CHERRYVILLE COMMUNITY DEVELOPMENT … - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

PALMER E HUFFSTETLER SR

Phone

7044353716

Tax Period

2023-10-01 to 2024-09-30

CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION, founded in 1977, is a micro nonprofit in the Community Improvement sector that reported $16K in total revenue in fiscal year 2023. The organization ran a surplus of $15K, a strong 96% operating margin.

Mission

TO AID, PURSUE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.

Program Service Accomplishments

Program 1

Expenses: $695

CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION SEEKS OPPORTUNITIES TO EXPAND ECONOMIC DEVELOPMENT IN THE CHERRYVILLE, NC AREA.

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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 $0

Program Service Revenue $0

Investment Income $16,077

Other Revenue $0

TOTAL REVENUE $16,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $695

Other Expenses $695

TOTAL EXPENSES $695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,077	N/A	N/A
Expenses	$695	N/A	N/A
Net Income	$15,382	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D M PAYSEUR	PRESIDENT	1.00	Officer Director	$0	$0	$0
PALMER E HUFFSTETLER SR	TREASURER	2.00	Officer Director	$0	$0	$0
BEN BLACKBURN	SECRETARY	0.50	Officer Director	$0	$0	$0
TERRY STROUPE	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
RICHARD RANDALL	BOARD MEMBER	0.50	Director	$0	$0	$0
SUSAN LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
REGGIE WALKER	BOARD MEMBER	0.50	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
2024	$16,077	$695	$267,797	$15,382

CHERRYVILLE COMMUNITY DEVELOPMENT CORPORATION