CORNISH FOUNDATION

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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

2001

Legal Domicile

Principal Officer

EMILY PARKHURST

Phone

2067265020

Tax Period

2024-06-01 to 2025-05-31

CORNISH FOUNDATION, founded in 2001, is a small nonprofit in the Education sector that reported $229K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $202K left a modest 12% surplus.

Mission

CORNISH FOUNDATION PROVIDES SCHOLARSHIP SUPPORT TO STUDENTS ATTENDING CORNISH COLLEGE OF THE ARTS.

Program Service Accomplishments

Program 1

Expenses: $183,690 Revenue: $0

PROVIDE SCHOLARSHIP SUPPORT TO STUDENTS AT CORNISH COLLEGE OF THE ARTS. SCHOLARSHIPS WERE AWARDED TO 34 STUDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $228,749

Other Revenue $0

TOTAL REVENUE $228,749

Expense Breakdown

Grants Paid $183,690

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,690

Other Expenses $18,085

TOTAL EXPENSES $201,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,749	$187,831	+0.2%
Expenses	$201,775	$200,360	+0.0%
Net Income	$26,974	$-12,529	-3.2%

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

N/A

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

$832,115

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JODY CUNNINGHAM	CHAIR	0.50	Officer Director	$0	$0	$0
CHAP ALVORD	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
ROGER BASS	DIRECTOR	0.50	Director	$0	$0	$0
CAROL MUNRO	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND TYMAS-JAMES	PRESIDENT (THRU 7/24)	0.50	Officer	$0	$25,694	$416,429
EMILY PARKURST	INTERIM PRESIDENT (AS OF 7/24)	0.50	Officer	$0	$8,826	$123,125
DEBORAH TREEN	VP FINANCE & BUDGET,CFO (THRU 12/24)	0.50	Officer	$0	$22,903	$240,807
CHERYL WYNNE	INTERIM CFO (AS OF 12/24)	0.50	Officer	$0	$0	$51,754

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
2025	$228,749	$201,775	$3,783,860	$26,974
2024	$187,831	$200,360	$3,653,240	$-12,529
2023	$138,746	$193,692	$3,285,423	$-54,946
2022	$255,233	$190,534	$3,621,679	$64,699
2021	$168,141	$191,096	$4,114,546	$-22,955
2020	$111,587	$253,235	$3,336,036	$-141,648
2019	$176,043	$119,018	$3,509,665	$57,025
2018	$201,262	$183,908	$3,646,444	$17,354