CHERRYVILLE HIGH SCHOOL EDUCATION FOUNDATION

EIN: 274027430 501(c)(3) Education

CHERRYVILLE, NC

Total Revenue
$270,647
Total Expenses
$172,110
Total Assets
$680,174
Net Assets
$680,174
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
SUSAN LEWIS
Phone
7044352821
Tax Period
2023-06-01 to 2024-05-31

CHERRYVILLE HIGH SCHOOL EDUCATION FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $271K in total revenue in fiscal year 2023. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 36% operating margin.

Mission

THE FOUNDATION IS INSPIRED BY IRONMAN PRIDE TO PROVIDE DIRECT FUNDING TO CHERRYVILLE HIGH SCHOOL WHICH WILL ENRICH THE CURRICULUM, INSTRUCTION AND OVERALL EDUCATIONAL EXPERIENCE FOR ALL STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $204,082
Program Service Revenue $0
Investment Income $68,672
Other Revenue $-2,107
TOTAL REVENUE $270,647

Expense Breakdown

Grants Paid $156,129
Salaries & Benefits $5,600
Fundraising Expenses $0
Program Expenses $172,110
Other Expenses $10,381
TOTAL EXPENSES $172,110

Year-over-Year Comparison

2023 2022 Change
Revenue $270,647 $122,721 +1.2%
Expenses $172,110 $17,454 +8.9%
Net Income $98,537 $105,267 -0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
18
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$6,400
Total Directors
19
$6,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN LEWIS CHAIR 2.00
Officer Director
$0 $0 $0
M'SHEL BEAM BOWEN VICE CHAIR N/A
Officer Director
$0 $0 $0
BEN BLACKBURN TREASURER 1.00
Officer Director
$0 $0 $0
PAM HARRIS SECRETARY N/A
Officer Director
$0 $0 $0
NAN DAVIS EXECUTIVE DI 2.00
Officer Director
$6,400 $0 $6,400
HEATHER HOLT DIRECTOR N/A
Director
$0 $0 $0
JON ABERNETHY DIRECTOR N/A
Director
$0 $0 $0
NATASHA ALEXANDER DIRECTOR N/A
Director
$0 $0 $0
BOBBI BALLARD DIRECTOR N/A
Director
$0 $0 $0
ALICE DELLINGER DIRECTOR N/A
Director
$0 $0 $0
SHEILA HOUSER DIRECTOR N/A
Director
$0 $0 $0
EMILY HURST DIRECTOR N/A
Director
$0 $0 $0
JAMIE MCSWAIN DIRECTOR N/A
Director
$0 $0 $0
STEPHANIE MULVEY DIRECTOR N/A
Director
$0 $0 $0
LACEY SPANGLER DIRECTOR N/A
Director
$0 $0 $0
LUKE UPCHURCH DIRECTOR N/A
Director
$0 $0 $0
MARY JANE WEST DIRECTOR N/A
Director
$0 $0 $0
EMILY WINTER DIRECTOR N/A
Director
$0 $0 $0
SHAWN HUBERS DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $270,647 $172,110 $680,174 $98,537
2023 $122,721 $17,454 $581,637 $105,267
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