CORNERSTONE CHRISTIAN ACADEMY

EIN: 752860937 501(c)(3) Education

GRANBURY, TX

Total Revenue
$2,170,520
Total Expenses
$2,442,086
Total Assets
$3,099,883
Net Assets
$610,989
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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
2000
Legal Domicile
TX
Principal Officer
TRACE MOORE
Phone
8179108076
Tax Period
2023-06-01 to 2024-05-31

CORNERSTONE CHRISTIAN ACADEMY, founded in 2000, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

OPERATION OF PRIVATE CHRISTIAN SCHOOL

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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 (2023)

Revenue Breakdown

Contributions & Grants $193,294
Program Service Revenue $1,896,133
Investment Income $435
Other Revenue $80,658
TOTAL REVENUE $2,170,520

Expense Breakdown

Grants Paid $800
Salaries & Benefits $1,605,834
Fundraising Expenses $27,973
Program Expenses $2,185,260
Other Expenses $835,452
TOTAL EXPENSES $2,442,086

Year-over-Year Comparison

2023 2022 Change
Revenue $2,170,520 $2,415,100 -0.1%
Expenses $2,442,086 $2,235,974 +0.1%
Net Income $-271,566 $179,126 -2.5%
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
6
Independent Members
6
Employees
60
Volunteers
30

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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACE MOORE PRESIDENT 2.00
Officer Director
$0 $0 $0
MICHAEL CARTER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
STEPHANIE KIRK TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTY STEWART SECRETARY 2.00
Officer Director
$0 $0 $0
MARK MARONEY MEMBER 2.00
Director
$0 $0 $0
NICOLE JENNINGS MEMBER 2.00
Director
$0 $0 $0
NEIL STRUIKMANS DIRECTOR OF 40.00
Officer
$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
2025 No data No data No data No data
2024 $2,170,520 $2,442,086 $3,099,883 $-271,566
2023 $2,415,100 $2,235,974 $3,457,682 $179,126
2022 $1,635,563 $1,521,700 $3,321,189 $113,863
2021 $1,523,242 $1,330,480 $3,276,320 $192,762
2020 $1,239,237 $1,417,060 $3,209,865 $-177,823
2019 $1,511,208 $1,574,021 $3,276,699 $-62,813
2018 $1,575,273 $1,432,025 $3,368,657 $143,248
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