CORNERSTONE TRANSITIONAL HOUSING M… - Form 990 Financial Data

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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

DR KELLY MCKINNEY

Phone

8705233490

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE TRANSITIONAL HOUSING MINISTRY INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $325K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $61K, a strong 19% operating margin.

Mission

TO OPERATE A REENTRY HOUSING FACILITY TO ENABLE WOMEN, CONVICTED OF FELONIES AND INCARCERATED, TO MORE EASILY REENTER SOCIETY

Program Service Accomplishments

Program 1

Expenses: $264,324 Revenue: $325,062

TRANSISTIONAL HOME FOR INCARCERATED WOMEN CONVICTED FELONS BEING RELEASED FROM PRISON

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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 $220,704

Program Service Revenue $0

Investment Income $0

Other Revenue $104,358

TOTAL REVENUE $325,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,370

Fundraising Expenses $0

Program Expenses $264,324

Other Expenses $196,954

TOTAL EXPENSES $264,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,062	$287,369	+0.1%
Expenses	$264,324	$265,067	0.0%
Net Income	$60,738	$22,302	+1.7%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA PROVOST	SECRETARY	1.00	Officer Director	$0	$0	$0
DR KELLY MCKINNEY	BOARD MEMBER	4.00	Director	$0	$0	$0
LAMANDA LASSITER	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
DRJOE BARKER	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA CONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG DILLS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR JOE DAVID SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
BETHANY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE JONES	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
2024	$325,062	$264,324	$364,198	$60,738
2023	$287,369	$265,067	$326,835	$22,302
2022	$350,803	$368,039	$319,700	$-17,236
2021	$409,981	$283,302	$350,510	$126,679
2020	$325,217	$262,850	$254,145	$62,367
2019	$235,784	$221,476	$166,884	$14,308
2018	$228,714	$224,515	$162,757	$4,199

CORNERSTONE TRANSITIONAL HOUSING MINISTRY INC