DULUTH AREA FAMILY YMCA HERITAGE FOUNDATION

EIN: 200956455 501(c)(3) Human Services

DULUTH, MN

Total Revenue
$488,740
Total Expenses
$71,131
Total Assets
$8,731,644
Net Assets
$8,731,119
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MN
Principal Officer
SARA COLE
Phone
2187224745
Tax Period
2023-01-01 to 2023-12-31

DULUTH AREA FAMILY YMCA HERITAGE FOUNDATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $489K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $418K, a strong 85% operating margin.

Mission

THE FOUNDATION IS ORGANIZED TO HOLD FUNDS TO BENEFIT THE DULUTH AREA FAMILY YMCA, INC.

Program Service Accomplishments

Program 1
Expenses: $36,375 Revenue: $0

OPERATING SUPPORT TO THE DULUTH AREA FAMILY YMCA, STURGEON LAKE YMCA PROPERTIES, INC, AND DULUTH YMCA PROPERTY, INC.

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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 $339,814
Program Service Revenue $0
Investment Income $148,626
Other Revenue $300
TOTAL REVENUE $488,740

Expense Breakdown

Grants Paid $36,375
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,375
Other Expenses $34,756
TOTAL EXPENSES $71,131

Year-over-Year Comparison

2023 2022 Change
Revenue $488,740 $559,659 -0.1%
Expenses $71,131 $45,591 +0.6%
Net Income $417,609 $514,068 -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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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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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
11

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
$481,464
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIANA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
EDDIE CRAWFORD DIRECTOR 1.00
Director
$0 $0 $0
KRISTI STOKES DIRECTOR 1.00
Director
$0 $0 $0
GREGORY WEGLER DIRECTOR 1.00
Director
$0 $0 $0
RACHEL JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BRANDON TALBOT DIRECTOR 1.00
Director
$0 $0 $0
STEVE EWERS DIRECTOR 1.00
Director
$0 $0 $0
HANNAH STEVENS DIRECTOR 1.00
Director
$0 $0 $0
SARA COLE CEO/PRESIDENT 1.00
Officer
$0 $45,235 $277,756
AMY HAGGENMILLER CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $46,014 $203,708
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 No data No data No data No data
2023 $488,740 $71,131 $8,731,644 $417,609
2022 $559,659 $45,591 $7,787,577 $514,068
2021 $591,327 $105,829 $8,224,393 $485,498
2020 $524,607 $56,485 $7,404,720 $468,122
2019 $800,785 $108,176 $6,562,826 $692,609
2018 $490,306 $118,752 $5,780,531 $371,554
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