CORNERSTONE CHRISTIAN SCHOOL

EIN: 611976341 501(c)(3)

ALBION, IN

Total Revenue
$35,989
Total Expenses
$172,638
Total Assets
N/A
Net Assets
N/A
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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
TOM BECK
Phone
2606933746
Tax Period
2025-01-01 to 2025-12-31

CORNERSTONE CHRISTIAN SCHOOL is a micro nonprofit that reported $36K in total revenue in fiscal year 2025. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 380% operating deficit.

Mission

ESTABLISHED FOR THE RELIGIOUS EDUCATION OF STUDENTS IN GRADES K-12

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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 $35,038
Program Service Revenue $550
Investment Income $401
Other Revenue $0
TOTAL REVENUE $35,989

Expense Breakdown

Grants Paid $45,178
Salaries & Benefits $99,653
Fundraising Expenses $0
Program Expenses $172,638
Other Expenses $27,807
TOTAL EXPENSES $172,638

Year-over-Year Comparison

2025 2024 Change
Revenue $35,989 $206,279 -0.8%
Expenses $172,638 $209,273 -0.2%
Net Income $-136,649 $-2,994 +44.6%
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
6
Independent Members
6
Employees
9
Volunteers
9

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM NELSON DIRECTOR/PRINC 2
Director
$0 $0 $0
JOEL WALLENBEC DIRECTOR 2
Director
$0 $0 $0
BRAD PHARES DIRECTOR 2
Director
$0 $0 $0
TOM BECK PRESIDENT 2
Officer
$0 $0 $0
BILL CUPP SECRETARY 2
Officer
$0 $0 $0
ANDREW GRAWCOC TREASURER 2
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 $35,989 $172,638 No data $-136,649
2024 No data No data No data No data
2023 $218,168 $224,855 $160,381 $-6,687
2022 $214,845 $221,170 $167,662 $-6,325
2021 $251,858 $210,461 $173,130 $41,397
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