THE CHERRY RIVER FOUNDATION INC

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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

2019

Legal Domicile

Principal Officer

CORY CHAMBERS

Phone

3046518453

Tax Period

2024-01-01 to 2024-12-31

THE CHERRY RIVER FOUNDATION INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $401K in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. Expenses of $471K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE CHERRY RIVER FOUNDATION IS A NONPROFIT CORPORATION ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, SPECIFICALLY TO BE A VEHICLE FOR PEOPLE OF ALL MEANS TO MAKE A LASTING DIFFERENCE IN THEIR COMMUNITY. THE CENTRAL PURPOSE OF THE FOUNDATION IS TO SERVE THE NEEDS AND PHILANTHROPIC AIMS OF DONORS WHO WISH TO BETTER THEIR COMMUNITY, NOW, AND IN THE FUTURE.

Program Service Accomplishments

Program 1

Expenses: $1,000

OUR ORGANIZATION WILL PROVIDE GRANT FUNDS TO ORGANIZATIONS THAT SERVE THE GREATER RICHWOOD AREA AS WELL AS SCHOLARSHIPS TO STUDENTS OF RICHWOOD HIGH SCHOOL. A GRANT APPLICATION WILL BE UTILIZED TO...

OUR ORGANIZATION WILL PROVIDE GRANT FUNDS TO ORGANIZATIONS THAT SERVE THE GREATER RICHWOOD AREA AS WELL AS SCHOLARSHIPS TO STUDENTS OF RICHWOOD HIGH SCHOOL. A GRANT APPLICATION WILL BE UTILIZED TO AWARD GRANT FUNDS, THIS WILL INVOLVE UNDERSTANDING THE PROJECT, THE NEED FOR THE PROJECT, BUDGET AND IMPACT ON THE COMMUNITY. SHCOLARSHIPS WILL BE AWARDED BASED ON THE CRITERIAL SET UP BY EACH DONOR FOR THEIR SCHOLARSHIP. COMMON FACTORS ARE GPA, ACT/SAT SCORES, EXTRACURRICULAR ACTIVITIES, COMMUNITY SERVICE, WORK EXPERIENCE AND RECOMMENDATION.

Program 2

Expenses: $11,830

THE CHERRY RIVER FOUNDATION WILL DISTRIBUTE GRANTS TO OTHER NONPROFITS TO HELP THEM SERVE THE NEEDS OF THE COMMUNITY. GRANTS AND SCHOLARSHIPS WILL BE AWARDED THROUGH AN APPLICATION. ORGANIZATIONS...

THE CHERRY RIVER FOUNDATION WILL DISTRIBUTE GRANTS TO OTHER NONPROFITS TO HELP THEM SERVE THE NEEDS OF THE COMMUNITY. GRANTS AND SCHOLARSHIPS WILL BE AWARDED THROUGH AN APPLICATION. ORGANIZATIONS WILL SUBMIT A PROJECT OR NEED AND DISCUSS THE REASONING AND BENEFITS OF THE PROJECT AS WELL AS A BUDGET FOR THE PROJECT.

Program 3

Expenses: $435,856 Revenue: $10,185

THE ORGANIZATION RENOVATED ALUMNI HALL AND THE COMMUNITY CENTER TO SERVE THE COMMUNITY OF RICHWOOD. THESE ARE AVAILABLE TO RENT FOR VARIOUS SOCIAL FUNCTIONS. RENOVATION IN 2024 INCLUDED ROOFING AND...

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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 (2024)

Revenue Breakdown

Contributions & Grants $270,506

Program Service Revenue $10,185

Investment Income $167,507

Other Revenue $-47,611

TOTAL REVENUE $400,587

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $448,686

Other Expenses $470,524

TOTAL EXPENSES $470,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,587	$160,666	+1.5%
Expenses	$470,524	$38,640	+11.2%
Net Income	$-69,937	$122,026	-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
RYAN BENNETT	TREASURER	N/A	Officer Director	$0	$0	$0
CORY CHAMBERS	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARSHA HANNA	BOARD MEMBER	N/A	Director	$0	$0	$0
DAN RITCHEY	BOARD MEMBER	N/A	Director	$0	$0	$0
DENISE TAYLOR	SECRETARY	N/A	Officer 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	No data	No data	No data	No data
2024	$400,587	$470,524	$1,134,458	$-69,937
2023	$160,666	$38,640	$1,198,057	$122,026
2022	$328,735	$342,106	$1,076,031	$-13,371
2021	$316,841	$85,714	$1,089,402	$231,127
2020	$90,414	$12,029	$858,275	$78,385
2019	$137,500	$58,474	$779,890	$79,026