CORNERSTONE FOR HOPE (EIN 813354850) - 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

2016

Legal Domicile

Principal Officer

STEVE KILLELEA

Phone

6106877633

Tax Period

2023-07-01 to 2024-06-30

CORNERSTONE FOR HOPE, founded in 2016, is a small nonprofit in the Mental Health sector that reported $223K in total revenue in fiscal year 2023. Expenses of $268K exceeded revenue, resulting in a 20% operating deficit.

Mission

Cornerstone for Hope has implemented a new program titled Recovery Worx which aims to help those in early recovery gain interpersonal skills necessary to find, get and keep a job on their way to healthy independency. Through this program the organization offers computer training skills with various courses on different subject matters, vocational training through the Recovery Worx woodshop, a resource room with a variety of resources for those struggling with behavioral health issues, and hosting parent and family support groups.

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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 $191,545

Program Service Revenue $20,105

Investment Income $45

Other Revenue $10,945

TOTAL REVENUE $222,640

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $119,135

Fundraising Expenses $28,959

Program Expenses $117,651

Other Expenses $127,739

TOTAL EXPENSES $267,874

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,640	$226,245	0.0%
Expenses	$267,874	$247,591	+0.1%
Net Income	$-45,234	$-21,346	+1.1%

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

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

Total Directors

$52,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE HALL	Director	40.00	Director	$52,000	$0	$52,000
RICHARD H PATTERSON	BOARD MEMBER	5.00	Director	$0	$0	$0
STEVE KILLELEA	President	0.00	Officer Director	$0	$0	$0
NANCY MORRISON	BOARD MEMBER	0.00	Director	$0	$0	$0
LIZ DISTEFANO	BOARD MEMBER	0.00	Director	$0	$0	$0
REINA LORI MOONEY	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
DONNA M MUNDY	Secretary	5.00	Officer Director	$0	$0	$0
SAMUEL B WHEELER	Treasurer - P	5.00	Officer Director	$0	$0	$0
ELLEN P WHEELER	BOARD MEMBER- P	5.00	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	$222,640	$267,874	$82,946	$-45,234
2023	$226,245	$247,591	$126,997	$-21,346
2022	$236,927	$254,697	$148,343	$-17,770
2020	$151,565	$102,531	$226,676	$49,034

CORNERSTONE FOR HOPE