CORNWELL RESEARCH GROUP

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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

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 $736K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

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.

Program Service Accomplishments

Program 1

Expenses: $693,975

CURRENT GRANT IS FOR THE DEVELOPMENT OF A COMMUNITY-BASED LEAD RISK AND MITIGATION MODEL. THE OBJECTIVE IS TO FURTHER THE SCIENCE OF RISK ASSESSMENT AND MITIGATION FOR LEAD (PB) EXPOSURE, AND TO...

CURRENT GRANT IS FOR THE DEVELOPMENT OF A COMMUNITY-BASED LEAD RISK AND MITIGATION MODEL. THE OBJECTIVE IS TO FURTHER THE SCIENCE OF RISK ASSESSMENT AND MITIGATION FOR LEAD (PB) EXPOSURE, AND TO TRANSLATE THIS INTO PRACTICES THAT LIMIT OR EVEN ELIMINATE PB EXPOSURE FOR DRINKING WATER CONSUMERS, ESPECIALLY CHILDREN AND PREGNANT WOMEN. THIS WORK WILL BE APPLICABLE TO SENSITIVE MEMBERS OF THE GENERAL PUBLIC AS WELL AS SMALL AND LARGE COMMUNITIES ACROSS THE US WITH DIFFERENT WATER SOURCES AND VARYING WATER QUALITY. THE ORGANIZATION ALSO PROVIDES RESEARCH FOR POTABLE WATER QUALITY IMPROVEMENTS.

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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 $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