Cornerstone Assistance Network Inc (EIN 752417646) - 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

Mike J Doyle

Phone

8176326000

Tax Period

2023-01-01 to 2023-12-31

Cornerstone Assistance Network Inc, founded in 1992, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

The organization assists homeless individuals, single parents and low income families in obtaining food, shelter, clothing, employment childcare, transportation and financial and medical assistance

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,363,190

Program Service Revenue $262,723

Investment Income $126,100

Other Revenue $1,134,099

TOTAL REVENUE $4,886,112

Expense Breakdown

Grants Paid $2,222,606

Salaries & Benefits $2,414,050

Fundraising Expenses $59,447

Program Expenses $5,588,079

Other Expenses $1,490,364

TOTAL EXPENSES $6,127,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,886,112	$12,729,429	-0.6%
Expenses	$6,127,020	$9,769,218	-0.4%
Net Income	$-1,240,908	$2,960,211	-1.4%

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

$137,335

Total Directors

$229,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Barfield	Board Member	0.00	Director	$0	$0	$0
Becky Biser	Vice Chair-Bd of Dir	1.00	Director	$0	$0	$0
Michael T Cooke	Chairman Bd of Dir	1.00	Director	$0	$0	$0
Mike Doyle	Chief Executive Officer	40.00	Officer Director	$137,335	$0	$137,335
Kay Doyle	Chief Administrative Officer	40.00	Director	$92,297	$0	$92,297
Max Falls	Board Member	0.00	Director	$0	$0	$0
David Haefeli	Board Member	0.00	Director	$0	$0	$0
Randy Hall	Board Member	0.00	Director	$0	$0	$0
Bill Hurlburt	Board Member	0.00	Director	$0	$0	$0
Scott Maze	Board Member	0.00	Director	$0	$0	$0
Danny Roberts	Board Member	0.00	Director	$0	$0	$0
Becky Stamps	Board Member	0.00	Director	$0	$0	$0
Randy Jones	Board Member	0.00	Director	$0	$0	$0
Dana McCarty	Board Member	0.00	Director	$0	$0	$0
Mark Wood	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$4,886,112	$6,127,020	$8,580,286	$-1,240,908
2023	$5,133,740	$6,376,069	$8,580,613	$-1,242,329
2022	$12,729,429	$9,769,218	$9,474,993	$2,960,211
2021	$6,928,385	$6,462,351	$6,473,488	$466,034
2020	$4,355,444	$3,907,549	$6,055,682	$447,895
2019	$4,409,404	$3,383,392	$5,545,872	$1,026,012
2018	$2,932,587	$3,019,958	$4,492,351	$-87,371

Cornerstone Assistance Network Inc