AI Transparency Report
Cornerstone Christian Academy's financial health shows a concerning trend of declining revenue and increasing expenses in recent years, culminating in zero reported revenue and assets in the latest period. While the organization previously maintained a stable asset base, with assets around $300,000-$340,000 from 2013-2017, the sudden drop to $0 in the latest filing (after reporting $279,094 in 2018) raises significant questions about its operational status and financial viability. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can be a positive for efficiency, but the overall financial picture is highly unstable.
Spending efficiency is difficult to assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent pattern of expenses often exceeding revenue, particularly in 2017 and 2018, indicates a potential struggle with financial management or a reliance on reserves that have now been depleted. The lack of any reported financial activity in the latest period (Revenue=$0, Assets=$0) suggests the organization may no longer be actively operating or has undergone a significant restructuring.
Transparency is moderate based on the provided data. The organization has a history of filing IRS Form 990s, which is a positive indicator of compliance. However, the abrupt change to zero revenue and assets without further context in the provided data creates a transparency gap regarding the organization's current status and the reasons for this dramatic shift. A deeper dive into the full 990 forms would be necessary to understand the specifics of their spending and the circumstances leading to their current financial state.