YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC

EIN: 050594761 501(c)(3) Recreation & Sports

BOCA RATON, FL

Total Revenue
$3,415,950
Total Expenses
$55,290
Total Assets
$8,602,884
Net Assets
$8,567,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
FL
Phone
5613959622
Tax Period
2024-01-01 to 2024-12-31

YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 951% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 98% operating margin.

Mission

THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE. THE FUNDING BENEFITS THE YMCA OF SOUTH PALM BEACH COUNTY AND HELPS FURTHER THE MISSION. THE MISSION OF THE Y IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. THE Y'S BRAND PROMISE IS STRENGTHENING THE FOUNDATIONS OF COMMUNITIES. WITH A COMMITMENT TO NURTURING THE POTENTIAL OF KIDS, PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY, THE Y ENSURES THAT EVERY INDIVIDUAL HAS ACCESS TO THE ESSENTIAL ASSETS NEEDED TO LEARN, GROW AND THRIVE.

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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 $3,121,219
Program Service Revenue $0
Investment Income $294,731
Other Revenue $0
TOTAL REVENUE $3,415,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $55,290
TOTAL EXPENSES $55,290

Year-over-Year Comparison

2024 2023 Change
Revenue $3,415,950 $325,108 +9.5%
Expenses $55,290 $99,906 -0.4%
Net Income $3,360,660 $225,202 +13.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
8
$765,171
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER B WARREN TREASURER 1.0
Officer Director
$0 $0 $0
JACKIE REEVES CHAIR 1.0
Officer Director
$0 $0 $0
ROBERT ROBES PAST CHAIR 1.0
Officer Director
$0 $0 $0
SUSAN HARRIS SECRETARY 1.0
Officer Director
$0 $0 $0
TIMOTHY DEVLIN VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
JACK WARNER BOARD MEMBER 1.0
Director
$0 $0 $0
KENNETH KALEEL BOARD MEMBER 1.0
Director
$0 $0 $0
RANDY NOBLES BOARD MEMBER 1.0
Director
$0 $0 $0
BONNIE J SNOW CFO (AS OF 02/2024) 1.0
Officer
$0 $5,463 $122,909
GARY FLAKS VICE PRESIDENT 1.0
Officer
$0 $46,031 $307,738
JASON HAGENSICK PRESIDENT/CEO 1.0
Officer
$0 $35,842 $334,524
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 $3,415,950 $55,290 $8,602,884 $3,360,660
2023 $325,108 $99,906 $5,024,960 $225,202
2022 $126,881 $25,982 $4,437,083 $100,899
2021 $38,686 $13,953 $4,543,710 $24,733
2020 $19,538 $13,529 $1,077,025 $6,009
2019 $21,492 $10,999 $948,325 $10,493
2018 $36,583 $9,782 $795,230 $26,801
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