FC CORNERSTONE CHRISTIAN ACADEMY INC (EIN 820584178) - 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

2003

Legal Domicile

Principal Officer

ERIC NICHOLIE

Phone

2819800842

Tax Period

2024-07-01 to 2025-06-30

FC CORNERSTONE CHRISTIAN ACADEMY INC, founded in 2003, is a community nonprofit in the Education sector that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $5.4M left a modest 13% surplus.

Mission

CORNERSTONE CHRISTIAN ACADEMY OPERATES A SCHOOL PROVIDING A CHRISTIAN ENVIRONMENT FOR LEARNING FOR STUDENTS IN PRESCHOOL THROUGH 8TH GRADE.

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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 $748,329

Program Service Revenue $5,340,739

Investment Income $110,637

Other Revenue $-31,886

TOTAL REVENUE $6,167,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,628,246

Fundraising Expenses $240,291

Program Expenses $4,332,591

Other Expenses $1,693,485

TOTAL EXPENSES $5,382,731

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,167,819	$5,230,268	+0.2%
Expenses	$5,382,731	$5,225,402	+0.0%
Net Income	$785,088	$4,866	+160.3%

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

104

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

$285,954

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC NICHOLIE	HEAD OF SCHO	40.00	Officer	$220,613	$7,562	$228,175
SHARON DONIA	CONTROLLER	20.00	Officer	$57,779	$0	$57,779
THOMAS BESSO	TRUSTEE	1.00	Director	$0	$0	$0
TIAN DING	TRUSTEE	1.00	Director	$0	$0	$0
DON HOOPER	PRESIDENT/TR	1.00	Officer Director	$0	$0	$0
DON BRYAN JR	VICE PRES/TR	1.00	Officer Director	$0	$0	$0
DAVID KHAWAJA	TRUSTEE	1.00	Director	$0	$0	$0
MARK MIZE	TRUSTEE	1.00	Director	$0	$0	$0
PHYLLIS MURRAY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ANDREA STJEAN	TRUSTEE	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	$6,167,819	$5,382,731	$7,722,652	$785,088
2024	$5,230,268	$5,225,402	$7,268,072	$4,866
2023	$5,714,630	$4,901,086	$7,253,639	$813,544
2022	$5,557,928	$4,251,767	$6,404,853	$1,306,161
2021	$3,029,187	$4,032,737	$5,614,245	$-1,003,550
2020	$3,891,762	$4,123,299	$5,812,742	$-231,537
2019	$4,942,575	$4,344,211	$6,108,219	$598,364
2018	$4,404,127	$4,006,783	$5,409,959	$397,344

FC CORNERSTONE CHRISTIAN ACADEMY INC