The Cornerstone of Beaver County

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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

Principal Officer

Marie Timpano

Phone

7248466400

Tax Period

2023-07-01 to 2024-06-30

The Cornerstone of Beaver County, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 11% operating deficit.

Mission

To coordinate local housing resources to prevent and end homelessness

Program Service Accomplishments

Program 1

Expenses: $64,979 Revenue: $111,341

Alternative shelters provide temporary housing including short term apartments and hotel stays for homeless individuals in need.

Program 2

Expenses: $1,252,900 Revenue: $1,543,326

Rental assistance provides rent, security deposits and rent in arrears to help individuals stay in their apartments or secure an apartment to secure permanent housing.

Program 3

Expenses: $539,214 Revenue: $97,260

Mens shelter will be purchased and maintained to give men a place to live while getting their life back on track.

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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 $1,751,927

Program Service Revenue $0

Investment Income $0

Other Revenue $4,112

TOTAL REVENUE $1,756,039

Expense Breakdown

Grants Paid $576,704

Salaries & Benefits $1,026,191

Fundraising Expenses $4,695

Program Expenses $1,857,093

Other Expenses $337,935

TOTAL EXPENSES $1,940,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,756,039	$1,874,817	-0.1%
Expenses	$1,940,830	$1,361,648	+0.4%
Net Income	$-184,791	$513,169	-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

Total Directors

Key Employees

$158,055

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marie Timpano	Executive Director	40.00	Key Emp	$82,328	$0	$82,328
Ashley McLaughlin	Deputy Director	40.00	Key Emp	$75,727	$0	$75,727
Maureen Harrington	President	3.00	Officer Director	$0	$0	$0
Joanne Koehler	Vice President	2.00	Officer Director	$0	$0	$0
Matthew Dawson	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Grafton	Board Member	1.00	Director	$0	$0	$0
Teresa Lukes	Board Member	1.00	Director	$0	$0	$0
Elizabeth Focer Repman	Board Member	1.00	Director	$0	$0	$0
Darrell Jerome	Secretary	1.00	Officer	$0	$0	$0
Katie Thomas	Board Member	1.00	Director	$0	$0	$0
Matthew Miller	Board Member	1.00	Director	$0	$0	$0
Stephen Gardner	Board Member	1.00	Director	$0	$0	$0
Inika Jones	Board Member	1.00	Director	$0	$0	$0
Leslie Benedetto	Board Member	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
2025	No data	No data	No data	No data
2024	$1,756,039	$1,940,830	$1,506,070	$-184,791
2023	$1,874,817	$1,361,648	$1,724,176	$513,169
2022	$1,579,626	$1,097,871	$1,239,214	$481,755
2021	$1,766,346	$1,378,239	$824,552	$388,107
2019	$652,924	$658,323	$322,775	$-5,399