Cornerstone Outreach Center of Amarillo Inc

EIN: 752671104 501(c)(3) Religion

Amarillo, TX

Total Revenue
$426,104
Total Expenses
$409,712
Total Assets
$801,517
Net Assets
$16,914
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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
1996
Legal Domicile
TX
Principal Officer
Joe Kirkwood
Phone
8063812131
Tax Period
2024-01-01 to 2024-12-31

Cornerstone Outreach Center of Amarillo Inc, founded in 1996, is a small nonprofit in the Religion sector that reported $426K in total revenue in fiscal year 2024. Expenses of $410K left a modest 4% surplus.

Mission

Groceries, Clothing, household items, and counseling provided to over8,000 local families and needy in Africa. Our mission is modeled on Isaiah 58: 6 & 7.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $425,774
Program Service Revenue $0
Investment Income $330
Other Revenue $0
TOTAL REVENUE $426,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,000
Fundraising Expenses $0
Program Expenses $276,723
Other Expenses $337,712
TOTAL EXPENSES $409,712

Year-over-Year Comparison

2024 2023 Change
Revenue $426,104 $399,925 +0.1%
Expenses $409,712 $399,488 +0.0%
Net Income $16,392 $437 +36.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
40

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
1
$72,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe Kirkwood Officer 40.00
Officer
$72,000 $0 $72,000
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 $426,104 $409,712 $801,517 $16,392
2023 $399,925 $399,488 $413,351 $437
2022 $95,226 $101,979 No data $-6,753
2021 $742 $165,201 No data $-164,459
2020 $154,805 $486,696 No data $-331,891
2019 $59,355 $110,995 No data $-51,640
2018 $86,599 $121,261 No data $-34,662
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