CORNERSTONE BIBLE INSTITUTE (EIN 830301962) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

STEVEN DEFORD

Tax Period

2022-07-01 to 2023-06-30

Cornerstone Bible Institute, founded in 1993, is a small nonprofit that reported $314K in total revenue in fiscal year 2017. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $348K exceeded revenue, resulting in a 11% operating deficit.

Mission

RELIGIOUS EDUCATION: THE BIBLE INSTITUTE OFFERS A 3 YEAR DEGREE (96 HOURS) IN BIBLE STUDIES, WITH MINORS IN PASTORAL MINISTRIES, MISSIONS, CHRISTIAN EDUCATION, AND MUSIC STUDIES. THE INSTITUTE SERVES ABOUT 36 FULL AND PART-TIME STUDENTS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $169,795

Program Service Revenue $0

Investment Income $785

Other Revenue $0

TOTAL REVENUE $170,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,521

Fundraising Expenses $0

Program Expenses $188,196

Other Expenses $63,767

TOTAL EXPENSES $189,288

Year-over-Year Comparison

	2022	2021	Change
Revenue	$170,580	N/A	N/A
Expenses	$189,288	N/A	N/A
Net Income	$-18,708	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT PARKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID BREWER	SECRETARY	2.00	Officer Director	$0	$0	$0
STEVEN DEFORD	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE JOHNSON	TREASURER	2.00	Officer	$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
2023	$170,580	$189,288	$593,204	$-18,708
2022	$227,330	$232,760	$611,912	$-5,430
2021	$324,384	$394,921	$620,683	$-70,537
2020	$397,863	$420,160	$691,220	$-22,297
2019	$268,474	$330,379	$712,383	$-61,905
2018	$313,929	$348,231	$772,081	$-34,302

CORNERSTONE BIBLE INSTITUTE