YMCA OF THE NORTH SHORE INC

EIN: 042104913 501(c)(3) Human Services

Beverly, MA

Total Revenue
$74,412,182
Total Expenses
$70,090,257
Total Assets
$146,016,716
Net Assets
$104,601,698
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Financial Trends

Organization Details

Formation Year
1858
Legal Domicile
MA
Phone
9789220990
Tax Period
2024-01-01 to 2024-12-31

YMCA OF THE NORTH SHORE INC, founded in 1858, is a mid-sized nonprofit in the Human Services sector that reported $74.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $70.1M left a modest 6% surplus.

Mission

Our YMCA welcomes all. We strengthen communities, educate and nurture children, and promote healthy living in spirit, mind and body. Our strategic goals include providing youth and teen skill development, reversing the obesity epidemic, improving health outcomes for all community members, decreasing social isolation, and supporting basic needs for those with financial difficulties. Our team of over 2,400 employees and 400 volunteers are committed to serving all in our communities. This commitment can be seen in the high quality of service we provide and our strong financial assistance program, through which over $4,200,000 was distributed to over 6,000 children, adults and families who were unable to pay for Y membership and programs.

Program Service Accomplishments

Program 1
Expenses: $33,920,936 Revenue: $21,711,132

Youth Development - At the Y, we believe that all kids have amazing potential. Values and skills learned early are vital building blocks for life. Young people deserve an opportunity to discover who...

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Youth Development - At the Y, we believe that all kids have amazing potential. Values and skills learned early are vital building blocks for life. Young people deserve an opportunity to discover who they are and what they can achieve. From the youngest in our child care programs to the teens in our leadership development initiatives, the Y gives kids and teens a safe place to belong, building confidence and learning positive behaviors grounded in our core values of caring, honesty, respect, and responsibility. Childcare - As the region's largest provider of high-quality affordable childcare, we support the healthy development of approximately 3,150 children each day. At our 40+ childcare centers, we focus on nurturing children by providing a safe and healthy place to learn foundational skills; develop healthy, trusting relationships; and build self-reliance through the Y values of caring, honesty, respect and responsibility. Our full-day and partial-day childcare programs for infants through middle school children enable parents and guardians to go to work knowing their children are in a safe, learning environment. The YMCA provided more than $1,000,000 in financial assistance and more than one in three children received subsidized childcare. Camp - Our Y provides day camp experiences that fill each summer day with friendships and memories that last a lifetime. Approximately 5,000 children enjoyed camp adventures, and the YMCA provided approximately $515,000 in financial assistance to one in seven children attending camp. Approximately $780,000 of camp was provided at no cost to the more than 465 children that participated in our summer learning loss prevention program. Youth Services - Our Y program including our teen centers, youth sports, competitive swimming and gymnastics, adventure, and theater programming offer a range of experiences that enrich cognitive, social, physical and emotional growth. The Y served more than 8,300 children in our youth programs. Approximately $370,000 of financial assistance provided made participation possible for more than one in four of the young people we engage.

Program 2
Expenses: $26,398,094 Revenue: $21,190,127

Healthy Living - At the Y, we believe that being healthy means more than simply being physically active. It is about maintaining a balanced spirit, mind and body. The Y is a leading voice on health...

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Healthy Living - At the Y, we believe that being healthy means more than simply being physically active. It is about maintaining a balanced spirit, mind and body. The Y is a leading voice on health and well-being issues, a leader in fighting chronic disease, and committed to empowering people to lead fuller lives. We bring families closer together, promote healthy living, and foster connections through fitness, sports, fun and shared interests. As a result, millions of youth, adults and families receive the support, guidance and resources they need to become and stay healthy. Membership and Fitness - The YMCA served over 58,000 members from in and around the North Shore region of Massachusetts. The organization's full-service facility in Plaistow, New Hampshire served more than 2,000 members. The YMCA provided more than $2,200,000 in financial assistance to those children, adults and families who were unable to pay for membership. More than $400,000 of memberships were provided at no cost to the approximately 870 individuals that participated in our Corner Stone program supporting cancer survivors and their families. Aquatics - Our Y is a leading voice in community water safety. We teach young children to swim, certify lifeguards to protect our region's beaches, and provide health and wellness programs to ensure adult well-being. Approximately 5,250 children participated in our swim lessons.

Program 3
Expenses: $2,033,937 Revenue: $2,162,988

Social Responsibility - At the Y, we believe that when we work together, we move individuals, families and communities forward. Since 1858, our Y has responded to society's most pressing needs by...

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Social Responsibility - At the Y, we believe that when we work together, we move individuals, families and communities forward. Since 1858, our Y has responded to society's most pressing needs by developing innovative, community-based solutions and uniting people from all walks of life to participate in and work for positive social change. Whether advocating for healthy food options for underserved communities, or giving people an affordable place to live, the Y is committed to empowering people with the resources and support needed to live healthy, connected and secure lives. Residence - Our Y provides affordable housing facilities in Beverly, Ipswich, Cape Ann, and Haverhill. Approximately 600 children and adults are provided a safe, affordable and clean space to call home.

