THE JOEL CORNETTE FOUNDATION INC (EIN 821742872) - 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

2017

Legal Domicile

Principal Officer

CHRISTI H CORNETTE

Phone

5139100158

Tax Period

2024-01-01 to 2024-12-31

THE JOEL CORNETTE FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $207K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE RESEARCH FUNDING TO STUDY, PREDICT AND PREVENT SUDDEN CARDIAC ARREST AMONG ATHLETES.

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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 $170,358

Program Service Revenue $0

Investment Income $0

Other Revenue $36,795

TOTAL REVENUE $207,153

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $0

Fundraising Expenses $18,912

Program Expenses $190,000

Other Expenses $19,951

TOTAL EXPENSES $209,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,153	$144,111	+0.4%
Expenses	$209,951	$72,043	+1.9%
Net Income	$-2,798	$72,068	-1.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BARTELSTEIN	TRUSTEE	N/A	Director	$0	$0	$0
CHRISTI H CORNETTE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOEL C CORNETTE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JORDAN H CORNETTE	TRUSTEE	N/A	Director	$0	$0	$0
CHRIS DENARI	TRUSTEE	N/A	Director	$0	$0	$0
AL EARLY	TRUSTEE	N/A	Director	$0	$0	$0
LAVALL JORDAN	TRUSTEE	N/A	Director	$0	$0	$0
DAVE LAPHAM	TRUSTEE	N/A	Director	$0	$0	$0
TODD LICKLITER	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT SEGER	TRUSTEE	N/A	Director	$0	$0	$0
BRAD STEVENS	TRUSTEE	N/A	Director	$0	$0	$0
TED TORBECK	TRUSTEE	N/A	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	$207,153	$209,951	$179,777	$-2,798
2023	$144,111	$72,043	$182,575	$72,068
2022	$142,991	$210,565	$110,507	$-67,574
2021	$121,804	$22,851	$178,081	$98,953
2020	$23,016	$143,981	$79,128	$-120,965

THE JOEL CORNETTE FOUNDATION INC