Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Cherry Street Services Foundation, founded in 2007, is a community nonprofit in the Crime & Legal sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $454K, a strong 45% operating margin.
Cultivate community awareness, trust, and financial investment and share the Cherry Health story to inspire appreciation, engagement, and support of its mission.
The foundation receives and administers funds to promote and support the comprehensive healthcare mission and philosophy of Cherry Street Services, Inc.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,016,009 | $599,650 | +0.7% |
| Expenses | $561,920 | $698,159 | -0.2% |
| Net Income | $454,089 | $-98,509 | -5.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tasha Blackmon | CEO | 2.00 |
Officer
|
$0 | $19,531 | $504,531 |
| Cynthia Wagenhofer | CFO | 2.00 |
Officer
|
$0 | $30,735 | $287,960 |
| Elizabeth Joy Fossel | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jessica Payne | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dawne Bell | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Patti Griswold | Past President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Stephanie Naito | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Wayne Bersano | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jordoun Eatman | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Jessie Jones | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Ann Liefer | DIrector | 2.00 |
Director
|
$0 | $0 | $0 |
| Lisa M Lowery MD | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Peaches McCahill | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Stephanie McNamara | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Alexis Reame | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Brenna Reimink | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Joanne Roehm | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth Triezenberg | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Carroll Velie | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,016,009 | $561,920 | $2,064,604 | $454,089 |
| 2024 | $599,650 | $698,159 | $1,889,787 | $-98,509 |
| 2023 | $803,734 | $620,277 | $1,752,635 | $183,457 |
| 2022 | $609,423 | $310,736 | $1,614,616 | $298,687 |
| 2021 | $1,453,689 | $1,164,712 | $1,447,717 | $288,977 |
| 2020 | $383,303 | $448,750 | $692,700 | $-65,447 |
| 2019 | $407,145 | $299,228 | $790,464 | $107,917 |
Compare Cherry Street Services Foundation with other nonprofits in Michigan and across the country.