MORRISTOWN, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CORNERSTONE ACADEMY INC LAKEWAY CHRISTIAN SCHOOLS, founded in 2006, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Net assets of $109.4M represent 727 months of operating reserves.
THE PRIMARY MISSION OF CORNERSTONE ACADEMY, INC. IS TO OPERATE AS A SCHOOL THAT WILL ADHERE TO THE STATEMENT OF FAITH AND PURPOSE AS SET OUT IN SECTIONS I AND II OF ARTICLE 2 OF THE BYLAWS. EDUCATION AT CORNERSTONE ACADEMY IS DEFINED MORE INHERENTLY DIFFERENT THAN PUBLIC EDUCATION IN PHILOSOPHY AND CONTENT. CORNERSTONE ACADEMY'S PURPOSE IS TO BRING GLORY TO THE LORD JESUS CHRIST BY ASSISTING CHRISTIAN PARENTS IN THE GODLY EDUCATION OF THEIR CHILDREN. AT ALL LEVELS, PROGRAMS, AND TEACHING, CORNERSTONE ACADEMY SEEKS TO: A. ENCOURAGE EVERY CHILD TO DEVELOP HIS/HER RELATIONSHIP WITH GOD THE FATHER THROUGH JESUS CHRIST (MATT. 19:13-15; 28:18-20) B. TEACH ALL SUBJECTS AS PARTS OF AN INTEGRATED WHOLE WITH THE SCRIPTURE AS THE CENTER (2 TIMOTHY 3:16-17) C. PROVIDE A CLEAR MODEL OF BIBLICAL CHRISTIAN LIFE THROUGH ITS STAFF AND BOARD (MATT. 22:37-40) D. EMPHASIZE GRAMMAR, LOGIC, AND RHETORIC IN ALL SUBJECTS. E. ENCOURAGE EVERY STUDENT TO DEVELOP A LOVE FOR LEARNING AND TO ACHIEVE HIS/HER ACADEMIC POTENTIAL. F. PROVIDE ACCESS TO FAMILIES IN THE LAKEWAY AREA AND PROVIDE AN ORDERLY ATMOSPHERE CONDUCIVE TO OBTAINING THESE GOALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,807,275 | $37,225,087 | -1.0% |
| Expenses | $1,843,572 | $22,813,282 | -0.9% |
| Net Income | $-36,297 | $14,411,805 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROBERT A JENKINS | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEAH TAYLOR | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HUBERT DAVIS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TRAVIS JENKINS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| POLLY OWEN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| AARON PORTER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TOM STEWART | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT F BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN CLINE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRITT STONE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID MCVICKER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| RAGAN LONG | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BRANDON PARKER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TYLER D VINEYARD | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,807,275 | $1,843,572 | $111,546,213 | $-36,297 |
| 2024 | No data | No data | No data | No data |
| 2023 | $22,282,322 | $20,719,373 | $94,645,818 | $1,562,949 |
| 2022 | $28,492,042 | $17,366,086 | $93,751,320 | $11,125,956 |
| 2021 | $25,507,605 | $15,479,861 | $83,376,022 | $10,027,744 |
| 2020 | $21,244,598 | $7,888,645 | $75,265,991 | $13,355,953 |
| 2019 | $20,557,087 | $5,332,118 | $61,822,596 | $15,224,969 |
| 2018 | $28,268,032 | $2,446,861 | $44,510,212 | $25,821,171 |
Compare CORNERSTONE ACADEMY INC LAKEWAY CHRISTIAN SCHOOLS with other nonprofits in Tennessee and across the country.