Cornerstone Medical Services Foundation
EIN: 273832515 · Federal Way, WA · NTEE: E32
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $108K |
| Net Assets | $52K |
Is Cornerstone Medical Services Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Medical Services Foundation
Cornerstone Medical Services Foundation (EIN: 273832515) is a nonprofit organization based in Federal Way, WA, classified under NTEE code E32. The organization reported total revenue of $130K and total assets of $86K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Medical Services Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Medical Services Foundation is a small nonprofit that has been operating for 15 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $45K |
| Total Expenses | $108K |
| Surplus / Deficit | $-63,264 |
| Total Assets | $52K |
| Net Assets | $52K |
| Operating Margin | -140.5% |
| Months of Reserves | 5.8 months |
Financial Health Grade: B
In 2023, Cornerstone Medical Services Foundation reported a deficit of $63K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2013–2023), Cornerstone Medical Services Foundation's revenue has declined at a compound annual growth rate (CAGR) of -15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.0% | +926.1% | -54.8% |
| 2022 | -24.5% | -93.2% | +145.9% |
| 2018 | -48.0% | -37.6% | -55.4% |
| 2017 | +1.3% | -8.5% | +102.9% |
| 2016 | -40.5% | -45.7% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Medical Services Foundation 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 Medical Services Foundation 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 deficit of $63K, with expenses exceeding revenue.
Frequently Asked Questions about Cornerstone Medical Services Foundation
Is Cornerstone Medical Services Foundation a legitimate charity?
Cornerstone Medical Services Foundation (EIN: 273832515) is a registered tax-exempt nonprofit based in Washington. It has 8 years of IRS 990 filings on record. Total revenue: $130K. No red flags identified. Financial health grade: B.
How does Cornerstone Medical Services Foundation spend its money?
Cornerstone Medical Services Foundation reported $130K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Medical Services Foundation tax-deductible?
Cornerstone Medical Services Foundation is registered as a tax-exempt nonprofit (EIN: 273832515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Medical Services Foundation located?
Cornerstone Medical Services Foundation is headquartered in Federal Way, Washington and files with the IRS under EIN 273832515. It is classified under NTEE code E32.
How many years of IRS 990 filings does Cornerstone Medical Services Foundation have?
Cornerstone Medical Services Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $130K in total revenue.
Filing History
IRS 990 filing history for Cornerstone Medical Services Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Cornerstone Medical Services Foundation's revenue has declined by 80.7%, moving from $233K to $45K. Total assets decreased by 57.1% over the same period, from $122K to $52K. Total functional expenses fell by 22.9%, from $140K to $108K. In its most recent filing year (2023), Cornerstone Medical Services Foundation reported a deficit of $63K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $45K | $108K | $52K | $0 | — | — |
| 2022 | $115K | $11K | $115K | $0 | — | View 990 |
| 2018 | $153K | $155K | $47K | $0 | — | View 990 |
| 2017 | $294K | $248K | $105K | $57K | — | View 990 |
| 2016 | $291K | $270K | $52K | $50K | — | View 990 |
| 2015 | $488K | $498K | $51K | $69K | — | View 990 |
| 2014 | $372K | $501K | $65K | $73K | — | View 990 |
| 2013 | $233K | $140K | $122K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $45K, expenses of $108K, and assets of $52K (revenue -61.0% year-over-year).
- 2022: Revenue of $115K, expenses of $11K, and assets of $115K (revenue -24.5% year-over-year).
- 2018: Revenue of $153K, expenses of $155K, and assets of $47K (revenue -48.0% year-over-year).
- 2017: Revenue of $294K, expenses of $248K, and assets of $105K (revenue +1.3% year-over-year).
- 2016: Revenue of $291K, expenses of $270K, and assets of $52K (revenue -40.5% year-over-year).
- 2015: Revenue of $488K, expenses of $498K, and assets of $51K (revenue +31.3% year-over-year).
- 2014: Revenue of $372K, expenses of $501K, and assets of $65K (revenue +59.4% year-over-year).
- 2013: Revenue of $233K, expenses of $140K, and assets of $122K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Medical Services Foundation:
Data Sources and Methodology
This transparency report for Cornerstone Medical Services Foundation 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.