CORNERSTONE ACADEMY (EIN 651308343) - 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

2007

Legal Domicile

Principal Officer

Brian Starr

Phone

4252384938

Tax Period

2019-07-01 to 2020-06-30

CORNERSTONE ACADEMY, founded in 2007, is a small nonprofit that reported $594K in total revenue in fiscal year 2019. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $506K left a modest 15% surplus.

Mission

Cornerstone Academy's mission is to provide a classical, Christian education that is parent supported, student centered and powered by passionate educators.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $593,891

Investment Income $0

Other Revenue $0

TOTAL REVENUE $593,891

Expense Breakdown

Grants Paid $63,079

Salaries & Benefits $351,447

Fundraising Expenses $0

Program Expenses $506,060

Other Expenses $91,534

TOTAL EXPENSES $506,060

Year-over-Year Comparison

	2019	2018	Change
Revenue	$593,891	$502,433	+0.2%
Expenses	$506,060	$496,946	+0.0%
Net Income	$87,831	$5,487	+15.0%

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

Total Directors

Key Employees

$128,325

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristofer Hvattum	Dean of Students & Secondary Teacher	30	Key Emp	$62,000	$0	$62,000
Tracy Whitfield	Director of Operations	30	Key Emp	$48,589	$0	$48,589
Michelle Jones	Head of School	30	Key Emp	$17,736	$0	$17,736
Hillary Starr	Board Officer	1	Director	$0	$0	$0
Sarah Tainter	Board Officer	1	Director	$0	$0	$0
Becky Gallagher	Board Officer	1	Director	$0	$0	$0
Chuck Whitfield	Board Officer	1	Director	$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
2020	$593,891	$506,060	$159,905	$87,831
2019	$502,433	$496,946	$453,392	$5,487
2018	$390,967	$419,850	$355,751	$-28,883

CORNERSTONE ACADEMY