Cornerstone Credit Union Foundation (EIN 756039968) - 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

1962

Legal Domicile

Principal Officer

SHOAIB SALAMAT

Phone

4693856400

Tax Period

2024-01-01 to 2024-12-31

Cornerstone Credit Union Foundation, founded in 1962, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

EMPOWERING CREDIT UNIONS TO IMPROVE THEIR COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,201,703

Program Service Revenue $22,357

Investment Income $159,742

Other Revenue $364,676

TOTAL REVENUE $1,748,478

Expense Breakdown

Grants Paid $1,208,206

Salaries & Benefits $176,099

Fundraising Expenses $201,610

Program Expenses $1,426,527

Other Expenses $546,271

TOTAL EXPENSES $1,930,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,748,478	$1,652,357	+0.1%
Expenses	$1,930,576	$1,514,949	+0.3%
Net Income	$-182,098	$137,408	-2.3%

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

$1,131,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Caroline Willard	President/CEO CCUL	0.5	Officer	$0	$43,527	$725,632
Shoaib Salamat	SVP/CFO CCUL	0.5	Officer	$0	$39,404	$221,784
Courtney Moran	Executive Director - FND	0.5	Officer	$0	$37,709	$184,137
Shelli McCoy	Chair	0.5	Officer Director	$0	$0	$0
Mary Beth Spuck	Vice Chair	0.5	Officer Director	$0	$0	$0
Michael Dougherty	Secretary	0.5	Officer Director	$0	$0	$0
Evan Wilson	Treasurer	0.5	Officer Director	$0	$0	$0
Ashley Bautista	Trustee	0.5	Director	$0	$0	$0
Jason Berridge	Trustee	0.5	Director	$0	$0	$0
Kanika Boutte	Trustee	0.5	Director	$0	$0	$0
Karyn Davis	trustee	0.5	Director	$0	$0	$0
Lori Crutchley	Trustee	0.5	Director	$0	$0	$0
Sara Freeman	Trustee	0.5	Director	$0	$0	$0
Pam Garrett	Trustee	0.5	Director	$0	$0	$0
Stephen Lark	Trustee	0.5	Director	$0	$0	$0
Tammy McNair	Trustee	0.5	Director	$0	$0	$0
Craig Rohden	Trustee	0.5	Director	$0	$0	$0
Erik Shaw	Trustee	0.5	Director	$0	$0	$0
Gina Wilson	Trustee	0.5	Director	$0	$0	$0
Dale Hansard	Trustee	0.5	Director	$0	$0	$0
Dave Willis	Trustee/Past Foundation Chair	0.5	Director	$0	$0	$0
Tina Buttchen	Trustee	0.5	Director	$0	$0	$0
Ruby Alvarez	DE Society Representative	0.5	Director	$0	$0	$0
Melissa Burleson	Friends of the Foundation Rep	0.5	Director	$0	$0	$0
Sarah Hall	Friends of the Foundation Rep	0.5	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	$1,748,478	$1,930,576	$2,739,365	$-182,098
2023	$1,652,357	$1,514,949	$2,930,825	$137,408
2022	$1,281,131	$1,131,957	$1,796,111	$149,174
2021	$1,218,542	$1,289,390	$1,678,127	$-70,848
2020	$1,083,758	$1,207,059	$1,729,429	$-123,301
2019	$1,049,845	$1,281,110	$1,872,544	$-231,265

Cornerstone Credit Union Foundation