FRIENDS OF CHENEY LAKE INC (EIN 562502447) - 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

2002

Legal Domicile

Principal Officer

Gregg Greenwood

Phone

3166500029

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF CHENEY LAKE INC, founded in 2002, is a small nonprofit in the Environment sector that reported $124K in total revenue in fiscal year 2025. Expenses of $145K exceeded revenue, resulting in a 17% operating deficit.

Mission

To assist in developing and implementing improvements at Cheney State Park. Activity is to maintain cabins and generate revenue from cabin rental.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $118,210

Investment Income $5,704

Other Revenue $0

TOTAL REVENUE $123,914

Expense Breakdown

Grants Paid $74,161

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,950

Other Expenses $70,789

TOTAL EXPENSES $144,950

Year-over-Year Comparison

	2025	2024	Change
Revenue	$123,914	$114,979	+0.1%
Expenses	$144,950	$141,341	+0.0%
Net Income	$-21,036	$-26,362	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregg Greenwod	President	1.00	Officer Director	$0	$0	$0
John Mosley	Treasurer	1.00	Officer Director	$0	$0	$0
Kathy Knowles	Secretary	1.00	Officer Director	$0	$0	$0
Patrick Adams	Director	1.00	Director	$0	$0	$0
Jeff Leonard	Director	1.00	Director	$0	$0	$0
Larry Booze	Director	1.00	Director	$0	$0	$0
Phil Nelson	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
2025	$123,914	$144,950	$573,710	$-21,036
2024	$114,979	$141,341	$601,102	$-26,362
2023	$130,766	$93,869	$637,038	$36,897
2022	$122,644	$94,003	$613,612	$28,641
2021	$156,195	$151,978	$597,755	$4,217
2020	$131,402	$79,245	$605,198	$52,157

FRIENDS OF CHENEY LAKE INC