CHEROKEE HOUSING CORPORATION (EIN 570892097) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

LARRY PAUL MADDOX

Phone

2059331020

Tax Period

2024-10-01 to 2025-09-30

CHEROKEE HOUSING CORPORATION, founded in 1991, is a small nonprofit that reported $404K in total revenue in fiscal year 2017. Expenses of $469K exceeded revenue, resulting in a 16% operating deficit.

Mission

PROVIDE LOW COST HOUSING FOR THE ELDERLY AND DISABLED

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $343,184

Program Service Revenue $165,531

Investment Income $500

Other Revenue $6,341

TOTAL REVENUE $515,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,967

Fundraising Expenses $0

Program Expenses $506,796

Other Expenses $438,564

TOTAL EXPENSES $550,531

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,556	$472,221	+0.1%
Expenses	$550,531	$512,355	+0.1%
Net Income	$-34,975	$-40,134	-0.1%

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
LARRY PAUL MADDOX	PRESIDENT	2.00	Officer Director	$0	$0	$0
TRACY BISHOP	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LOWELL HAMILTON	BOARD MEMBER	2.00	Director	$0	$0	$0
MELVYN SALTER	BOARD MEMBER	2.00	Director	$0	$0	$0
IRIS TILLERY	BOARD MEMBER	2.00	Director	$0	$0	$0
CHAD HOPPER	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULA PRUITT	BOARD MEMBER	2.00	Director	$0	$0	$0
LANNY STARR	BOARD MEMBER	2.00	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	$515,556	$550,531	$854,895	$-34,975
2024	$472,221	$512,355	$919,550	$-40,134
2023	$477,077	$503,781	$994,314	$-26,704
2022	$439,533	$492,257	$1,049,364	$-52,724
2021	$449,000	$457,666	$1,144,724	$-8,666
2020	$416,947	$537,417	$1,175,301	$-120,470
2019	$684,133	$636,310	$1,413,976	$47,823
2018	$404,398	$468,832	$1,335,433	$-64,434

CHEROKEE HOUSING CORPORATION