Aberdeen Family Y Foundation Inc

EIN: 460419782 501(c)(3) Recreation & Sports

Aberdeen, SD

Total Revenue
$69,688
Total Expenses
$12,888
Total Assets
$1,973,276
Net Assets
$1,973,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
SD
Principal Officer
Michael Quast
Phone
6052254910
Tax Period
2024-09-01 to 2025-08-31

Aberdeen Family Y Foundation Inc, founded in 1991, is a micro nonprofit in the Recreation & Sports sector that reported $70K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $57K, a strong 82% operating margin.

Mission

None

Program Service Accomplishments

Program 1

Donations are invested for the purpose of distributing earnings to the Aberdeen Family YMCA for promotion, enhancement, and development of services to youth.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $69,688
Other Revenue $0
TOTAL REVENUE $69,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,888
TOTAL EXPENSES $12,888

Year-over-Year Comparison

2024 2023 Change
Revenue $69,688 $135,191 -0.5%
Expenses $12,888 $11,050 +0.2%
Net Income $56,800 $124,141 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
18

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
6
$222,910
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eric Larson President 1.00
Officer Director
$0 $0 $0
Hannah Walters Vice President 1.00
Officer Director
$0 $0 $0
Nicole Schutter Secretary 1.00
Officer Director
$0 $0 $0
Nathan Golz Treasurer 1.00
Officer Director
$0 $0 $0
Jeff Senst Director 1.00
Director
$0 $0 $0
Dr James Johnston Director 1.00
Director
$0 $0 $0
Carmen Meyer Director 1.00
Director
$0 $0 $0
Kim Dorsett Director 1.00
Director
$0 $0 $0
Lisa Dewar Director 1.00
Director
$0 $0 $0
Jonathan Goff Director 1.00
Director
$0 $0 $0
Amber Schwab Director 1.00
Director
$0 $0 $0
Gina Karst Director 1.00
Director
$0 $0 $0
Dr Rosalie Ball Director 1.00
Director
$0 $0 $0
Dan Bjerknes Director 1.00
Director
$0 $0 $0
Brian Vander Weyst Director 1.00
Director
$0 $0 $0
Andy Rehder Director 1.00
Director
$0 $0 $0
Tom Cogley Director 1.00
Director
$0 $0 $0
Lee Kessler Director 1.00
Director
$0 $0 $0
Shane Frank Director (Through 4/2025) 1.00
Director
$0 $0 $0
Michael Quast CEO 1.00
Officer
$0 $8,849 $144,444
Rebecca Kappenman CFO 1.00
Officer
$0 $8,849 $78,466
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 $69,688 $12,888 $1,973,276 $56,800
2024 $135,191 $11,050 $1,820,321 $124,141
2023 $81,524 $13,293 $1,566,070 $68,231
2022 $275,360 $12,133 $1,452,515 $263,227
2021 $94,992 $11,494 $1,454,360 $83,498
2020 $59,735 $10,634 $1,247,223 $49,101
2019 $57,149 $10,330 $1,120,864 $46,819
2018 $101,846 $10,106 $1,097,873 $91,740
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