CORUS SOLUTIONS INC

EIN: 824219629 501(c)(3) International Affairs

BALTIMORE, MD

Total Revenue
$5,700,130
Total Expenses
$7,581,105
Total Assets
$7,168,379
Net Assets
$474,333
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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
2018
Legal Domicile
MD
Phone
2028886200
Tax Period
2023-10-01 to 2024-09-30

CORUS SOLUTIONS INC, founded in 2018, is a community nonprofit in the International Affairs sector that reported $5.7M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $7.6M exceeded revenue, resulting in a 33% operating deficit.

Mission

CORUS SOLUTIONS IS A CENTER WHERE INNOVATIVE PUBLIC HEALTH AND ALLIED PROGRAMS CAN BE CONCEIVED, TESTED AND IMPLEMENTED ON BEHALF OF IMA WORLD HEALTH. IMA INNOVATIONS WILL PURSUE CREATIVE PROJECTS THAT EXPAND AND REFINE THE AGENCY'S PUBLIC HEALTH PROGRAMMING WHILE EXPLORING FUTURE AREAS OF WORK. Corus Solutions is a subsidiary of Corus International. As such this 990 should be read in conjunction with that of the parent entity.

Program Service Accomplishments

Program 1
Expenses: $7,497,172 Revenue: $0

SUB-SAHARAN AFRICA: THIS INVOLVED WORKING ON SOLUTIONS TO COMBAT MALARIA AND HIV INFECTION IN THE DEMOCRATIC REPUBLIC OF CONGO. ADDITIONALLY, CORUS SOLUTIONS PROMOTED THE FABRICATION AND USE OF CLEAN...

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SUB-SAHARAN AFRICA: THIS INVOLVED WORKING ON SOLUTIONS TO COMBAT MALARIA AND HIV INFECTION IN THE DEMOCRATIC REPUBLIC OF CONGO. ADDITIONALLY, CORUS SOLUTIONS PROMOTED THE FABRICATION AND USE OF CLEAN COOKSTOVE TECHNOLOGIES TO KEEP FAMILIES SAFE. CORUS SOLUTIONS IS A CHARITABLE ORGANIZATION THAT SEEKS TO DEVELOP PROJECTS AND INITIATIVES TO SOLVE PUBLIC HEALTH CRISES AROUND THE WORLD. THE ORGANIZATIONS CURRENT WORK IN SUB-SAHARAN AFRICA WORKS ALONGSIDE ITS SISTER ORGANIZATION, IMA WORLD HEALTH, TO IMPLEMENT PROGRAMS THAT ACHIEVE BETTER HEALTH OUTCOMES FOR PEOPLE IN DEVELOPING AND EMERGENCY SETTINGS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,700,130
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,700,130

Expense Breakdown

Grants Paid $39,741
Salaries & Benefits $1,763,987
Fundraising Expenses $0
Program Expenses $7,497,172
Other Expenses $5,777,377
TOTAL EXPENSES $7,581,105

Year-over-Year Comparison

2023 2022 Change
Revenue $5,700,130 $11,659,728 -0.5%
Expenses $7,581,105 $11,395,759 -0.3%
Net Income $-1,880,975 $263,969 -8.1%
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

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Governance

Voting Members
18
Independent Members
15
Employees
N/A
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
$1,438,745
Total Directors
0
$0
Key Employees
6
$1,588,033
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Speckhard President and CEO 2.0
Officer
$0 $52,330 $582,891
JoAnn Theys Senior Vice President Finance and Administration N/A
Officer
$0 $15,892 $191,319
Mahmoud Bah Chief Operating Officer 2.0
Officer
$0 $32,773 $265,473
Mark Moyer Interim CFO N/A
Officer
$0 $11,062 $94,462
Tim McCully Executive Vice President 2.0
Officer
$0 $41,435 $304,600
Andrea Wilson General Counsel and Vice President of Compliance N/A
Key Emp
$0 $45,467 $293,065
Edward Byrd Vice President of Global Operations N/A
Key Emp
$0 $47,308 $315,763
Frances Woodard Chief People and Culture Officer N/A
Key Emp
$0 $32,950 $307,804
Jeremy Bauman Executive Director, Ground Up Investing N/A
Key Emp
$0 $37,258 $193,900
Michael Watt Vice President of Global Operations N/A
Key Emp
$0 $30,436 $280,307
Shelly Talcott Chief of Staff N/A
Key Emp
$0 $31,478 $197,194
Eric Ramirez Senior Technical Director N/A
Highest
$0 $26,211 $224,343
George Hanna Managing Director N/A
Highest
$0 $37,599 $257,725
Lali Chania Managing Director N/A
Highest
$0 $38,909 $252,960
Mary Linehan Sr Tech, Infectious Diseases N/A
Highest
$0 $33,652 $231,760
Paul Auxila Chief of Party, Haiti Program N/A
Highest
$0 $39,463 $384,743
Cheri Kase Chief Information Officer N/A
$0 $9,160 $109,048
Frederick Kellett Managing Director N/A
$0 $9,221 $111,674
Abagail Nelson Director 2.0
$0 $0 $0
Cathy Petti Director 2.0
$0 $0 $0
David Lose Director 2.0
$0 $0 $0
Hilda Arellano Director 2.0
$0 $0 $0
Jean Hanson Director 2.0
$0 $0 $0
Katherine Tunheim Director 5.0
$0 $0 $0
Kenneth Jones Director 5.0
$0 $0 $0
Kurt Newman Director 2.0
$0 $0 $0
Marcelino Ford-Livene Director 2.0
$0 $0 $0
Muna Bhanji Director 2.0
$0 $0 $0
Philip Atkins-Pattenson Director 5.0
$0 $0 $0
Sonya Funna Director 2.0
$0 $0 $0
Tamron Keith Director 2.0
$0 $0 $0
Timothy Runtsch Director 2.0
$0 $0 $0
William Craft Director 2.0
$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 $5,700,130 $7,581,105 $7,168,379 $-1,880,975
2023 $11,659,728 $11,395,759 $7,329,759 $263,969
2022 $13,127,527 $10,802,749 $8,994,368 $2,324,778
2021 $10,914,808 $10,751,874 $3,612,532 $162,934
2020 $8,861,610 $8,547,325 $2,687,450 $314,285
2019 $4,967,977 $4,859,034 $4,766,903 $108,943
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