Cornerstone Foundation
Provides medical care and shares the Gospel with people on Honduras' North Coast. For fiscal year 2024 it reported $857K in revenue, $864K in expenses, and $2.3M in net assets.Pt I
- Type
- Hospital · International
- Location
- Biloxi, MS
- Website
- www.crstone.org
- Filings
- 5 on file (2020–2024)
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Rosanne McKenney’s $55K as Grant Manager is at the 50th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Rosanne McKenney | $54,814 | $42,982 | $42,982 | $40,170 | $39,000 |
| Dr Jeff McKenney | $54,814 | $42,982 | $42,982 | $40,170 | $39,000 |
| Sally Mahoney | — | — | — | $803 | $720 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Where the work happens
Hospital loma de luz cared for approximately 27,396 patients of minimal resources offering full-time medical care of the highest quality in areas of family practice, pediatrics, cardiology, internal medicine, surgery, and maternal child health and dentistry. Medical clinics were open 5 days per week.
Ongoing HOUSING/CARE of poorest patient families and patients from other parts of the country at the sanctuary center and childrens center.
Escuela el camino offered classes for full time students including geography, art, music and reading. Support for all public schools in the area in obtaining libraries, offering special programs, and helping CONSTRUCT/UPGRADE schools. Held week long annual missionary kids camp for kids all over honduras.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 86% | — | — |
| Overhead ratio | 14% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 8% | — | — |
| Accounting fee ratio | 2% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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