Cornerstone Christian Academy

Cornerstone Christian Academy reports zero revenue and assets in its latest filing after years of declining financial activity.

EIN: 205342695 · Presque Isle, ME · Updated: 2026-03-28

$0Revenue

$0Assets

30/100Mission Score (Poor)

About Cornerstone Christian Academy

Cornerstone Christian Academy (EIN: 205342695) is a nonprofit organization based in Presque Isle, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Christian Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cornerstone Christian Academy with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Cornerstone Christian Academy allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that officers either serve on a volunteer basis or receive no reportable compensation, which is highly unusual for an organization of its former size (with revenues previously exceeding $300,000).

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Cornerstone Christian Academy's IRS 990 filings:

Zero reported revenue and assets in the latest filing, indicating potential cessation of operations.
Consistent trend of expenses exceeding revenue in recent active years (e.g., 2017, 2018), suggesting financial instability.
Significant decline in revenue from $441,346 in 2015 to $58,906 in 2018, preceding the $0 report.
Lack of detailed spending breakdown (program vs. admin vs. fundraising) in the provided summary data, hindering efficiency assessment.

Strengths

The following positive indicators were identified for Cornerstone Christian Academy:

History of filing IRS Form 990s, indicating compliance with reporting requirements during its active years.
Consistent reporting of 0% officer compensation, suggesting a volunteer-driven leadership structure or very low executive costs.
Maintained a stable asset base (around $300,000-$340,000) for several years (2013-2017) before the recent decline.

Frequently Asked Questions about Cornerstone Christian Academy

What caused the sudden drop to $0 in revenue and assets in the latest filing?

The provided data does not specify the reason for the dramatic decline to zero revenue and assets, but it strongly suggests the organization may have ceased operations or undergone a significant dissolution.

Is Cornerstone Christian Academy still operational?

Based on the latest filing reporting $0 revenue and $0 assets, it is highly probable that Cornerstone Christian Academy is no longer actively operational.

What was the organization's primary source of revenue when it was active?

The provided summary data does not detail the specific sources of revenue, only the total amounts. Further investigation into the full 990 forms would be required.

How did the organization manage its liabilities, which fluctuated significantly?

Liabilities varied from a low of $3,281 in 2012 to a high of $120,196 in 2013 and $114,790 in 2014, before decreasing again. The summary data does not provide details on how these liabilities were managed or what they represented.

Filing History

IRS 990 filing history for Cornerstone Christian Academy showing financial trends over 8 years of public records:

Over 8 years of IRS 990 filings (2011–2018), Cornerstone Christian Academy's revenue has declined by 75.5%, moving from $240K to $59K. Total assets increased by 361.1% over the same period, from $61K to $279K. Total functional expenses fell by 63%, from $192K to $71K. In its most recent filing year (2018), Cornerstone Christian Academy reported a deficit of $12K, with expenses exceeding revenue. The organization holds $60 in liabilities against $279K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $279K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2018	$59K	$71K	$279K	$60	—	View 990
2017	$330K	$348K	$328K	$37K	—	View 990
2016	$328K	$335K	$331K	$22K	—	View 990
2015	$441K	$338K	$343K	$27K	—	View 990
2014	$314K	$314K	$327K	$115K	—	View 990
2013	$327K	$200K	$333K	$120K	—	View 990
2012	$242K	$214K	$88K	$3K	—	View 990
2011	$240K	$192K	$61K	$4K	—	View 990

Year-by-Year Financial Summary

2018: Revenue of $59K, expenses of $71K, and assets of $279K (revenue -82.2% year-over-year).
2017: Revenue of $330K, expenses of $348K, and assets of $328K (revenue +0.6% year-over-year).
2016: Revenue of $328K, expenses of $335K, and assets of $331K (revenue -25.6% year-over-year).
2015: Revenue of $441K, expenses of $338K, and assets of $343K (revenue +40.7% year-over-year).
2014: Revenue of $314K, expenses of $314K, and assets of $327K (revenue -4.1% year-over-year).
2013: Revenue of $327K, expenses of $200K, and assets of $333K (revenue +35.1% year-over-year).
2012: Revenue of $242K, expenses of $214K, and assets of $88K (revenue +0.7% year-over-year).
2011: Revenue of $240K, expenses of $192K, and assets of $61K.

Data Sources and Methodology

This transparency report for Cornerstone Christian Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.