Cherry Creek Diamond Club Inc
Cherry Creek Diamond Club Inc. shows fluctuating revenues and occasional operating deficits over the past decade.
EIN: 141985908 · Parker, CO · NTEE: N31 · Updated: 2026-03-28
Is Cherry Creek Diamond Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cherry Creek Diamond Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cherry Creek Diamond Club Inc
Cherry Creek Diamond Club Inc (EIN: 141985908) is a nonprofit organization based in Parker, CO, classified under NTEE code N31. The organization reported total revenue of $185K and total assets of $76K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherry Creek Diamond Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cherry Creek Diamond Club Inc is a small nonprofit that has been operating for 2 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $126K |
| Surplus / Deficit | $-8,030 |
| Total Assets | $96K |
| Total Liabilities | $7K |
| Net Assets | $89K |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 9.2 months |
Financial Health Grade: B
In 2023, Cherry Creek Diamond Club Inc reported a deficit of $8K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cherry Creek Diamond Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -57.5% | -57.3% | +35.7% |
| 2019 | -34.2% | -45.3% | -31.1% |
| 2018 | +4.4% | +39.1% | -51.9% |
| 2017 | +13.0% | +20.1% | +8.5% |
| 2016 | -0.1% | +36.6% | +21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2024 |
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 Cherry Creek Diamond Club 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, Cherry Creek Diamond Club 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 deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for a nonprofit of this size.
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 Cherry Creek Diamond Club Inc's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 202312, 201912, 201812), indicating potential operational deficits.
- Significant decline in revenue from a peak of $420,982 in 2018 to $117,543 in 2023, suggesting challenges in fundraising or program demand.
- Assets have decreased from a high of $213,886 in 2017 to $96,177 in 2023, reducing the organization's financial cushion.
Strengths
The following positive indicators were identified for Cherry Creek Diamond Club Inc:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds for non-executive purposes.
- Long history of IRS 990 filings (10 years), demonstrating good transparency and compliance.
- NTEE code N31 suggests a direct focus on amateur sports, aligning with a program-centric mission.
Frequently Asked Questions about Cherry Creek Diamond Club Inc
Is Cherry Creek Diamond Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cherry Creek Diamond Club Inc (EIN: 141985908) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Cherry Creek Diamond Club Inc spend its money?
Cherry Creek Diamond Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cherry Creek Diamond Club Inc tax-deductible?
Cherry Creek Diamond Club Inc is registered as a tax-exempt nonprofit (EIN: 141985908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cherry Creek Diamond Club Inc. financially stable?
The organization's financial stability appears to fluctuate. While it has had periods of strong revenue and asset growth, recent filings (e.g., 202312 with expenses exceeding revenue by $8,030) show periods of operating deficits, suggesting inconsistent financial stability.
How does Cherry Creek Diamond Club Inc. manage its expenses?
Expenses have frequently been high relative to revenue, leading to deficits in several years (e.g., 2023, 2019, 2018). However, the consistent 0% officer compensation indicates good control over executive costs.
What is the trend in the organization's assets?
Assets have shown significant fluctuation, peaking at $213,886 in 2017 and declining to $96,177 in 2023. This indicates a decrease in financial reserves over recent years.
Filing History
IRS 990 filing history for Cherry Creek Diamond Club Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cherry Creek Diamond Club Inc's revenue has declined by 53.4%, moving from $252K to $118K. Total assets increased by 109.7% over the same period, from $46K to $96K. Total functional expenses fell by 47.5%, from $239K to $126K. In its most recent filing year (2023), Cherry Creek Diamond Club Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $7K in liabilities against $96K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $126K | $96K | $7K | — | — |
| 2019 | $277K | $294K | $71K | $3K | — | — |
| 2018 | $421K | $538K | $103K | $6K | — | View 990 |
| 2017 | $403K | $387K | $214K | $0 | — | View 990 |
| 2016 | $357K | $322K | $197K | $0 | — | View 990 |
| 2015 | $358K | $236K | $162K | $0 | — | View 990 |
| 2014 | $397K | $272K | $179K | $0 | — | View 990 |
| 2013 | $246K | $226K | $55K | $0 | — | View 990 |
| 2012 | $244K | $255K | $35K | $0 | — | View 990 |
| 2011 | $252K | $239K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $126K, and assets of $96K (revenue -57.5% year-over-year).
- 2019: Revenue of $277K, expenses of $294K, and assets of $71K (revenue -34.2% year-over-year).
- 2018: Revenue of $421K, expenses of $538K, and assets of $103K (revenue +4.4% year-over-year).
- 2017: Revenue of $403K, expenses of $387K, and assets of $214K (revenue +13.0% year-over-year).
- 2016: Revenue of $357K, expenses of $322K, and assets of $197K (revenue -0.1% year-over-year).
- 2015: Revenue of $358K, expenses of $236K, and assets of $162K (revenue -9.8% year-over-year).
- 2014: Revenue of $397K, expenses of $272K, and assets of $179K (revenue +61.4% year-over-year).
- 2013: Revenue of $246K, expenses of $226K, and assets of $55K (revenue +0.9% year-over-year).
- 2012: Revenue of $244K, expenses of $255K, and assets of $35K (revenue -3.5% year-over-year).
- 2011: Revenue of $252K, expenses of $239K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cherry Creek Diamond Club Inc:
Data Sources and Methodology
This transparency report for Cherry Creek Diamond Club 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.