Cornerstone Health Company
EIN: 920274251 · Byron, MN · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $141 |
| Net Assets | $1K |
Is Cornerstone Health Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Health Company
Cornerstone Health Company (EIN: 920274251) is a nonprofit organization based in Byron, MN, classified under NTEE code X99. The organization reported total revenue of $369K and total assets of $698K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Health Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Health Company is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -50.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $141 |
| Surplus / Deficit | +$859 |
| Total Assets | $664K |
| Total Liabilities | $663K |
| Net Assets | $1K |
| Operating Margin | 85.9% |
| Debt-to-Asset Ratio | 99.8% |
| Months of Reserves | 56539.9 months |
Financial Health Grade: A
In 2023, Cornerstone Health Company reported a surplus of $859 with revenue exceeding expenses, holds 56539.9 months of operating reserves (strong position), has a debt-to-asset ratio of 99.8% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Cornerstone Health Company's revenue has declined at a compound annual growth rate (CAGR) of -50.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -50.3% | -93.0% | +125.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Health Company has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Health Company with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $859, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.8%.
Frequently Asked Questions about Cornerstone Health Company
Is Cornerstone Health Company a legitimate charity?
Cornerstone Health Company (EIN: 920274251) is a registered tax-exempt nonprofit based in Minnesota. It has 2 years of IRS 990 filings on record. Total revenue: $369K. No red flags identified. Financial health grade: A.
How does Cornerstone Health Company spend its money?
Cornerstone Health Company reported $369K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Health Company tax-deductible?
Cornerstone Health Company is registered as a tax-exempt nonprofit (EIN: 920274251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Health Company located?
Cornerstone Health Company is headquartered in Byron, Minnesota and files with the IRS under EIN 920274251. It is classified under NTEE code X99.
How many years of IRS 990 filings does Cornerstone Health Company have?
Cornerstone Health Company has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $369K in total revenue.
Filing History
IRS 990 filing history for Cornerstone Health Company showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Cornerstone Health Company's revenue has declined by 50.3%, moving from $2K to $1K. Total assets increased by 125.7% over the same period, from $294K to $664K. Total functional expenses fell by 93%, from $2K to $141. In its most recent filing year (2023), Cornerstone Health Company reported a surplus of $859, with revenue exceeding expenses. The organization holds $663K in liabilities against $664K in assets (debt-to-asset ratio: 99.8%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1K | $141 | $664K | $663K | — | — |
| 2022 | $2K | $2K | $294K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Health Company:
Data Sources and Methodology
This transparency report for Cornerstone Health Company 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.