CHERRY LAKE UTILITIES CORPORATION (EIN 590563580) - 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

1965

Legal Domicile

Phone

8509294620

Tax Period

2022-01-01 to 2022-12-31

CHERRY LAKE UTILITIES CORPORATION, founded in 1965, is a small nonprofit that reported $137K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $25K, a strong 19% operating margin.

Mission

SUPPLYING POTABLE WATER TO MEMBERS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $120,656

Investment Income $1,565

Other Revenue $14,316

TOTAL REVENUE $136,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,827

Fundraising Expenses $0

Other Expenses $79,415

TOTAL EXPENSES $111,242

Year-over-Year Comparison

	2022	2021	Change
Revenue	$136,537	$110,251	+0.2%
Expenses	$111,242	$105,379	+0.1%
Net Income	$25,295	$4,872	+4.2%

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

N/A

Employees

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
GEORGE WHEELER	PRESIDENT	1.00	Director	$0	$0	$0
EMMETT P SANDERS III	VICE PRESIDENT	1.00	Director	$0	$0	$0
HAROLD SCARBERRY	DIRECTOR	1.00	Director	$0	$0	$0
JOY WELLS	DIRECTOR	1.00	Director	$0	$0	$0
TED WEBB	DIRECTOR	1.00	Director	$0	$0	$0
LARRY PETTIS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA M OLSON	SECRETARY/TREASURER	20.00	Officer Key Emp	$0	$0	$0
DAVID NORTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GRONKO	METER READER	5.00	Highest	$0	$0	$0
MORGAN A BISHOP	METER READER	5.00	Highest	$0	$0	$0
GARY H FINE	METER READER	1.00	Highest	$0	$0	$0
RICHARD KUMPFER	METER READER	1.00	Highest	$0	$0	$0
WILLIAM ANDREWS	ASSIST PLANT OPERATOR	5.00	Highest	$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
2022	$136,537	$111,242	$224,781	$25,295
2021	$110,251	$105,379	$210,568	$4,872
2020	$102,729	$108,318	$211,993	$-5,589
2019	$104,060	$100,148	$225,057	$3,912
2018	$95,923	$83,034	$228,932	$12,889
2017	$101,923	$98,329	$224,594	$3,594

CHERRY LAKE UTILITIES CORPORATION