GRAND RIVER AREA FAMILY YMCA INC (EIN 431493664) - 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

1992

Legal Domicile

Principal Officer

THERESA HENDRIX

Phone

6606466677

Tax Period

2024-01-01 to 2024-12-31

GRAND RIVER AREA FAMILY YMCA INC, founded in 1992, is a community nonprofit that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 59% operating margin.

Mission

TO IMPROVE PHYSICAL, MENTAL, SOCIAL, MORAL AND EDUCATIONAL CONDITIONS.

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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 $3,599,205

Program Service Revenue $1,522,849

Investment Income $139,397

Other Revenue $146,072

TOTAL REVENUE $5,407,523

Expense Breakdown

Grants Paid $23,629

Salaries & Benefits $1,139,567

Fundraising Expenses $0

Program Expenses $1,663,830

Other Expenses $1,029,748

TOTAL EXPENSES $2,192,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,407,523	$3,076,653	+0.8%
Expenses	$2,192,944	$2,119,021	+0.0%
Net Income	$3,214,579	$957,632	+2.4%

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

140

Volunteers

459

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

$237,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA HENDRIX	CEO	40.00	Officer	$79,290	$15,085	$94,375
KATHY LOCK	EXECUTIVE DI	40.00	Officer	$57,165	$22,758	$79,923
VICKY BURNS	ASSOCIATED D	40.00	Officer	$63,310	$0	$63,310
BRADLEY BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN BROOKSHIER	PAST PRESIDE	1.00	Officer Director	$0	$0	$0
LOU COWHERD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DANNY DEWITT	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG HELMERS	SECRETARY	1.00	Officer Director	$0	$0	$0
LYNN JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
STAN KRUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
TRENT MILLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIM RITCHHART	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL SLOAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULEE THURMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL TURNER	BOARD MEMBER	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
2025	No data	No data	No data	No data
2024	$5,407,523	$2,192,944	$10,680,606	$3,214,579
2023	$3,076,653	$2,119,021	$7,448,438	$957,632
2022	$3,687,981	$2,079,508	$8,785,023	$1,608,473
2021	$2,113,848	$2,065,590	$7,213,826	$48,258
2020	$2,410,989	$2,240,203	$7,013,823	$170,786
2019	$2,026,864	$2,004,864	$6,832,505	$22,000
2018	$1,933,103	$1,799,028	$6,886,587	$134,075

GRAND RIVER AREA FAMILY YMCA INC