Cornerstone Care Inc
- Assets
- $17.0m
- Revenue
- $24.2m
- Investments
- $0.0
- Employees
- 251
- Location
- Greensboro, PA
- Founding
- 04/1979
- Data as of
- 03/2022
- 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 03/2022, Cornerstone Care Inc employed 251 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 03/2022, Cornerstone Care Inc generated $24.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $21.3m during the year ending 03/2022. While expenses have increased by 6.0% per year over the past 7 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
2022
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 |
|---|---|---|---|
Daniel Church Physician | 40 | $882,682 | |
Stephen Neal Physician | 40 | $313,533 | |
Edward Foley Physician | 40 | $248,300 | |
Amber Warren Physician | 40 | $237,400 | |
Jihad Irani Physician | 40 | $232,050 | |
Richard Rinehart CEO | Officer | 40 | $162,312 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Upmc Health Plan Health Insuranc | 3/30/22 | $1,008,281 |
Ohio Shared Information Systems Inc Software Provid | 3/30/22 | $853,020 |
Healthcare Support Technologies Inc Tech Support | 3/30/22 | $518,823 |
Solutionz Inc Audio Visual In | 3/30/22 | $513,454 |
Henry Schein Dental Supplies | 3/30/22 | $267,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,151 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,851,145 |
| All other contributions, gifts, grants, and similar amounts not included above | $265,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,132,582 |
| Total Program Service Revenue | $16,890,357 |
| Investment income | $686 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $165,474 |
| 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 | $24,215,841 |
| 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. | $278,488 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,328,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,354,751 |
| Payroll taxes | $861,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,927 |
| Fees for services: Accounting | $52,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $242,171 |
| Office expenses | $37,720 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $372,951 |
| Travel | $101,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $370,462 |
| Insurance | $170,333 |
| All other expenses | $361,480 |
| Total functional expenses | $21,292,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,439,192 |
| Savings and temporary cash investments | $7,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,212,987 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $397,046 |
| Prepaid expenses and deferred charges | $87,387 |
| Net Land, buildings, and equipment | $7,692,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,729 |
| Total assets | $17,015,831 |
| Accounts payable and accrued expenses | $1,754,003 |
| Grants payable | $0 |
| Deferred revenue | $39,409 |
| 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 | $1,992,722 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,786,134 |
| Net assets without donor restrictions | $12,535,158 |
| Net assets with donor restrictions | $694,539 |
| 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 | $17,015,831 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Care Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ACCESS TO CARE | $70,000 |
Endowment Analysis
| Beg. Balance | $1,203,948 |
| Net Contributions | $265,286 |
| Other Expense | $724,695 |
| Ending Balance | $744,539 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthsource Of Ohio Inc Loveland, OH | $84,578,401 | $58,527,239 |
Bronxcare Dr Martin Luther King Jr Health Center Bronx, NY | $38,014,365 | $52,571,307 |
Cornerstone Family Healthcare Cornwall, NY | $45,954,625 | $50,605,284 |
Delaware Valley Community Health Inc Philadelphia, PA | $40,322,631 | $53,045,833 |
Joseph P Addabbo Family Health Center Inc Arverne, NY | $41,766,834 | $54,271,976 |
Health Partners Of Western Ohio Lima, OH | $51,301,466 | $55,781,232 |
Wayne Memorial Community Health Centers Honesdale, PA | $24,922,017 | $46,112,323 |
Columbus Neighborhood Health Center Inc Columbus, OH | $20,745,840 | $43,574,110 |
Bronxcare Special Care Center Bronx, NY | $26,322,135 | $47,475,448 |
Anthony L Jordan Health Corporation Rochester, NY | $24,407,903 | $40,889,273 |
Community Care Of West Virginia Inc Rock Cave, WV | $27,084,717 | $42,652,650 |
Brownsville Community Development Corporation Brooklyn, NY | $17,399,265 | $35,733,707 |