OCEAN COUNTY YMCA INC (EIN 221901046) - 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

1970

Legal Domicile

Principal Officer

GRETCHEN SURETTE

Phone

7323419622

Tax Period

2023-01-01 to 2023-12-31

OCEAN COUNTY YMCA INC, founded in 1970, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE ARE THE LEADING PROVIDER OF CHILD CARE, AQUATICS AND WELLNESS PROGRAMS TO CHILDREN, THE DISABLED, AND SENIORS; WITH AN EMPHASIS ON OUTREACH TO THE UNDERSERVED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,678,220

Program Service Revenue $3,184,924

Investment Income $29

Other Revenue $78,128

TOTAL REVENUE $4,941,301

Expense Breakdown

Grants Paid $85,088

Salaries & Benefits $3,344,974

Fundraising Expenses $0

Program Expenses $4,724,798

Other Expenses $2,075,192

TOTAL EXPENSES $5,505,254

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,941,301	$4,511,808	+0.1%
Expenses	$5,505,254	$4,604,503	+0.2%
Net Income	$-563,953	$-92,695	+5.1%

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

294

Volunteers

198

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

$123,362

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL P RITACCO CRPC	CHAIR	1.00	Officer Director	$0	$0	$0
HEATHER BARBERI	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
JARED RHINE MBA CPA	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
PETER SINGAGLIESE MBA CFP	TREASURER	1.00	Officer Director	$0	$0	$0
RUSSELL WHITMAN ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
ANN MARIE BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE A DUNN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN N ERNST	DIRECTOR	1.00	Director	$0	$0	$0
DR BRIAN KLOHN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE MANZO	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN Z PETRO ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN J TRAMONTANO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WINTRODE JR	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY YORK ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN SURETTE	CEO	40.00	Officer	$100,000	$23,362	$123,362

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	$4,941,301	$5,505,254	$3,208,650	$-563,953
2022	$4,511,808	$4,604,503	$4,387,631	$-92,695
2021	$4,461,529	$3,461,627	$3,756,100	$999,902
2020	$2,801,469	$3,534,743	$2,972,915	$-733,274
2019	$5,061,057	$4,985,173	$3,324,648	$75,884
2018	$4,759,568	$4,749,962	$3,351,983	$9,606

OCEAN COUNTY YMCA INC