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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 $21,561,354
Program Service Revenue $47,168,060
Investment Income $537,763
Other Revenue $5,145,005
TOTAL REVENUE $74,412,182

Expense Breakdown

Grants Paid $4,266,802
Salaries & Benefits $46,260,095
Fundraising Expenses $1,146,044
Program Expenses $62,352,967
Other Expenses $19,563,360
TOTAL EXPENSES $70,090,257

Year-over-Year Comparison

2024 2023 Change
Revenue $74,412,182 $68,012,296 +0.1%
Expenses $70,090,257 $62,630,578 +0.1%
Net Income $4,321,925 $5,381,718 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
31
Independent Members
31
Employees
2422
Volunteers
415

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
6
$857,091
Total Directors
39
$0
Key Employees
4
$854,797
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brandon Ruggieri Chair 2.0
Officer Director
$0 $0 $0
Jennifer Buras Past Chair 2.0
Officer Director
$0 $0 $0
Mike Wheeler Treasurer 2.0
Officer Director
$0 $0 $0
Robert Eastman Secretary / Clerk 2.0
Officer Director
$0 $0 $0
Betsy Shields Board Member 2.0
Director
$0 $0 $0
Bill Gause Board Member 2.0
Director
$0 $0 $0
Bob Scott Trustee Member 2.0
Director
$0 $0 $0
Brad Paul Board Member 2.0
Director
$0 $0 $0
Braden Monaco Board Member 2.0
Director
$0 $0 $0
Brian Hines Board Member 2.0
Director
$0 $0 $0
Caleb Loring III Trustee Member 2.0
Director
$0 $0 $0
Chip McConnell Trustee Member 2.0
Director
$0 $0 $0
Christopher Hemsey Board Member 2.0
Director
$0 $0 $0
George Moriarty Board Member 2.0
Director
$0 $0 $0
Glen Macleod Trustee Member 2.0
Director
$0 $0 $0
Greg Chin Board Member 2.0
Director
$0 $0 $0
Heaton Robertson Trustee Member 2.0
Director
$0 $0 $0
Jeanne Lambkin Board Member 2.0
Director
$0 $0 $0
Jeff Loeb Board Member 2.0
Director
$0 $0 $0
Jenn Mayo Trustee Member 2.0
Director
$0 $0 $0
Jenna Buonfiglio Board Member 2.0
Director
$0 $0 $0
Jennifer Norton Board Member 2.0
Director
$0 $0 $0
Josh Cahill Trustee Member 2.0
Director
$0 $0 $0
Judy Gimik Board Member 2.0
Director
$0 $0 $0
Karen Abbott Board Member 2.0
Director
$0 $0 $0
Karen Lucas Board Member 2.0
Director
$0 $0 $0
Kate Walters Board Member 2.0
Director
$0 $0 $0
Katrina Sanders Board Member 2.0
Director
$0 $0 $0
Kevin Roy Board Member 2.0
Director
$0 $0 $0
Kimberly Martin-Epstein Board Member 2.0
Director
$0 $0 $0
Martha Sumner Board Member 2.0
Director
$0 $0 $0
Mary Higgins Board Member 2.0
Director
$0 $0 $0
Pat Milner Board Member 2.0
Director
$0 $0 $0
Richard Carlson Trustee Member 2.0
Director
$0 $0 $0
Robin Brown Board Member 2.0
Director
$0 $0 $0
Sheri Russell Board Member 2.0
Director
$0 $0 $0
Stephen Barrand Board Member 2.0
Director
$0 $0 $0
Terry Beaton Board Member 2.0
Director
$0 $0 $0
Tracy Lloyd Board Member 2.0
Director
$0 $0 $0
Christopher Lovasco President & Chief Executive Officer 40.0
Officer
$460,166 $52,861 $513,027
Kevin McCarthy Chief Financial Officer / Executive Vice President 40.0
Officer
$293,295 $50,769 $344,064
Alysha Monfette Chief Marketing Officer 40.0
Key Emp
$175,784 $29,520 $205,304
Gerald MacKillop Chief Operations Officer 40.0
Key Emp
$240,636 $23,785 $264,421
Mari Matt Chief Human Resource Officer 40.0
Key Emp
$154,094 $15,331 $169,425
Marjorie Cregg Chief Advancement Officer 40.0
Key Emp
$196,129 $19,518 $215,647
Brian Flynn Executive Director 40.0
Highest
$157,802 $22,339 $180,141
Cynthia Marchand Executive Director of Education 40.0
Highest
$158,265 $22,618 $180,883
Rebecca Imperiali VP of Charitable Giving 40.0
Highest
$158,353 $4,599 $162,952
Timothy Flaherty Executive Director 40.0
Highest
$161,403 $15,987 $177,390
Tracy Fuller-Soucy Executive Director 40.0
Highest
$165,079 $16,413 $181,492
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 $74,412,182 $70,090,257 $146,016,716 $4,321,925
2023 $68,012,296 $62,630,578 $137,749,618 $5,381,718
2022 $63,528,658 $54,941,787 $129,611,197 $8,586,871
2021 $52,904,408 $46,680,538 $119,924,593 $6,223,870
2020 $37,912,591 $36,257,896 $106,968,222 $1,654,695
2019 $48,825,683 $44,114,068 $104,009,682 $4,711,615
2018 $47,799,344 $44,655,213 $99,284,639 $3,144,131
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