CORUS INTERNATIONAL INC

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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

4102302800

Tax Period

2023-10-01 to 2024-09-30

CORUS INTERNATIONAL INC, founded in 2019, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 1485% from the prior year, signaling strong growth momentum. Expenses of $26.3M exceeded revenue, resulting in a 1207% operating deficit.

Mission

TO MANAGE AN INTERNATIONAL DEVELOPMENT, HEALTH, AND RELIEF FOCUSED FAMILY OF ORGANIZATIONS HELPING PEOPLE AND COMMUNITIES LIFT THEMSELVES OUT OF POVERTY, SUPPORT WELL-BEING OF INDIVIDUALS, FAMILIES AND COMMUNITIES, AND PROVIDE HUMANITARIAN, DEVELOPMENT, AND TECHNICAL ASSISTANCE. Corus International is the corporate family parent of Lutheran World Relief, Interchurch Medical Assistance and Corus Solutions. As such, this form 990 should be read in conjunction with the form 990s of these subsidiaries.

Program Service Accomplishments

Program 1

Expenses: $5,971,219 Revenue: $0

IN CONJUCTION WITH RELATED ORGANIZATIONS, LUTHERAN WORLD RELIEF, INTERCHURCH MEDICAL ASSISTANCE (IMA WORLD HEALTH), CORUS SOLUTIONS, GROUND UP INVESTING, AND CGA TECHNOLOGIES, CORUS INTERNATIONAL...

IN CONJUCTION WITH RELATED ORGANIZATIONS, LUTHERAN WORLD RELIEF, INTERCHURCH MEDICAL ASSISTANCE (IMA WORLD HEALTH), CORUS SOLUTIONS, GROUND UP INVESTING, AND CGA TECHNOLOGIES, CORUS INTERNATIONAL WORKS TO PROVIDE SERVICES THAT HELP PEOPLE AND COMMUNITIES LIFT THEMSELVES OUT OF POVERTY, SUPPORT WELL-BEING AND HEALTH OF INDIVIDUALS, FAMILIES AND COMMUNITIES AND TO IMPROVE AGRICULTURAL OUTCOMES AND PRACTICES IN ORDER TO IMPROVE RESILIENCY AND STABILITY OF RURAL ECONOMIES.

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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 $2,012,492

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,012,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,380,306

Fundraising Expenses $1,570,842

Program Expenses $5,971,219

Other Expenses $8,914,791

TOTAL EXPENSES $26,295,097

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,012,492	$126,977	+14.8%
Expenses	$26,295,097	$24,573,738	+0.1%
Net Income	$-24,282,605	$-24,446,761	0.0%

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

231

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

$1,438,745

Total Directors

$1,152,964

Key Employees

$1,588,033

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Speckhard	President and CEO	48.7	Officer Director	$530,561	$52,330	$582,891
Mahmoud Bah	Chief Operating Officer	50.4	Officer Director	$232,700	$32,773	$265,473
Tim McCully	Executive Vice President	45.3	Officer Director	$263,165	$41,435	$304,600
Abagail Nelson	Director	2.0	Director	$0	$0	$0
Cathy Petti	Director	2.0	Director	$0	$0	$0
David Lose	Director	2.0	Director	$0	$0	$0
Hilda Arellano	Director	2.0	Director	$0	$0	$0
Jean Hanson	Director	2.0	Director	$0	$0	$0
Katherine Tunheim	Director	5.0	Director	$0	$0	$0
Kenneth Jones	Director	5.0	Director	$0	$0	$0
Kurt Newman	Director	2.0	Director	$0	$0	$0
Marcelino Ford-Livene	Director	2.0	Director	$0	$0	$0
Muna Bhanji	Director	2.0	Director	$0	$0	$0
Philip Atkins-Pattenson	Director	5.0	Director	$0	$0	$0
Sonya Funna	Director	2.0	Director	$0	$0	$0
Tamron Keith	Director	2.0	Director	$0	$0	$0
Timothy Runtsch	Director	2.0	Director	$0	$0	$0
William Craft	Director	2.0	Director	$0	$0	$0
JoAnn Theys	Senior Vice President Finance and Administration(THRU 01/23)	45.3	Officer	$175,427	$15,892	$191,319
Mark Moyer	Interim CFO	39.6	Officer	$83,400	$11,062	$94,462
Andrea Wilson	General Counsel and Vice President of Compliance	47.3	Key Emp	$247,598	$45,467	$293,065
Edward Byrd	Vice President of Global Operations	44.8	Key Emp	$268,455	$47,308	$315,763
Frances Woodard	Chief People and Culture Officer	44.9	Key Emp	$274,854	$32,950	$307,804
Jeremy Bauman	Executive Director, Ground Up Investing	41.4	Key Emp	$156,642	$37,258	$193,900
Michael Watt	Vice President of Global Operations (THRU 12/23)	41.8	Key Emp	$249,871	$30,436	$280,307
Shelly Talcott	Chief of Staff (THRU 11/23)	42.2	Key Emp	$165,716	$31,478	$197,194
Eric Ramirez	Senior Technical Director	41.8	Highest	$198,132	$26,211	$224,343
George Hanna	Managing Director	45.2	Highest	$220,126	$37,599	$257,725
Lali Chania	Managing Director	40.7	Highest	$214,051	$38,909	$252,960
Mary Linehan	Sr Tech, Infectious Diseases (THRU 09/23)	35.1	Highest	$198,108	$33,652	$231,760
Paul Auxila	Chief of Party, Haiti Program	46.2	Highest	$345,280	$39,463	$384,743
Cheri Kase	Chief Information Officer	46.2		$99,888	$9,160	$109,048
Frederick Kellett	Managing Director (THRU 12/23)	44.0		$102,453	$9,221	$111,674

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	$2,012,492	$26,295,097	$7,746,384	$-24,282,605
2023	$126,977	$24,573,738	$8,909,931	$-24,446,761
2022	$34,455	$18,091,858	$10,612,047	$-18,057,403
2021	$21,209	$22,727,660	$1,324,691	$-22,706,451
2020	$9,061	$13,418,750	$696,919	$-13,409,689