CORNERSTONE FRANCISCAN MINISTRIES INC (EIN 920283902) - 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

2022

Legal Domicile

Principal Officer

AB JAY BOGGS JR

Phone

4105382830

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE FRANCISCAN MINISTRIES INC, founded in 2022, is a community nonprofit in the Religion sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring.

Mission

INVESTING IN PEOPLE AND INSPIRING 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 (2024)

Revenue Breakdown

Contributions & Grants $2,180,699

Program Service Revenue $265,453

Investment Income $38,727

Other Revenue $0

TOTAL REVENUE $2,484,879

Expense Breakdown

Grants Paid $1,263,549

Salaries & Benefits $1,256,284

Fundraising Expenses $0

Program Expenses $2,538,742

Other Expenses $187,914

TOTAL EXPENSES $2,707,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,484,879	$6,431,336	-0.6%
Expenses	$2,707,747	$6,223,719	-0.6%
Net Income	$-222,868	$207,617	-2.1%

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

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

$282,617

Total Directors

$178,301

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DR KRISTOFER LINDH-PAYNE	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE MORGAN	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLIE DELGADO	TREASURER	1.00	Officer Director	$0	$0	$0
DAN MCCARTHY	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANNA MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
REV MONIQUE ELLISON	DIRECTOR	1.00	Director	$0	$0	$0
ABBOGGS JR	DIRECTOR, EX-OFFICIO, CEO/	40.00	Officer Director	$170,402	$7,899	$178,301
JUDITH M WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH M BENTZEN	FINANCE DIRECTOR	40.00	Officer	$103,381	$935	$104,316

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	$2,484,879	$2,707,747	$1,997,492	$-222,868
2023	$6,431,336	$6,223,719	$2,316,635	$207,617
2022	$1,675,896	$1,282	$4,735,203	$1,674,614

CORNERSTONE FRANCISCAN MINISTRIES INC