FERGUS FALLS AREA 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

1967

Principal Officer

MICHELLE ELDIEN

Phone

2187394489

Tax Period

2023-01-01 to 2023-12-31

FERGUS FALLS AREA FAMILY YMCA, founded in 1967, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL.

Program Service Accomplishments

Program 1

Expenses: $1,282,074 Revenue: $854,262

YOUTH DEVELOPMENT: PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES FOR YOUTH DEVELOPMENT. THESE ACTIVITIES INCLUDE 520 INDIVIDUALS IN SWIM LESSONS, 58 INDIVIDUALS IN AFTER SCHOOL PROGRAM, 90 INDIVIDUALS...

Program 2

Revenue: $337,461

HEALTHY LIVING: PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES FOR HEALTHY LIVING INCLUDING FITNESS, VOLLEYBALL, BASKETBALL, RACQUETBALL, PICKLEBALL, WATER FITNESS, SWIMMING, ETC. THERE WERE 120...

HEALTHY LIVING: PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES FOR HEALTHY LIVING INCLUDING FITNESS, VOLLEYBALL, BASKETBALL, RACQUETBALL, PICKLEBALL, WATER FITNESS, SWIMMING, ETC. THERE WERE 120 INDIVIDUALS IN ADULT SPORTS, 44 INDIVIDUALS IN PERSONAL TRAINING-RELATED PROGRAMS, AN AVERAGE OF 20 INDIVIDUALS PER FITNESS CLASS OF WHICH APPROXIMATELY 31 CLASSES OFFERED PER WEEK, 4 ADULTS IN SWIMMING PROGRAMS, AN AVERAGE OF 20 PARTICIPANTS PER WATER FITNESS CLASS OF WHICH APPROXIMATELY 10 CLASSES OFFERED PER WEEK, ETC.

Program 3

SOCIAL RESPONSIBILITY - OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 60 YEARS...

SOCIAL RESPONSIBILITY - OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 60 YEARS YEARS. Y PROGRAMS, SUCH AS FOREVER WELL, SENIOR EXERCISE, AND BEFORE AND AFTER SCHOOL, ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. IN 2023, WE ENGAGED 4,800 YMCA MEMBERS, PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.

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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 $170,761

Program Service Revenue $1,191,723

Investment Income $7,413

Other Revenue $49,677

TOTAL REVENUE $1,419,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $950,723

Fundraising Expenses $42,015

Program Expenses $1,282,074

Other Expenses $792,756

TOTAL EXPENSES $1,743,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,419,574	$1,428,396	0.0%
Expenses	$1,743,479	$1,589,902	+0.1%
Net Income	$-323,905	$-161,506	+1.0%

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

125

Volunteers

105

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE ELDIEN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DAVID BJORK	SECRETARY	2.00	Officer Director	$0	$0	$0
KENDRA OLSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOE BRANCA	DIRECTOR	1.00	Director	$0	$0	$0
MARY BRESSLER	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK CLARK	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN RASMUSSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE WENDLAND	DIRECTOR	1.00	Director	$0	$0	$0
JANE MCLANDRESS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MARVEL	DIRECTOR	1.00	Director	$0	$0	$0
SIRI LIVDAHL	DIRECTOR	1.00	Director	$0	$0	$0
TODD KADRY	DIRECTOR	1.00	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
2023	$1,419,574	$1,743,479	$2,312,293	$-323,905
2022	$1,428,396	$1,589,902	$2,584,339	$-161,506
2021	$1,267,108	$1,416,981	$2,844,230	$-149,873
2020	$1,394,773	$1,241,828	$2,810,837	$152,945
2018	$1,332,605	$1,395,309	$2,630,327	$-62,704