Cedar Lake Cherrywood Inc
Cedar Lake Cherrywood Inc. shows recent revenue growth but has a history of operating deficits and declining assets.
EIN: 200659956 · Louisville, KY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $68K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $50,000 |
| Net Assets | $271K |
| Transparency Score | 75/100 |
Is Cedar Lake Cherrywood Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cedar Lake Cherrywood Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cedar Lake Cherrywood Inc
Cedar Lake Cherrywood Inc (EIN: 200659956) is a nonprofit organization based in Louisville, KY, classified under NTEE code L21. The organization reported total revenue of $72K and total assets of $293K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cedar Lake Cherrywood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cedar Lake Cherrywood Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $101K |
| Total Expenses | $68K |
| Surplus / Deficit | +$33K |
| Total Assets | $285K |
| Total Liabilities | $14K |
| Net Assets | $271K |
| Operating Margin | 32.8% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 50.3 months |
Financial Health Grade: A
In 2023, Cedar Lake Cherrywood Inc reported a surplus of $33K with revenue exceeding expenses, holds 50.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Cedar Lake Cherrywood Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +267.8% | +34.7% | +3.6% |
| 2022 | -42.9% | -16.7% | +2.9% |
| 2021 | -9.5% | -12.7% | -6.0% |
| 2020 | +0.8% | +4.8% | -5.0% |
| 2019 | +2.4% | -8.1% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cedar Lake Cherrywood Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cedar Lake Cherrywood Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size with revenues fluctuating around $50,000-$100,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cedar Lake Cherrywood Inc's IRS 990 filings:
- Consistent long-term decline in assets from $386,262 in 2015 to $284,947 in 2023.
- History of operating deficits where expenses exceeded revenue in multiple years (e.g., 2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015).
Strengths
The following positive indicators were identified for Cedar Lake Cherrywood Inc:
- Consistent 0% officer compensation across all 13 filings, indicating high efficiency in executive pay.
- Strong recent revenue growth in 2023 to $101,234, reversing a previous decline.
- Regular and consistent IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Cedar Lake Cherrywood Inc
Is Cedar Lake Cherrywood Inc a legitimate charity?
Cedar Lake Cherrywood Inc (EIN: 200659956) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $72K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cedar Lake Cherrywood Inc spend its money?
Cedar Lake Cherrywood Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cedar Lake Cherrywood Inc tax-deductible?
Cedar Lake Cherrywood Inc is registered as a tax-exempt nonprofit (EIN: 200659956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cedar Lake Cherrywood Inc CEO make?
Cedar Lake Cherrywood Inc's highest-compensated officer earns $50,000 annually. The organization reported $72K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cedar Lake Cherrywood Inc's spending goes to programs?
Cedar Lake Cherrywood Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cedar Lake Cherrywood Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cedar Lake Cherrywood Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cedar Lake Cherrywood Inc located?
Cedar Lake Cherrywood Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 200659956. It is classified under NTEE code L21.
How many years of IRS 990 filings does Cedar Lake Cherrywood Inc have?
Cedar Lake Cherrywood Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $72K in total revenue.
Is Cedar Lake Cherrywood Inc. financially stable?
While the organization saw a significant revenue increase in 2023 to $101,234 and operated with a surplus, its historical trend shows frequent deficits where expenses exceeded revenue (e.g., $50,486 expenses vs. $27,521 revenue in 2022), and assets have declined over time from $386,262 in 2015 to $284,947 in 2023. This suggests a need for continued monitoring of financial stability.
How does Cedar Lake Cherrywood Inc. manage its administrative costs?
The consistent reporting of 0% officer compensation across all 13 filings indicates a very lean administrative structure regarding executive pay, which is a positive sign for managing administrative costs efficiently.
What is the trend in the organization's assets?
The organization's assets have shown a declining trend over the past decade, from $386,262 in 2015 to $284,947 in 2023. This consistent reduction in assets warrants further investigation into the underlying causes.
Filing History
IRS 990 filing history for Cedar Lake Cherrywood Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Cedar Lake Cherrywood Inc's revenue has grown by 95.2%, moving from $52K to $101K. Total assets decreased by 33.6% over the same period, from $429K to $285K. Total functional expenses rose by 16.7%, from $58K to $68K. In its most recent filing year (2023), Cedar Lake Cherrywood Inc reported a surplus of $33K, with revenue exceeding expenses. The organization holds $14K in liabilities against $285K in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $271K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $101K | $68K | $285K | $14K | — | View 990 |
| 2022 | $28K | $50K | $275K | $38K | — | View 990 |
| 2021 | $48K | $61K | $267K | $7K | — | View 990 |
| 2020 | $53K | $69K | $284K | $12K | — | View 990 |
| 2019 | $53K | $66K | $299K | $11K | — | View 990 |
| 2018 | $52K | $72K | $311K | $9K | — | View 990 |
| 2017 | $26K | $32K | $334K | $11K | — | View 990 |
| 2017 | $52K | $65K | $339K | $11K | — | View 990 |
| 2016 | $52K | $62K | $357K | $17K | — | View 990 |
| 2015 | $50K | $83K | $386K | $35K | — | View 990 |
| 2014 | $52K | $66K | $404K | $20K | — | View 990 |
| 2013 | $52K | $66K | $407K | $8K | — | View 990 |
| 2012 | $52K | $58K | $429K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $101K, expenses of $68K, and assets of $285K (revenue +267.8% year-over-year).
- 2022: Revenue of $28K, expenses of $50K, and assets of $275K (revenue -42.9% year-over-year).
- 2021: Revenue of $48K, expenses of $61K, and assets of $267K (revenue -9.5% year-over-year).
- 2020: Revenue of $53K, expenses of $69K, and assets of $284K (revenue +0.8% year-over-year).
- 2019: Revenue of $53K, expenses of $66K, and assets of $299K (revenue +2.4% year-over-year).
- 2018: Revenue of $52K, expenses of $72K, and assets of $311K (revenue +99.2% year-over-year).
- 2017: Revenue of $26K, expenses of $32K, and assets of $334K (revenue -50.0% year-over-year).
- 2017: Revenue of $52K, expenses of $65K, and assets of $339K (revenue +0.0% year-over-year).
- 2016: Revenue of $52K, expenses of $62K, and assets of $357K (revenue +3.3% year-over-year).
- 2015: Revenue of $50K, expenses of $83K, and assets of $386K (revenue -2.6% year-over-year).
- 2014: Revenue of $52K, expenses of $66K, and assets of $404K (revenue +0.0% year-over-year).
- 2013: Revenue of $52K, expenses of $66K, and assets of $407K (revenue -0.6% year-over-year).
- 2012: Revenue of $52K, expenses of $58K, and assets of $429K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cedar Lake Cherrywood Inc:
Data Sources and Methodology
This transparency report for Cedar Lake Cherrywood Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.