CHERRYWOOD VILLAGE OF GRAND FORKS (EIN 454276187) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

GARTH RYDLAND

Phone

7017877912

Tax Period

2022-07-01 to 2023-06-30

CHERRYWOOD VILLAGE OF GRAND FORKS, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $195K in total revenue in fiscal year 2022. Expenses of $382K exceeded revenue, resulting in a 96% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $73,806

Program Service Revenue $119,206

Investment Income $1

Other Revenue $1,539

TOTAL REVENUE $194,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $339,848

Other Expenses $381,783

TOTAL EXPENSES $381,783

Year-over-Year Comparison

	2022	2021	Change
Revenue	$194,552	$193,986	+0.0%
Expenses	$381,783	$374,845	+0.0%
Net Income	$-187,231	$-180,859	+0.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$482,985

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARTH RYDLAND	PRESIDENT/CEO	1.00	Officer	$0	$25,801	$300,429
LORILEE BOTT	CFO	1.00	Officer	$0	$25,962	$182,556
MARGARET REED	CHAIR	1.00	Officer Director	$0	$0	$0
DAVE MOLMEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KAREN BREKKE	SECRETARY	1.00	Officer Director	$0	$0	$0
PETER HOISTAD	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH RAYMOND	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT THOMPSON	DIRECTOR	1.00	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
2023	$194,552	$381,783	$3,579,601	$-187,231
2022	$193,986	$374,845	$3,733,297	$-180,859
2021	$189,167	$356,966	$3,900,018	$-167,799
2020	$184,399	$336,159	$4,062,119	$-151,760
2019	$177,383	$369,395	$4,217,159	$-192,012

CHERRYWOOD VILLAGE OF GRAND FORKS