NEWPORT COUNTY REGIONAL YMCA

EIN: 050258916 501(c)(3) Human Services

MIDDLETOWN, RI

Total Revenue
$8,277,426
Total Expenses
$5,937,711
Total Assets
$23,137,519
Net Assets
$14,744,413
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Financial Trends

Organization Details

Formation Year
1878
Legal Domicile
RI
Phone
4018479200
Tax Period
2023-01-01 to 2023-12-31

NEWPORT COUNTY REGIONAL YMCA, founded in 1878, is a community nonprofit in the Human Services sector that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 28% operating margin.

Mission

The Newport County YMCA is an association of people of all ages, ethnic origins, religious affiliations and socioeconomic levels. The basis of the association is founded in Judeo-Christian values and its purpose is to significantly improve and positively influence the quality of life and social well-being for our members, our families, and our community, emphasis is placed on the whole person through programs and activities that help develop spiritual, mental, and physical well-being.

Program Service Accomplishments

Program 1
Expenses: $3,251,882 Revenue: $2,807,380

Youth Development: We impact over 1600 youth in our programs each week in the areas of gymnastics, youth sports, leadership programs, afterschool, aquatics, Rhody Squash, and our preschool programs...

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Youth Development: We impact over 1600 youth in our programs each week in the areas of gymnastics, youth sports, leadership programs, afterschool, aquatics, Rhody Squash, and our preschool programs. These programs are not only designed to teach and educate participants on the tasks at hand, but they also teach life skills that will help these children in the future. Our youth programs provide strong role models and a safe environment to help them grow and thrive. The Newport County YMCA also has a strong program area to help families come together. These programs help families contact one other and spend much needed quality time together. Families each year enjoy our movie nights, family camp outs and many other events that happen each month.

Program 2
Expenses: $1,481,276 Revenue: $2,413,774

Healthy Living: The Newport County YMCA is focused on our community to make it happier and healthier. Through programs such as personal training, boot camps and weight lose challenges we engage our...

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Healthy Living: The Newport County YMCA is focused on our community to make it happier and healthier. Through programs such as personal training, boot camps and weight lose challenges we engage our members to help them become more self-confident in their lives. We also impact our community by offering many programs to fight youth obesity in our country. By partnering with many other local agencies, we can improve our community's health. With our Prescribe the Y program we work with local doctors to identify children who are at risk and enroll them into a free 12-week session to educate them and their family about healthy habits. By working together, we can do great things for all.

Program 3
Expenses: $312,476 Revenue: $75,773

Social Responsibility: The Newport County YMCA impacts the community by offering our extensive adaptive programs. Each week we have over 250 participants come to the Y with special needs to partake...

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Social Responsibility: The Newport County YMCA impacts the community by offering our extensive adaptive programs. Each week we have over 250 participants come to the Y with special needs to partake in a number of programs including life skills. Our special Olympics team has over 100 players that participate in sports year-round along with many social activities. We change our community by being involved in many service projects outside the Y walls.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,951,281
Program Service Revenue $5,296,927
Investment Income $14,818
Other Revenue $14,400
TOTAL REVENUE $8,277,426

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,037,959
Fundraising Expenses $275,443
Program Expenses $5,045,634
Other Expenses $2,899,752
TOTAL EXPENSES $5,937,711

Year-over-Year Comparison

2023 2022 Change
Revenue $8,277,426 $5,355,519 +0.5%
Expenses $5,937,711 $4,222,188 +0.4%
Net Income $2,339,715 $1,133,331 +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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Governance

Voting Members
N/A
Independent Members
N/A
Employees
333
Volunteers
300

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
5
$0
Total Directors
19
$0
Key Employees
2
$304,579
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A President 1.0
Officer Director
$0 $0 $0
N/A Vice President 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A N/A 1.0
Officer Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A N/A 1.0
Director
$0 $0 $0
N/A CEO 40.0
Key Emp Highest
$176,517 $0 $176,517
N/A Department Director N/A
Key Emp
$128,062 $0 $128,062
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 No data No data No data No data
2023 $8,277,426 $5,937,711 $23,137,519 $2,339,715
2022 $5,355,519 $4,222,188 $19,984,327 $1,133,331
2021 $6,046,936 $3,266,999 $13,860,660 $2,779,937
2020 $3,045,577 $3,256,619 $10,907,002 $-211,042
2019 $8,464,603 $4,089,925 $10,732,704 $4,374,678
2018 $4,310,952 $3,828,315 $6,281,184 $482,637
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