Conservative Partnership Institute

EIN: 821470217 501(c)(3) 501(c)(3) Corporation

300 Independence Ave SE, Washington, DC, 20003

Total Revenue
$19,498,478
Total Expenses
$21,232,349
Total Assets
$71,058,890
Net Assets
$41,376,505

Tuckman-Chang Vulnerability Assessment

Research-Based

Academic framework for nonprofit financial sustainability (Tuckman & Chang, 1991)

Equity Deficiency
1.95
✓ Strong — 6+ mo. reserves
Revenue Concentration
1.02
⚠ High Risk — Concentrated
Admin Flexibility
11.3%
~ Limited — Little flexibility
Operating Sustainability
-8.9%
⚠ Deficit — Unsustainable
Overall Vulnerability Assessment
Based on 4 vulnerability indicators
~ MODERATE
2/4 flags
Equity deficiency (<0.25) ✓ Pass
Revenue concentration (>0.60) 🚩 Flagged
Admin too lean (<10%) ✓ Pass
Operating deficit (<0%) 🚩 Flagged

About: The Tuckman-Chang framework identifies four key indicators of financial vulnerability. 0 flags = low risk, 1–2 = moderate risk, 3–4 = high risk. Validated across thousands of nonprofits since 1991.

Learn more about the Tuckman-Chang methodology →

Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
Edward Corrigan
Phone
2027428988
Tax Period
January 2023 - December 2023

Conservative Partnership Institute is a 501(c)(3) with EIN 821470217, based in 300 Independence Ave SE, Washington, DC, 20003. Founded in 2017, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $19,498,478 in total revenue and $21,232,349 in total expenses, with net assets of $41,376,505. Its Trantor Score is 581 (Fair), reflecting its financial health based on liquidity, solvency, and operational efficiency.

Mission

The Conservative Partnership Institute (CPI) is dedicated to providing a platform for citizen leaders, the conservative movement, Members of Congress, congressional staff and scholars to be connected. The Organization works to provide these leaders with the tools, tactics, resources, and strategies to help make them more successful in advancing conservative policy solutions.

Trantor Score

Financial Health & Payment Capacity Assessment

Score based on: Liquidity (40%), Solvency (30%), Sustainability (20%), Efficiency (10%)

581
Fair
Moderate Risk
FICO Scale: 300–850

Liquidity (40%)
0.65
+143 pts
Solvency (30%)
0.54
+88 pts
Sustainability (20%)
0.18
+19 pts
Efficiency (10%)
0.54
+29 pts
Learn more about the Trantor Score methodology →

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,647,346
Program Service Revenue $597,568
Investment Income $-589,171
Other Revenue $-157,265
TOTAL REVENUE $19,498,478

Expense Breakdown

Grants Paid $2,673,500
Salaries & Benefits $4,906,872
Fundraising Expenses $3,363,899
Program Expenses $15,468,005
Other Expenses $13,560,911
TOTAL EXPENSES $21,232,349

Year-over-Year Comparison

2023 2022 Change
Revenue $19,498,478 $36,397,454 -46.4%
Expenses $21,232,349 $23,363,874 -9.1%
Net Income $-1,733,871 $13,033,580 -113.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required

Financial Health Indicators

Financial Distress Indicator (Altman Z-Score)
⚠ Gray Zone — Moderate risk, monitor closely
2.05
>2.6 safe · 1.1–2.6 gray · <1.1 distress

Learn about the Altman Z-Score methodology adapted for nonprofits →

Liquidity & Cash Position

Current Ratio
14.79
Target: >2.0 is healthy
Cash Reserve
3.6
Months of expenses covered
Cash to Assets
9.0%
Liquid asset ratio
Working Capital
$12,185,506
Current assets − liabilities

Solvency & Debt Position

Solvency Ratio
2.39
Assets / Liabilities (>1 is solvent)
Debt Ratio
41.8%
Liabilities / Assets (lower is better)
Debt to Net Assets
0.72
Leverage ratio

Revenue Sustainability & Diversification

Self-Sufficiency
3.1%
Program revenue / Total revenue
Donation Dependence
100.8%
Contributions / Total revenue
Revenue Concentration
100.8%
Largest source (lower = more diverse)

Operational Performance

Admin Efficiency
11.3%
Target: 10–20% is optimal
Asset Turnover
0.27x
Revenue / Assets
Expense Coverage
23.4
Months can operate w/o income
Surplus Margin
-8.9%
Net income / Revenue

Growth Indicators

Net Assets Growth
-4.0%
Year-over-year change

Governance

Voting Members
7
Independent Members
4
Employees
30
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
5
$1,598,790
Total Directors
7
$1,504,757
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Corrigan President & CEO 40.00
Officer Director
$423,245 $16,993 $440,238
James W DeMint Chairman 40.00
Officer Director
$608,034 $17,427 $625,461
Wesley Denton COO and Treasurer 40.00
Officer Director
$395,197 $43,861 $439,058
Bret Bernhardt Director 2.00
Director
$0 $0 $0
Charlotte Davis Director & Secretary (Secretary as of 5/1/23) 2.00
Officer Director
$0 $0 $0
Tom Jones Director 2.00
Director
$0 $0 $0
Gaston Mooney Director 2.00
Director
$0 $0 $0
Cameron Seward General Counsel / Secretary (until 5/1/23) 40.00
Officer
$80,294 $13,739 $94,033
Mark Meadows Senior Partner 40.00
Highest
$552,254 $35,327 $587,581
Doug Stamps Counselor to the Chairman 40.00
Highest
$345,055 $45,316 $390,371
Jeffrey Trimbath Sr. Advisor & Dir., Legacy 40.00
Highest
$184,214 $37,569 $221,783
Hugh Fike Sr. Director, CP Academy 40.00
Highest
$190,649 $33,440 $224,089
Richard McAdams Director of Development 40.00
Highest
$202,526 $37,831 $240,357
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 No data No data No data No data
2023 $19,498,478 $21,232,349 $71,058,890 $-1,733,871
2022 $36,397,454 $23,363,874 $63,471,958 $13,033,580
2021 $45,707,730 $17,160,422 $31,688,292 $28,547,308
2020 $6,202,407 $5,948,594 $2,629,044 $253,813
2019 $5,322,860 $5,168,958 $1,247,549 $153,902
2019 $5,322,860 $5,168,958 $1,247,549 $153,902
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