CORNERSTONE SCHOOLS OF ALABAMA INC (EIN 630948472) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

DR NITA CARR

Phone

2055917600

Tax Period

2024-08-01 to 2025-07-31

Cornerstone Schools of Alabama Inc, founded in 1987, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2017. Expenses of $5.0M left a modest 4% surplus.

Mission

TO OFFER ACCESS TO QUALITY EDUCATION, DEVELOPMENT IN FINE ARTS, AND FAITH-BASED CHARACTER BUILDING TO CHILDREN IN IMPOVERISHED NEIGHBORHOODS IN THE BIRMINGHAM AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,421,546

Program Service Revenue $681,337

Investment Income $454,775

Other Revenue $-136,963

TOTAL REVENUE $9,420,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,668,470

Fundraising Expenses $90,342

Program Expenses $6,631,398

Other Expenses $3,078,348

TOTAL EXPENSES $8,746,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,420,695	$11,283,401	-0.2%
Expenses	$8,746,818	$8,625,325	+0.0%
Net Income	$673,877	$2,658,076	-0.7%

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

174

Volunteers

201

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

$286,248

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLIE ELLIOTT	BOARD MEMBER	1.50	Director	$0	$0	$0
ANNA COOPER	BOARD MEMBER	1.50	Director	$0	$0	$0
ANTHONY JOSEPH	BOARD MEMBER	1.50	Director	$0	$0	$0
ASHLEY BELCHER FERRY	BOARD MEMBER	1.50	Director	$0	$0	$0
BEN NEVINS	BOARD MEMBER	1.50	Director	$0	$0	$0
JOHN HANSON	BOARD MEMBER	1.50	Director	$0	$0	$0
BUFFIE HYMER	BOARD MEMBER	1.50	Director	$0	$0	$0
CAROL DRUMMOND	BOARD MEMBER	1.50	Director	$0	$0	$0
CRAIG BEATTY	BOARD MEMBER	1.50	Director	$0	$0	$0
DANIEL TAYLOR	BOARD MEMBER	1.50	Director	$0	$0	$0
JUSTIN HAYS	BOARD MEMBER	1.50	Director	$0	$0	$0
DR ANN DOMINICK	BOARD MEMBER	1.50	Director	$0	$0	$0
DR JEANNA WESTMORELAND	BOARD MEMBER	1.50	Director	$0	$0	$0
DR JESSICA WILLIAMS	BOARD MEMBER	1.50	Director	$0	$0	$0
DR MARY DOYLE	BOARD MEMBER	1.50	Director	$0	$0	$0
DRAYTON NABERS	BOARD MEMBER	1.50	Director	$0	$0	$0
EDMUND PERRY	BOARD MEMBER	1.50	Director	$0	$0	$0
ELIZABETH HUNTLEY	BOARD MEMBER	1.50	Director	$0	$0	$0
EMILY CANNON	BOARD MEMBER	1.50	Director	$0	$0	$0
FLORA HOLLIS	BOARD MEMBER	1.50	Director	$0	$0	$0
FORD HAMILTON	BOARD MEMBER	1.50	Director	$0	$0	$0
HAMPTON MCFADDEN	BOARD MEMBER	1.50	Director	$0	$0	$0
HOLDER NEVINS	BOARD MEMBER	1.50	Director	$0	$0	$0
JAY MITCHELL	BOARD MEMBER	1.50	Director	$0	$0	$0
JEFF JANTZ	BOARD MEMBER	1.50	Director	$0	$0	$0
JIM BRADFORD	BOARD MEMBER	1.50	Director	$0	$0	$0
JIM PROCTOR	BOARD MEMBER	1.50	Director	$0	$0	$0
JIMMY ARD	BOARD CHAIRMAN	1.50	Director	$0	$0	$0
JOAN REIN	BOARD MEMBER	1.50	Director	$0	$0	$0
JOHN HORNSBY	BOARD MEMBER	1.50	Director	$0	$0	$0
JULIE GOYER	BOARD MEMBER	1.50	Director	$0	$0	$0
KATE SIMPSON	BOARD MEMBER	1.50	Director	$0	$0	$0
KATHERINE ROBERTSON	BOARD MEMBER	1.50	Director	$0	$0	$0
KIRBY SEVIER	BOARD MEMBER	1.50	Director	$0	$0	$0
LESLIE MOORE	BOARD MEMBER	1.50	Director	$0	$0	$0
LORI H DIXON	BOARD MEMBER	1.50	Director	$0	$0	$0
MARCUS KENNEDY	BOARD MEMBER	1.50	Director	$0	$0	$0
MECHELLE WILDER	BOARD MEMBER	1.50	Director	$0	$0	$0
MEG HIGHTOWER	BOARD MEMBER	1.50	Director	$0	$0	$0
MELINDA HELVESTON	BOARD MEMBER	1.50	Director	$0	$0	$0
MIKE OUSLEY	BOARD MEMBER	1.50	Director	$0	$0	$0
PAUL WELLS	BOARD MEMBER	1.50	Director	$0	$0	$0
RONNIE BAYNES	BOARD MEMBER	1.50	Director	$0	$0	$0
SALLIE WAITE	BOARD MEMBER	1.50	Director	$0	$0	$0
TIFFANY DANIELS	BOARD MEMBER	1.50	Director	$0	$0	$0
VICTOR HANSON III	BOARD MEMBER	1.50	Director	$0	$0	$0
WALTER KELLEY	BOARD MEMBER	1.50	Director	$0	$0	$0
ANN PERRY	DIRECTOR OF FINANCE	40.00	Officer	$89,492	$2,740	$92,232
NITA CARR	EXECUTIVE DIRECTOR	40.00	Officer	$178,007	$16,009	$194,016

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	$9,420,695	$8,746,818	$19,055,065	$673,877
2024	$11,283,401	$8,625,325	$17,979,083	$2,658,076
2023	$9,946,075	$7,695,122	$15,350,699	$2,250,953
2022	$7,902,205	$6,769,756	$12,097,701	$1,132,449
2021	$6,756,553	$5,819,833	$11,890,966	$936,720
2020	$6,030,945	$5,569,557	$10,682,364	$461,388
2020	$5,934,614	$5,569,558	$10,574,958	$365,056
2019	$6,433,698	$5,653,025	$9,890,983	$780,673
2018	$5,267,090	$5,037,587	$8,927,117	$229,503

CORNERSTONE SCHOOLS OF ALABAMA INC