Cornerstone Preparatory School Inc (EIN 841843718) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Phone

2708417540

Tax Period

2022-07-01 to 2023-06-30

Cornerstone Preparatory School Inc, founded in 2019, is a small nonprofit in the Education sector that reported $700K in total revenue in fiscal year 2022. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

Cornerstone Preparatory School offers a distinctly different education for kindergarten through 12th grade. Fully-accredited education is offered through the lens of a Biblical world view which prepares our students for college, career, and life. It is our hope that students who are graduated from Cornerstone Prep will develop exemplary strengths, be ready to succeed in whatever path they choose in life, and fully contribute to our community.

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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 (2022)

Revenue Breakdown

Contributions & Grants $685,700

Program Service Revenue $14,783

Investment Income $0

Other Revenue $0

TOTAL REVENUE $700,483

Expense Breakdown

Grants Paid $0

Salaries & Benefits $530,010

Fundraising Expenses $0

Program Expenses $631,360

Other Expenses $169,879

TOTAL EXPENSES $699,889

Year-over-Year Comparison

	2022	2021	Change
Revenue	$700,483	$450,964	+0.6%
Expenses	$699,889	$442,348	+0.6%
Net Income	$594	$8,616	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Amber Baker	Director	2.00	Director	$0	$0	$0
Anthony Knight	Treasurer	2.00	Director	$0	$0	$0
Tim Morgan	Vice President	2.00	Director	$0	$0	$0
Ryan Sizemore	Director	2.00	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	$700,483	$699,889	$56,496	$594
2022	$450,964	$442,348	$53,277	$8,616
2021	$373,005	$333,463	$44,359	$39,542
2020	$306,529	$342,651	$56,235	$-36,122

Cornerstone Preparatory School Inc