Young Men's Christian Association … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Phone

9736842320

Tax Period

2022-07-01 to 2023-06-30

Young Men's Christian Association of Paterson, founded in 1905, is a community nonprofit in the Human Services sector that reported $4.0M in total revenue in fiscal year 2022. Expenses of $3.9M left a modest 3% surplus.

Mission

THE YOUNG MENS CHRISTIAN ASSOCIATION OF PATERSON AKA THE Y IS AN ALLIANCE OF PEOPLE OF ALL AGES, INCOMES, RACES, RELIGIONS AND ETHNIC GROUPS DEDICATED TO BUILDING A HEALTHY BODY, HEALTHY MIND, AND HEALTHY SPIRIT USING CHRISTIAN PRINCIPLES SUCH AS LOVE, RIGHTEOUSNESS, CARING, HUMILITY, JUSTICE AND UNITY. THE Y IS A BRIDGE THAT UNITES PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $821,571 Revenue: $1,673,677

Residence Program - The YMCA offers affordable permanent housing and shelter for free or for an affordable fee to the young, elderly, poor, unemployed, homeless and retired people. The purpose is to provide a wholesome environment designed to foster good citizenship and sound character. A variety of services such as counciling, tv and reading room, use of gym and pool are available to the residents. The program benefits approximatley 203 individuals. Case Management and consultation with social workers are also provided.

Program 2

Expenses: $1,534,458 Revenue: $1,700,547

Preschool Program - The mission of the Preschool program is to provide vital educational and community programing that will enhance the mind, body and spirit of the preschoolers and their families...

Preschool Program - The mission of the Preschool program is to provide vital educational and community programing that will enhance the mind, body and spirit of the preschoolers and their families. The program is a collaboration with the Paterson Board of Education to provide free education to residents with preschool aged children residing in the city of Paterson

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,852,246

Program Service Revenue $89,635

Investment Income $16,546

Other Revenue $2,040,712

TOTAL REVENUE $3,999,139

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,649,463

Fundraising Expenses $0

Program Expenses $2,356,029

Other Expenses $1,227,844

TOTAL EXPENSES $3,877,307

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,999,139	$4,081,632	0.0%
Expenses	$3,877,307	$3,518,461	+0.1%
Net Income	$121,832	$563,171	-0.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$221,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerard Gilliam	CEO	040.00	Officer Highest	$140,000	$0	$140,000
Judy Derosena	VP Administration	040.00	Officer	$81,769	$0	$81,769
Frank Blesso	Board Member	001.00	Director	$0	$0	$0
Mary Crooms	Board Member	001.00	Director	$0	$0	$0
Patty Forren	Board Member	001.00	Director	$0	$0	$0
Irma Gorham	President	001.00	Director	$0	$0	$0
Cynthia Harris	Secretary	001.00	Director	$0	$0	$0
Silvia Kelly	Treasurer	001.00	Director	$0	$0	$0
Ken Morris	Board Member	001.00	Director	$0	$0	$0
Matthew Evans	Board Member	001.00	Director	$0	$0	$0
Assad R Akhter	Vice President	001.00	Director	$0	$0	$0
Everett B Thompson	Board Member	001.00	Director	$0	$0	$0
Randall Lassiter	Board Member	001.00	Director	$0	$0	$0

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	$3,999,139	$3,877,307	$5,938,165	$121,832
2022	$4,081,632	$3,518,461	$5,873,633	$563,171
2021	$3,368,363	$3,188,395	$5,696,818	$179,968
2020	$3,663,462	$3,423,174	$5,514,290	$240,288
2018	$3,676,410	$3,658,659	$4,685,202	$17,751

Young Men's Christian Association of Paterson