GOLDEN CORRIDOR FAMILY YMCA

EIN: 363234727 501(c)(3) Human Services

SCHAUMBURG, IL

Total Revenue
$4,905,110
Total Expenses
$6,456,694
Total Assets
$10,438,341
Net Assets
$7,051,051
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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
IL
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

PROVIDING CHRISTIAN BASED PROGRAMS TO BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL.

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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 $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

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Governance

Voting Members
10
Independent Members
10
Employees
319
Volunteers
29

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
5
$218,310
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
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
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
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