CHEROKEE RECREATION CENTER INC

EIN: 630587971

CENTRE, AL

Total Revenue
$534,750
Total Expenses
$286,128
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1969
Principal Officer
LORRIE PERRY
Phone
2569275070
Tax Period
2022-01-01 to 2022-12-31

CHEROKEE RECREATION CENTER INC, founded in 1969, is a small nonprofit that reported $236K in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $225K left a modest 5% surplus.

Mission

TO PROVIDE RECREATIONAL OPPORTUNITIES TO MEMBERS AND THEIR GUESTS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $93,455
Program Service Revenue $183,460
Investment Income $257,835
Other Revenue $0
TOTAL REVENUE $534,750

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,529
Fundraising Expenses $0
Other Expenses $191,599
TOTAL EXPENSES $286,128

Year-over-Year Comparison

2022 2021 Change
Revenue $534,750 $305,621 +0.7%
Expenses $286,128 $318,657 -0.1%
Net Income $248,622 $-13,036 -20.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
17
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
7
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT FARRAR VICE PRESIDE N/A
Officer
$0 $0 $0
SID GARRETT DIRECTOR N/A
Officer
$0 $0 $0
WADE GARRETT DIRECTOR N/A
Officer
$0 $0 $0
TED NOWAK DIRECTOR N/A
Officer
$0 $0 $0
LORRIE PERRY PRESIDENT N/A
Officer
$0 $0 $0
GARY SEWELL DIRECTOR N/A
Officer
$0 $0 $0
KYLE WILSON DIRECTOR N/A
Officer
$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 $534,750 $286,128 No data $248,622
2021 $305,621 $318,657 $36,036 $-13,036
2020 $258,193 $230,931 $69,161 $27,262
2019 $240,724 $219,729 $49,611 $20,995
2018 $235,921 $225,261 $25,881 $10,660
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