CORNERSTONE FH CHARITABLE FOUNDATI… - 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

2018

Legal Domicile

Principal Officer

DAVID JOLLY

Phone

8452203100

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE FH CHARITABLE FOUNDATION, founded in 2018, is a small nonprofit in the Human Services sector that reported $677K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $563K, a strong 83% operating margin.

Mission

TO SUPPORT CORNERSTONE FAMILY HEALTHCARE'S MISSION AS A FREESTANDING DIAGNOSTIC AND TREATMENT CORPORATION LICENSED UNDER ARTICLE 28 OF THE NEW YORK STATE HEALTH LAW WHICH PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY UNDERSERVED POPULATION.

Program Service Accomplishments

Program 1

Expenses: $62,308

TO SUPPORT CORNERSTONE FAMILY HEALTHCARE'S MISSION TO PROVIDE A WIDE RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $298,716

Program Service Revenue $0

Investment Income $423,779

Other Revenue $-45,571

TOTAL REVENUE $676,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,308

Other Expenses $113,709

TOTAL EXPENSES $113,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$676,924	$314,465	+1.2%
Expenses	$113,709	$93,988	+0.2%
Net Income	$563,215	$220,477	+1.6%

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

$1,679,952

Total Directors

$1,808,262

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY ANSEHL	BOARD MEMBER	1.00	Director	$0	$0	$0
ARETHA THOMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL FIORAVANTI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID JOLLY	PRESIDENT&CEO/BOARD CHAIR	1.00	Officer Director	$0	$23,871	$534,638
DOMINIC CORDISCO	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN NARU	BOARD MEMBER	17.50	Director	$0	$11,146	$122,612
LINDA S MULLER	OUTGOING PRESIDENT&CEO/BOARD CHAIR	1.00	Officer Director	$0	$23,871	$751,993
LISA SOMMERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LIMPEROPULOS	SECRETARY	1.00	Officer Director	$0	$0	$189,507
PAUL ERNENWEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
REV NELSON MCALLISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SAQIB ALTAF	BOARD MEMBER	1.00	Director	$0	$32,884	$209,512
WAYNE DAY	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY BOLOGNESE	VP OF FINANCE	1.00	Officer	$0	$6,264	$203,814
PATRICK MURPHY	OUTGOING CFO	1.00		$0	$0	$569,509

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	$676,924	$113,709	$16,669,234	$563,215
2022	$314,465	$93,988	$14,211,422	$220,477
2021	$14,315,011	No data	$14,315,011	No data
2021	$14,673,356	$23,956	$14,767,057	$14,649,400

CORNERSTONE FH CHARITABLE FOUNDATION