CORNERSTONE ASSOCIATES INC (EIN 930517401) - 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

1965

Legal Domicile

Principal Officer

KENNETH SMITH

Phone

5417529724

Tax Period

2024-07-01 to 2025-06-30

CORNERSTONE ASSOCIATES INC, founded in 1965, is a community nonprofit in the Employment sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

CREATE MEANINGFUL COMMUNITY INVOLVEMENT FOR PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 $244,733

Program Service Revenue $2,760,035

Investment Income $97,545

Other Revenue $89,911

TOTAL REVENUE $3,192,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,407,651

Fundraising Expenses $0

Program Expenses $2,733,863

Other Expenses $850,984

TOTAL EXPENSES $3,258,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,192,224	$2,786,499	+0.1%
Expenses	$3,258,635	$2,306,533	+0.4%
Net Income	$-66,411	$479,966	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN SMITH	EXECUTIVE DIRECTOR	40.00		$111,192	$0	$111,192
PETER BALL	Treasurer	1.00	Director	$0	$0	$0
DEBRA HAMMOND	Board Member	2.00	Director	$0	$0	$0
STAN SELFRIDGE	Board Member	2.00	Director	$0	$0	$0
GAIL EBY	Vice President	0.00	Officer	$0	$0	$0
BECKY DILLEY	President	2.00	Officer	$0	$0	$0
JOHN MENTLER	Board Member	1.00	Officer	$0	$0	$0
SUSAN ZAREMBA	Secretary	2.00	Officer	$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
2025	$3,192,224	$3,258,635	$4,153,117	$-66,411
2024	$2,786,499	$2,306,533	$4,105,611	$479,966
2023	$2,374,352	$1,789,747	$3,378,183	$584,605
2022	$2,995,590	$2,403,777	$2,790,700	$591,813
2021	$2,320,974	$1,960,546	$2,469,623	$360,428
2020	$2,650,674	$2,828,278	$1,863,701	$-177,604
2019	$2,907,988	$2,984,400	$1,952,088	$-76,412
2018	$2,891,941	$2,923,295	$2,048,629	$-31,354

CORNERSTONE ASSOCIATES INC