GOLDEN CORRIDOR FAMILY YMCA

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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

1983

Legal Domicile

Principal Officer

DOUG BRITT

Phone

8478919622

Tax Period

2023-09-01 to 2024-08-31

GOLDEN CORRIDOR FAMILY YMCA, founded in 1983, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $6.5M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE GOLDEN CORRIDOR FAMILY YMCA IS COMMITTED TO DEVELOPING THE SPIRIT, MIND, AND BODY OF ALL, REGARDLESS OF FINANCIAL ABILITY, IN A POSITIVE HEALTHY, CHRISTIAN ENVIRONMENT THROUGH QUALITY LEADERSHIP, PROGRAMS, SERVICES, AND FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $2,904,407 Revenue: $3,743,078

YOUTH DEVELOPMENT - OUR YMCA IS COMMITTED TO URTURING THE POTENTIAL OF EVERY CHILD AND TEE. WE BELIEVE THAT ALL CHILDREN DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. WE HELP YOUNG PEOPLE CULTIVATE VALUES, SKILLS, AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR PROGRAMS SUCH AS CHILD CARE, YOUTH SPORTS, AND CAMP PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH.

Program 2

Expenses: $897,798 Revenue: $138,522

SOCIAL RESPONSIBILITY - OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S CRITICAL NEEDS. WE ENGAGE YMCA MEMBERS PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.

Program 3

Expenses: $802,803 Revenue: $771,692

HEALTHY LIVING - THE YMCA IS A LEADING VOICE FOR HEALTH AND WELL-BEING. WE BRING FAMILIES TOGETHER, ENCOURAGE GOOD HEALTH, AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE, AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND, AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULLFILLMENT. OUR YMCA OFFERS HEALTHY LIVING PROGRAMS THAT INCLUDE GROUP ADULT CLASSES, A WELLNESS CENTER, AND PARENT CHILD PROGRAMS.

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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 $218,701

Program Service Revenue $4,523,558

Investment Income $33,117

Other Revenue $129,734

TOTAL REVENUE $4,905,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,569,435

Fundraising Expenses $98,292

Program Expenses $4,605,008

Other Expenses $2,887,259

TOTAL EXPENSES $6,456,694

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,905,110	$7,202,190	-0.3%
Expenses	$6,456,694	$6,561,433	0.0%
Net Income	$-1,551,584	$640,757	-3.4%

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

319

Volunteers

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

$218,310

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HABEL	CHAIR	0.50	Officer Director	$0	$0	$0
DAN FINNERAN	TREASURER	0.50	Officer Director	$0	$0	$0
MICHELLE EVANS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
NANCY COLEMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
JOHN REGAN	PAST CHAIR	0.50	Director	$0	$0	$0
REBECCA DEATON	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTIN IVES	DIRECTOR	0.50	Director	$0	$0	$0
PEGGY HEINRICH	DIRECTOR	0.50	Director	$0	$0	$0
QUINN WULBECKER	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL BROTNOW	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS BRITT	CEO	40.00	Officer	$186,000	$32,310	$218,310
JOSEPH RUSSELL	COO	40.00	Highest	$115,400	$18,785	$134,185

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	$4,905,110	$6,456,694	$10,438,341	$-1,551,584
2023	$7,202,190	$6,561,433	$12,017,402	$640,757
2022	$6,355,656	$5,783,616	$11,513,093	$572,040
2021	$4,655,824	$4,870,079	$11,491,127	$-214,255
2020	$4,499,018	$5,390,901	$10,895,750	$-891,883
2019	$6,507,516	$6,661,198	$11,108,347	$-153,682
2018	$6,612,739	$6,485,925	$11,651,727	$126,814