NORFOLK AREA YMCA ENDOWMENT

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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

2014

Legal Domicile

Principal Officer

BOB DUDLEY

Phone

4023719770

Tax Period

2024-01-01 to 2024-12-31

NORFOLK AREA YMCA ENDOWMENT, founded in 2014, is a small nonprofit in the Human Services sector that reported $177K in total revenue in fiscal year 2024. Revenue surged 207% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 93% operating margin.

Mission

TO BUILD LONG-RANGE FINANCIAL STABILITY WHILE INVESTING IN TOMORROW'S FUTURE, TODAY WHILE SERVING FUTURE GENERATIONS OF YOUNG PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $12,568

THE NORFOLK AREA YMCA ENDOWMENT'S PRIMARY PROGRAM IS THE NORFOLK FAMILY YMCA HERITAGE CLUB. THE HERITAGE CLUB IS A PROGRAM DEVELOPED TO BUILD LONG-RANGE FINANCIAL STABILITY FOR THE YMCA WHILE...

THE NORFOLK AREA YMCA ENDOWMENT'S PRIMARY PROGRAM IS THE NORFOLK FAMILY YMCA HERITAGE CLUB. THE HERITAGE CLUB IS A PROGRAM DEVELOPED TO BUILD LONG-RANGE FINANCIAL STABILITY FOR THE YMCA WHILE INVESTING IN TOMORROW'S FUTURE, TODAY. THE YMCA HERITAGE CLUB PROMOTES SERVING FUTURE GENERATIONS OF YOUNG PEOPLE. DONORS HELP THE YMCA REMAIN FINANCIALLY SECURE AND ALLOW THE YMCA TO CONTINUE TO OFFER NEW PROGRAMS TO MEET THE COMMUNITY NEEDS. THE HERITAGE CLUB HELPS THE YMCA MAINTAIN OVER A 100 YEAR COMMITMENT OF IMPACTING NORFOLK AND THE SURROUNDING COMMUNITIES. THE HERITAGE CLUB HELPS SUSTAIN THE FUTURE OF THE YMCA AND HELPS TO KEEP MEMBERSHIPS AFFORDABLE.

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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 $0

Program Service Revenue $0

Investment Income $176,691

Other Revenue $0

TOTAL REVENUE $176,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,568

Other Expenses $12,568

TOTAL EXPENSES $12,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,691	$57,593	+2.1%
Expenses	$12,568	$11,461	+0.1%
Net Income	$164,123	$46,132	+2.6%

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

N/A

Volunteers

N/A

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
BOB DUDLEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
JARED FALTYS	TREASURER/SE	N/A	Officer Director	$0	$0	$0
RANDY HAGEDORN	DIRECTOR	N/A	Director	$0	$0	$0
JUSTIN MOORE	DIRECTOR	N/A	Director	$0	$0	$0
RICH MOORE	DIRECTOR	N/A	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
2024	$176,691	$12,568	$2,551,049	$164,123
2023	$57,593	$11,461	$2,245,962	$46,132
2022	$97,821	$12,668	$1,876,648	$85,153
2021	$181,870	$76,358	$2,318,731	$105,512
2020	$107,359	$53,704	$2,041,223	$53,655
2019	$126,973	$14,204	$1,833,018	$112,769
2018	$695,952	$9,172	$1,515,265	$686,780