CORNWELL RESEARCH GROUP (EIN 831938558) - 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

2018

Principal Officer

DAVID CORNWELL

Phone

7578731534

Tax Period

2023-01-01 to 2023-12-31

CORNWELL RESEARCH GROUP, founded in 2018, is a small nonprofit in the Science & Technology sector that reported $373K in total revenue in fiscal year 2020. Expenses of $355K left a modest 5% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE QUALITY WATER TO ALL. THE DIRECTORS ARE MADE UP OF EXPERTS IN THE WATER FIELD AND ESPECIALLY DEALING WITH THE MISSION OF REDUCING LEAD EXPOSURE IN WATER TO CHILDREN. AS NEEDED THE ORGANIZATION BRINGS IN OTHER EXPERTS TO SOLVE LEAD ISSUES. LARGE WATER SYSTEMS HAVE THE RESOURCES TO REDUCE LEAD IN WATER, BUT SMALL UTILITIES ARE OFTEN LEFT ON THEIR OWN AND LACK RESOURCES TO PROPERLY EVALUATE LEAD REDUCTION STRATEGIES. WE ARE FOCUSED ON ESPECIALLY ASSISTING THESE SMALL COMMUNITY WATER SUPPLIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $736,303

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $736,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $471,514

Fundraising Expenses $0

Program Expenses $693,975

Other Expenses $263,123

TOTAL EXPENSES $734,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,303	$548,246	+0.3%
Expenses	$734,637	$537,861	+0.4%
Net Income	$1,666	$10,385	-0.8%

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

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

$201,554

Total Directors

$201,554

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CORNWELL	DIRECTOR	30.00	Officer Director	$101,927	$0	$101,927
NANCY CORNWELL	DIRECTOR	30.00	Officer Director	$99,627	$0	$99,627
WILLIAM CORNWELL	DIRECTOR	8.00	Officer 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	No data	No data	No data	No data
2023	$736,303	$734,637	$382,389	$1,666
2022	$548,246	$537,861	$480,645	$10,385
2021	$215,286	$147,371	$305,101	$67,915
2020	$372,611	$354,893	$362,303	$17,718

CORNWELL RESEARCH GROUP