Cornwall Iron Furnace Associates Inc

Nonprofit profile at a glance

EIN
222579090
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Cornwall, PA, USA
Phone
7172729711
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$68,118
Expenses
$27,154
Assets
$149,577
Liabilities
$434

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JAMES POLCZYNSKI (PRESIDENT)
  • MIKE TRUMP (VICE PRESIDENT)

People named in this filing

  • JAMES POLCZYNSKI (PRESIDENT)
  • MIKE TRUMP (VICE PRESIDENT)
  • KATHY DONALDSON (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the preservation, interpretation, curatorial and educational programs of Cornwall Iron Furnace, a Pennsylvania Historical Museum Commission (PHMC) site.

What it reported doing in 2025

To support the preservation, interpretation, curatorial and educational programs of Cornwall Iron Furnace, a Pennsylvania Historical Museum Commission (PHMC) site. Supplemented the PHMC staff so the Cornwall Iron Furnace Site can remain open more often. Provide local employment for people to serve as site support staff. Publish quarterly newsletters promoting local history. Volunteers conduct quided tours for vistors to the site several days each week and during special events. Events are planned and interpretive signage is designed to introduce the visitors and the community to the site and its historic contributions to the iron industry. These events include but are not limited to a holiday open house held annually and a commermorative acknowledgement of local mining history. Lectures on related topics are held multiple times a year in-person and in digital platforms.

Operating model

Revenue model
Donor-supported. 80% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 69
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.4%; rating input score 46
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 14th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 60.1%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 5.51; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 46.4% of revenue deployed · 95.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $26K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 26/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.