Cherry Lake Utilities Corporation
Nonprofit profile at a glance
- EIN
- 590563580
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990 2022, Form 990-EZ 2025
- Location
- Madison, FL, USA
- Phone
- 8509294620
- Rating confidence
- Limited
Reported finances
- Revenue
- $138,612
- Expenses
- $117,592
- Assets
- $264,428
- Liabilities
- $16,322
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Tim Sanders (President)
- Brian Tyler (Vice President)
People named in this filing
- Tim Sanders (President)
- Brian Tyler (Vice President)
- Joy Wells (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Supplying potable water to the Utilitys Members
What it reported doing in 2025
Provided potable water to approximately 290 memberresidences
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 15.2%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 2.25; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 18.6%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: -11.9% per year; rating input score 0; 14th percentile among comparable filings
- Revenue growth: 4.5% per year; rating input score 100; 42nd percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.