Kornerstone Kids PS

EIN: 811522771 501(c)(3)

Lynden, WA

Total Revenue
$468,639
Total Expenses
$389,507
Total Assets
$551,401
Net Assets
$395,157
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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
2016
Legal Domicile
WA
Principal Officer
Greg Penner
Phone
3607521511
Tax Period
2020-01-01 to 2020-12-31

Kornerstone Kids PS, founded in 2016, is a small nonprofit that reported $469K in total revenue in fiscal year 2020. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $79K, a strong 17% operating margin.

Mission

PROVIDE THE BEST PATIENT CARE AND CUSTOMER SERVICE AVAILABLE WITH COMMITMENT TO BOTH CULTURE AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $189,701 Revenue: $467,452

THE ORGANIZATION PROVIDES 1) PHYSICAL, 2) OCCUPATIONAL, AND 3) SPEECH THERAPY FOR CHILDREN WITH A FOCUS ON HELPING LOW INCOME FAMILIES IN WHATCOM COUNTY. THE SERVICES ARE PROVIDED BY LICENSED MEDICAL...

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THE ORGANIZATION PROVIDES 1) PHYSICAL, 2) OCCUPATIONAL, AND 3) SPEECH THERAPY FOR CHILDREN WITH A FOCUS ON HELPING LOW INCOME FAMILIES IN WHATCOM COUNTY. THE SERVICES ARE PROVIDED BY LICENSED MEDICAL PROFESSIONALS THAT INCLUDE PHYSICAL THERAPISTS AND THEIR ASSISTANTS, OCCUPATIONAL THERAPISTS AND THEIR ASSISTANTS, AND SPEECH THERAPISTS. THERAPY SERVICES ARE FUNDED BY PRIVATE AND CORPRATE DONATIONS AS WELL AS GOVNERMENT AND PRIVATE INSURANCE PLANS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $877
Program Service Revenue $467,452
Investment Income $310
Other Revenue $0
TOTAL REVENUE $468,639

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,009
Fundraising Expenses $0
Program Expenses $189,701
Other Expenses $154,498
TOTAL EXPENSES $389,507

Year-over-Year Comparison

2020 2019 Change
Revenue $468,639 $1,178,138 -0.6%
Expenses $389,507 $1,242,326 -0.7%
Net Income $79,132 $-64,188 -2.2%
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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Governance

Voting Members
6
Independent Members
3
Employees
15
Volunteers
N/A

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
4
$105,000
Total Directors
6
$105,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeannett Penner Vice President 10.00
Officer Director
$0 $0 $67,000
Greg Penner President 10.00
Officer Director
$0 $0 $38,000
Brian Smith Treasurer 1.00
Officer Director
$0 $0 $0
Diana Pechthalt Director 1.00
Director
$0 $0 $0
Dawn Burgess Secretary 1.00
Officer Director
$0 $0 $0
Shawna Vederleest Director 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
2020 $468,639 $389,507 $551,401 $79,132
2019 $1,178,138 $1,242,326 $327,720 $-64,188
2018 $1,179,817 $965,604 $409,286 $214,213
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