CORNERSTONE FOUNDATION (EIN 640819423) - 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

1992

Legal Domicile

Principal Officer

WADE BISHOP

Phone

2282071811

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE FOUNDATION, founded in 1992, is a small nonprofit in the International Affairs sector that reported $857K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $2.3M represent 32 months of operating reserves.

Mission

BUILD A DIVERSE COMMUNITY OF CHRISTIAN BELIEVERS COOPERATING TO PROVIDE MEDICAL CARE, AND A CONSTANT, PRESENT, ON-GOING HEARING OF THE GOSPEL OF JESUS CHRIST TO THE PEOPLE OF THE NORTH COAST OF HONDURAS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $856,161

Program Service Revenue $0

Investment Income $1,262

Other Revenue $0

TOTAL REVENUE $857,423

Expense Breakdown

Grants Paid $518,406

Salaries & Benefits $212,723

Fundraising Expenses $0

Program Expenses $745,903

Other Expenses $132,814

TOTAL EXPENSES $863,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$857,423	$792,196	+0.1%
Expenses	$863,943	$690,958	+0.3%
Net Income	$-6,520	$101,238	-1.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

134

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

$57,289

Total Directors

$57,289

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH BISHOP	PERSONNEL	0.50	Director	$0	$0	$0
JERRY CAFFEY	CONSTRUCTION	0.50	Director	$0	$0	$0
SALLY MAHONEY	COMMUNICATIONS	2.00	Director	$0	$0	$0
LINDA KUYKENDALL	CONFERENCES	2.00	Director	$0	$0	$0
ROSANNE MCKENNEY	GRANT MANAGER	45.00	Director	$54,814	$2,475	$57,289
JILL COBLE	RECORDER	6.00	Director	$0	$0	$0
JOE MAHONEY	GENERAL ADVISOR	0.60	Director	$0	$0	$0
RICHARD REICHART	GENERAL ADVISOR	2.00	Director	$0	$0	$0
JILL REICHART	GENERAL ADVISOR	2.00	Director	$0	$0	$0
STEVE HYRSZCZUK	GENERAL ADVISOR	2.00	Director	$0	$0	$0
ANDREA HYRSZCZUK	GENERAL ADVISOR	2.00	Director	$0	$0	$0
WALLY BROWN	GENERAL ADVISOR	2.00	Director	$0	$0	$0
TOMARA BROWN	GENERAL ADVISOR	2.00	Director	$0	$0	$0
DR JEFF MCKENNEY	PRESIDENT	60.00	Officer	$54,814	$2,475	$57,289
BRUCE COBLE	SECRETARY	6.00	Officer	$0	$0	$0
DR WADE BISHOP	TREASURER	4.00	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
2024	$857,423	$863,943	$2,300,343	$-6,520
2023	$792,196	$690,958	$2,315,187	$101,238
2022	$922,393	$781,819	$2,226,715	$140,574
2021	$1,173,733	$998,289	$2,061,880	$175,444
2020	$1,131,627	$892,346	$1,885,994	$239,281
2019	$1,010,746	$867,794	$1,677,995	$142,952
2018	$1,113,464	$870,610	$1,509,136	$242,854

CORNERSTONE FOUNDATION