Kornerstone Kids PS

Nonprofit profile at a glance

EIN
811522771
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Lynden, WA, USA
Phone
3607521511
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Rehabilitative Medical Services

Reported finances

Revenue
$468,639
Expenses
$389,507
Assets
$551,401
Liabilities
$156,244

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Jeannett Penner (Vice President)
  • Greg Penner (President)

Highest reported compensation

  • Jeannett Penner (Vice President): $67,000 total reported compensation
  • Greg Penner (President): $38,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide the best patient care and customer service available with commitment to both culture and community.

What it reported doing in 2020

The organization provides 1) physical, 2) occupational, and 3) speech therapy for children with a focus on helping low income families in whatcom county. The services are provided by licensed medical professionals that include physical therapists and their assistants, occupational therapists and their assistants, and speech therapists. Therapy services are funded by private and corprate donations as well as govnerment and private insurance plans.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 90
  • Accountability: 40
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.5%; rating input score 40
  • Program expense ratio: 48.7%; rating input score 49
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 14th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.9%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 1.42; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 12.3% per year; rating input score 100; 82nd percentile among comparable filings
  • Revenue growth: 13% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 33.8% per year; rating input score 100; 92nd percentile among comparable filings

Details

  • Where the money goes: 40.5% of revenue deployed · 48.7% of spending went to programs
  • Governance: 3 of 6 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $190K in reported program spending
  • Leadership: top reported pay $67K · 6 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • 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 40/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • Review — Accountability: Independent voting board scored 50/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.