YOUNG MENS CHRISTIAN ASSOCIATION SO

EIN: 042103853 501(c)(3) Human Services

SOMERVILLE, MA

Total Revenue
$3,813,019
Total Expenses
$3,951,682
Total Assets
$8,895,302
Net Assets
$3,909,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1867
Legal Domicile
MA
Principal Officer
VLADIMIR BENOIT
Phone
6176255050
Tax Period
2024-01-01 to 2024-12-31

YOUNG MENS CHRISTIAN ASSOCIATION SO, founded in 1867, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE SOMERVILLE YMCA IS COMMITTED TO BUILDING A COMMUNITY WHERE ALL PEOPLE, ESPECIALLY THE YOUNG, ARE ENCOURAGED TO DEVELOP THEIR FULLEST POTENTIAL IN SPIRIT, MIND, AND BODY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $717,465
Program Service Revenue $3,122,559
Investment Income $61,979
Other Revenue $-88,984
TOTAL REVENUE $3,813,019

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,948,962
Fundraising Expenses $14,215
Program Expenses $3,203,683
Other Expenses $1,002,720
TOTAL EXPENSES $3,951,682

Year-over-Year Comparison

2024 2023 Change
Revenue $3,813,019 $4,869,128 -0.2%
Expenses $3,951,682 $3,729,087 +0.1%
Net Income $-138,663 $1,140,041 -1.1%
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
12
Independent Members
12
Employees
116
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
2
$162,058
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VLADIMIR BENOIT EXECUTIVE DI 40.00
Officer
$162,058 $0 $162,058
THOMAS BENT TRUSTEE N/A
Director
$0 $0 $0
LOUIS FERRARA TRUSTEE N/A
Director
$0 $0 $0
BRIAN HARRIS PRESIDENT N/A
Director
$0 $0 $0
THOMAS MACONE TRUSTEE N/A
Director
$0 $0 $0
SANDRA MCGOLDRICK TRESURER N/A
Director
$0 $0 $0
PEARL J MORRISON TRUSTEE N/A
Director
$0 $0 $0
WILLIAM MURPHY TRUSTEE N/A
Director
$0 $0 $0
DEBRA NOTARO VICE PRESIDE N/A
Director
$0 $0 $0
SUZANNE RINFRET TRUSTEE N/A
Director
$0 $0 $0
LOVAINCY RONELSON TRUSTEE N/A
Director
$0 $0 $0
NANCY TRANE TRUSTEE N/A
Director
$0 $0 $0
JOSUE VELNEY SECRETARY N/A
Director
$0 $0 $0
TERESA CHAMPA CONTROLLER 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
2024 $3,813,019 $3,951,682 $8,895,302 $-138,663
2024 $3,813,019 $3,951,682 $8,895,302 $-138,663
2023 $4,869,128 $3,729,087 $8,407,570 $1,140,041
2022 $3,779,108 $3,343,278 $3,039,539 $435,830
2022 $3,779,108 $3,343,278 $3,039,539 $435,830
2021 $3,347,223 $2,759,803 $2,644,221 $587,420
2020 $3,012,735 $2,406,467 $2,037,117 $606,268
2019 $2,597,400 $2,617,900 $1,337,400 $-20,500
2018 $2,587,700 $2,418,900 $1,322,700 $168,800
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