3 CHERRY WAY HOMEOWNER ASSOCIATION

EIN: 474181657

HUNTERSVILLE, NC

Total Revenue
$629,824
Total Expenses
$437,207
Total Assets
$1,302,383
Net Assets
$1,254,579
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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
2015
Legal Domicile
NC
Principal Officer
KARRY BROCKMAN
Phone
7048757299
Tax Period
2024-01-01 to 2024-12-31

3 CHERRY WAY HOMEOWNER ASSOCIATION, founded in 2015, is a small nonprofit that reported $630K in total revenue in fiscal year 2024. The organization ran a surplus of $193K, a strong 31% operating margin.

Mission

TO MANAGE, MAINTAIN, OPERATE, CARE FOR AND ADMINISTER THE DEVELOPMENT, INCLUDING, BUT NOT LIMITED TO, THE COMMON AREAS AND PUBLIC ROADS, TO ENFORCE THE CONVENENTS, RESTRICTIONS, EASEMENTS, ETC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $556,761
Investment Income $73,063
Other Revenue $0
TOTAL REVENUE $629,824

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $412,367
Other Expenses $437,207
TOTAL EXPENSES $437,207

Year-over-Year Comparison

2024 2023 Change
Revenue $629,824 N/A N/A
Expenses $437,207 N/A N/A
Net Income $192,617 N/A N/A
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
5
Independent Members
N/A
Employees
N/A
Volunteers
5

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGE BARNES SECRETARY N/A
Officer
$0 $0 $0
KARRY BROCKMAN PRESIDENT N/A
Officer
$0 $0 $0
CINDY DUBAC VICE-PRESIDN N/A
Officer
$0 $0 $0
CURT HENDRICKS TREASURER N/A
Officer
$0 $0 $0
PATRICIA LACOURSE SECRETARY N/A
Officer
$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
2024 $629,824 $437,207 $1,302,383 $192,617
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