THE CHERRY COMMUNITY ORGANIZATION (EIN 581355244) - 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

1977

Legal Domicile

Principal Officer

BARBARA RAINEY

Phone

7049540045

Tax Period

2023-01-01 to 2023-12-31

THE CHERRY COMMUNITY ORGANIZATION, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $227K exceeded revenue, resulting in a 23% operating deficit.

Mission

PRESERVATION OF THE HISTORIC NATURE OF THE CHERRY COMMUNITY

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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 $145,457

Program Service Revenue $0

Investment Income $500

Other Revenue $38,990

TOTAL REVENUE $184,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $206,617

Other Expenses $227,058

TOTAL EXPENSES $227,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,947	$114,873	+0.6%
Expenses	$227,058	$40,141	+4.7%
Net Income	$-42,111	$74,732	-1.6%

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

N/A

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
VIRGINIA BYNUM	PRESIDENT	1.00	Director	$0	$0	$0
BARBARA RAINEY	VICE PRESIDENT	1.00	Director	$0	$0	$0
DONNA M GRIER	SECRETARY	1.00	Director	$0	$0	$0
MYRON PATTON	TREASURER	1.00	Director	$0	$0	$0
DORIS DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
ANTONIO JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE BITTLE	FOUNDING BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$184,947	$227,058	$6,726,052	$-42,111
2022	$114,873	$40,141	$2,238,938	$74,732
2021	$169,938	$39,275	$2,173,907	$130,663
2020	$17,645	$17,602	$1,312,777	$43

THE CHERRY COMMUNITY ORGANIZATION