	$159,431	$654,488
N/A	Chief Medical Officer - Hospice	2.0	Officer	$0	$99,926	$455,686
N/A	Chief People Officer	2.0	Officer	$0	$163,885	$602,958
N/A	Chief Business Development Officer	2.0	Officer	$0	$239,538	$920,302
N/A	Chief Information Officer	2.0	Officer	$0	$143,212	$550,759
N/A	Chief Medical Officer	2.0	Officer	$0	$212,195	$733,645
N/A	Chief Compliance Officer	2.0	Officer	$0	$120,968	$406,248
N/A	Palliative Care Physician	40.0	Highest	$247,598	$33,100	$280,698
N/A	Former Chief Operating Officer	0.0		$0	$238	$340,095

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	No data	No data	No data	No data
2023	$743,564	$743,590	$43,109	$-26
2022	$852,623	$2,588,195	$528,348	$-1,735,572
2022	$245,694	$390,349	$554,847	$-144,655
2021	$4,602,022	$4,523,903	$1,008,192	$78,119
2020	$26,601	$26,601	$-866	No data
2019	No data	$94,460	No data	No data

Cornerstone Health Services Inc