Regional Young Men's Christian Association of Western Connecticut Inc

EIN: 066051610 501(c)(3) Human Services

Brookfield, CT

Total Revenue
$7,189,887
Total Expenses
$7,185,716
Total Assets
$8,774,311
Net Assets
$2,885,688
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
CT
Phone
2037754444
Tax Period
2023-01-01 to 2023-12-31

Regional Young Men's Christian Association of Western Connecticut Inc, founded in 1963, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE REGIONAL YMCA OF WESTERN CONNECTICUT IS A COMMUNITY SERVICE ORGANIZATION COMMITTED TO BUILDING HEALTHY LIVES THROUGH PROGRAMS THAT STRENGTHEN THE SPIRIT, MIND, AND BODY FOR ALL. With a focus on nurturing the potential of every young person, improving our community's health and well-being, and providing opportunities to give back and support neighbors, the Y enables youth, adults, and families to be healthy, confident, connected and secure. The Y is accessible to all regardless of age, income or background. We turn no one away who cannot afford to pay; financial assistance is offered to individuals and families who cannot afford membership or program participation. With program areas ranging from swim instruction to fitness classes, summer camps to early childhood education, college prep activities and diabetes prevention programs to the engagement of children in daily fitness and nutrition lessons, the Regional YMCA touches more than 8,700 community members.

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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 $1,684,233
Program Service Revenue $5,259,560
Investment Income $202,692
Other Revenue $43,402
TOTAL REVENUE $7,189,887

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,236,271
Fundraising Expenses $105,704
Program Expenses $6,013,010
Other Expenses $2,949,445
TOTAL EXPENSES $7,185,716

Year-over-Year Comparison

2023 2022 Change
Revenue $7,189,887 $6,236,457 +0.2%
Expenses $7,185,716 $6,881,635 +0.0%
Net Income $4,171 $-645,178 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
13
Independent Members
13
Employees
400
Volunteers
416

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
$216,186
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIR/TREASURER 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 1.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A PRESIDENT/CEO 40.0
Officer
$184,065 $32,121 $216,186
N/A EXECUTIVE DIRECTOR 40.0
Highest
$112,872 $4,358 $117,230
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 $7,189,887 $7,185,716 $8,774,311 $4,171
2022 $6,236,457 $6,881,635 $8,824,851 $-645,178
2021 $6,650,239 $5,937,044 $10,095,485 $713,195
2020 $4,544,162 $5,661,666 $9,135,790 $-1,117,504
2019 $7,014,060 $7,176,933 $9,348,754 $-162,873
2018 $6,758,457 $7,206,287 $9,614,664 $-447,830
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