CORNERSTONE FOUNDATION

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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

THE CORNERSTONE FOUNDATION IS DEDICATED TO THE GLORY OF GOD AND THE FULFILLMENT OF THE GREAT COMMISSION THROUGH MINISTRY TO THE BODY, SOUL, AND SPIRIT OF THOSE IN NEED. WE WILL ANSWER THIS CALLING THROUGH SERVICES SUCH AS MEDICAL CARE, CHILD CARE, COMMUNITY DEVELOPMENT AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $631,392

HOSPITAL LOMA DE LUZ CARED FOR APPROXIMATELY 27,396 PATIENTS OF MINIMAL RESOURCES OFFERING FULL-TIME MEDICAL CARE OF THE HIGHEST QUALITY IN AREAS OF FAMILY PRACTICE, PEDIATRICS, CARDIOLOGY, INTERNAL MEDICINE, SURGERY, AND MATERNAL CHILD HEALTH AND DENTISTRY. MEDICAL CLINICS WERE OPEN 5 DAYS PER WEEK. EMERGENCY ROOM AND IN-PATIENT SERVICES WERE OFFERED 24/7/365. PERFORMED NUMEROUS OPERATIONS OF ALL KINDS.

Program 2

Expenses: $31,094

ESCUELA EL CAMINO OFFERED CLASSES FOR FULL TIME STUDENTS INCLUDING GEOGRAPHY, ART, MUSIC AND READING. SUPPORT FOR ALL PUBLIC SCHOOLS IN THE AREA IN OBTAINING LIBRARIES, OFFERING SPECIAL PROGRAMS, AND HELPING CONSTRUCT/UPGRADE SCHOOLS. HELD WEEK LONG ANNUAL MISSIONARY KIDS CAMP FOR KIDS ALL OVER HONDURAS.

Program 3

Expenses: $83,417

ONGOING HOUSING/CARE OF POOREST PATIENT FAMILIES AND PATIENTS FROM OTHER PARTS OF THE COUNTRY AT THE SANCTUARY CENTER AND CHILDRENS CENTER.

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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