Somerset County Young Mens Christian Association Inc (EIN 221559439) - Form 990 Financial Analysis & Trantor Score

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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

1951

Legal Domicile

Phone

9086303535

Tax Period

2024-01-01 to 2024-12-31

Somerset County Young Mens Christian Association Inc, founded in 1951, is a mid-sized nonprofit in the Human Services sector that reported $25.0M in total revenue in fiscal year 2024.

Mission

To cultivate an inclusive and dynamic community through programs that promote social connections and inspire individuals to realize their unique potential.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,099,180

Program Service Revenue $22,330,187

Investment Income $622,076

Other Revenue $-1,605

TOTAL REVENUE $25,049,838

Expense Breakdown

Grants Paid $1,648,682

Salaries & Benefits $14,099,457

Fundraising Expenses $322,847

Program Expenses $22,256,609

Other Expenses $8,565,040

TOTAL EXPENSES $24,313,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,049,838	$23,195,176	+0.1%
Expenses	$24,313,179	$22,074,956	+0.1%
Net Income	$736,659	$1,120,220	-0.3%

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

1377

Volunteers

1580

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

$1,462,009

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG GRIERSON	TREASURER	2.0	Officer Director	$0	$0	$0
GREGORY ROMANO	BOARD CHAIR	4.0	Officer Director	$0	$0	$0
LISA LAVECCHIA	VICE CHAIR	2.0	Officer Director	$0	$0	$0
SUSAN LATTMANN	SECRETARY	2.0	Officer Director	$0	$0	$0
ALEXANDRA REBAY	DIRECTOR	2.0	Director	$0	$0	$0
BILL MOWEN	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES CRAIG	DIRECTOR	1.0	Director	$0	$0	$0
CRISTINA FINEZA	DIRECTOR	1.0	Director	$0	$0	$0
DAN MCCAULEY	DIRECTOR	1.0	Director	$0	$0	$0
DEBBIE NUNGESTER	DIRECTOR	1.0	Director	$0	$0	$0
JEFF STEINHORN	DIRECTOR	1.0	Director	$0	$0	$0
JESENIA BROWN	DIRECTOR	1.0	Director	$0	$0	$0
JOHN CASSIMATIS	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH LEE	DIRECTOR	1.0	Director	$0	$0	$0
KATHY TIMKO	DIRECTOR	1.0	Director	$0	$0	$0
KIERAN N ANDERSON	DIRECTOR	1.0	Director	$0	$0	$0
MICHAEL J GRIPPO	DIRECTOR	1.0	Director	$0	$0	$0
MIKE GSELL	DIRECTOR	1.0	Director	$0	$0	$0
MIKE MORANO	DIRECTOR	1.0	Director	$0	$0	$0
NEERAJ CHANDER	DIRECTOR	1.0	Director	$0	$0	$0
PAUL BIONDI	DIRECTOR	1.0	Director	$0	$0	$0
RANDY EVLETH	DIRECTOR	1.0	Director	$0	$0	$0
STEPHEN OLIVER	DIRECTOR	1.0	Director	$0	$0	$0
WILLIAM RUE	DIRECTOR	1.0	Director	$0	$0	$0
ARDAMAN SINGH	Sr. Vice President, CHIEF HUMAN RESOURCES OFFICER	50.0	Officer	$140,063	$17,932	$157,995
DARNELL HAYES	Sr. Vice President, Chief Operating Officer	50.0	Officer	$207,942	$38,881	$246,823
David M Carcieri	President, CEO	50.0	Officer	$478,291	$64,133	$542,424
Karyn B Lightcap	Executive Vice President, CFO	50.0	Officer	$265,055	$46,663	$311,718
Kelly K Castro	Sr. Vice President, Chief Philanthropy Officer	50.0	Officer	$168,765	$34,284	$203,049
John Gorman	Vice President Property Development	50.0	Highest	$144,633	$31,353	$175,986

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	$25,049,838	$24,313,179	$50,778,415	$736,659
2023	$23,195,176	$22,074,956	$49,790,303	$1,120,220
2022	$21,233,112	$18,712,518	$49,427,206	$2,520,594
2021	$14,796,096	$13,144,610	$38,515,161	$1,651,486
2020	$13,593,416	$14,187,576	$37,562,067	$-594,160
2019	$21,326,055	$19,859,296	$37,960,058	$1,466,759
2018	$22,002,774	$19,126,063	$36,767,284	$2,876,711

Somerset County Young Mens Christian Association Inc