CHERRYWOOD VILLAGE OF GRAND FORKS

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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

2023-07-01 to 2024-06-30

CHERRYWOOD VILLAGE OF GRAND FORKS, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2023. Expenses of $424K exceeded revenue, resulting in a 108% 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.

Program Service Accomplishments

Program 1

Expenses: $383,773 Revenue: $125,546

THE ORGANIZATION PROVIDES HOUSING AND SERVICES FOR ITS TENANTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,082

Program Service Revenue $123,749

Investment Income $5

Other Revenue $1,797

TOTAL REVENUE $203,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $383,773

Other Expenses $423,736

TOTAL EXPENSES $423,736

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,633	$194,552	+0.0%
Expenses	$423,736	$381,783	+0.1%
Net Income	$-220,103	$-187,231	+0.2%

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

$512,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET REED	CHAIR	1.00	Officer Director	$0	$0	$0
DAVE MOLMEN	VICE CHAIR	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	TREASURER	1.00	Director	$0	$0	$0
CAROL SVENDSON	SECRETARY	1.00	Director	$0	$0	$0
SCOTT BERGE	DIRECTOR	1.00	Director	$0	$0	$0
GARTH RYDLAND	PRESIDENT/CEO	1.00	Officer	$0	$21,760	$306,165
LORILEE BOTT	CFO	1.00	Officer	$0	$28,537	$205,839

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
2024	$203,633	$423,736	$3,445,081	$-220,103
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