Cornerstone Care Inc
- Assets
- $20.6m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 271
- Location
- Greensboro, PA
- Founding
- 04/1979
- Data as of
- 03/2023
- EIN
- 25-1346194
Organization Overview
Cornerstone Care Inc is located in Greensboro, PA. The organization was established in 1979. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 03/2023, Cornerstone Care Inc employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Cornerstone Care Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $22.2m during the year ending 03/2023. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CORNERSTONE CARE IS TO IMPROVE THE HEALTH OF THEIR PATIENTS AND THE RESIDENTS OF OUR COMMUNITY WITH SPECIAL CONCERN FOR THE MEDICALLY UNDERSERVED AND LOW-INCOME POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL HEALTH CARE - SERVES APPROXIMATELY 20,000 PATIENTS A YEAR IN NORTHWESTERN WASHINGTON COUNTY, SOUTHEASTERN AND WESTERN GREENE COUNTY AND PARTS OF FAYETTE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Neal Physician | 40 | $425,771 | |
Daniel Church Physician | 40 | $272,907 | |
Edward Foley Physician | 40 | $251,478 | |
Dana Morton Physician | 40 | $250,000 | |
Amber Warren Physician | 40 | $230,025 | |
Richard Rinehart CEO | Officer | 40 | $156,512 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Shared Information Systems Inc Software Provid | 3/30/23 | $881,983 |
Upmc Health Plan Health Insuranc | 3/30/23 | $754,847 |
Henry Schein Dental Supplies | 3/30/23 | $611,729 |
Cajota Contracting Llc Construction | 3/30/23 | $576,095 |
Healthcare Support Technologies Inc Tech Support | 3/30/23 | $545,071 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $18,015 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,609,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $959,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,587,588 |
| Total Program Service Revenue | $15,238,714 |
| Investment income | $993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $175,741 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,026,910 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $283,169 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,267,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,251,301 |
| Payroll taxes | $880,394 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,146 |
| Fees for services: Accounting | $44,283 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $330,398 |
| Office expenses | $41,660 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $367,517 |
| Travel | $124,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,421 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $369,350 |
| Insurance | $181,167 |
| All other expenses | $429,857 |
| Total functional expenses | $22,198,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,051,520 |
| Savings and temporary cash investments | $7,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,517,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $624,095 |
| Prepaid expenses and deferred charges | $154,208 |
| Net Land, buildings, and equipment | $12,329,327 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $922,440 |
| Total assets | $20,606,323 |
| Accounts payable and accrued expenses | $1,859,425 |
| Grants payable | $0 |
| Deferred revenue | $39,944 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,018,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $630,384 |
| Total liabilities | $6,547,943 |
| Net assets without donor restrictions | $12,559,138 |
| Net assets with donor restrictions | $1,499,242 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,606,323 |