YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTERN NORTH CAROLINA (EIN 560530013) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year

1891

Legal Domicile

Principal Officer

PAUL VEST

Phone

8282109009

Tax Period

2023-10-01 to 2024-09-30

YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTERN NORTH CAROLINA is a 501(c)(3) with EIN 560530013, based in ASHEVILLE, NC. Founded in 1891, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $29,672,777 in total revenue and $27,399,263 in total expenses, with net assets of $36,315,848.

Mission

OPERATION OF YMCA FACILITIES IN WESTERN NORTH CAROLINA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,875,573

Program Service Revenue $21,219,572

Investment Income $786,600

Other Revenue $791,032

TOTAL REVENUE $29,672,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,368,534

Fundraising Expenses $455,710

Program Expenses $22,511,646

Other Expenses $11,030,729

TOTAL EXPENSES $27,399,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,672,777	$27,738,875	+0.1%
Expenses	$27,399,263	$24,481,891	+0.1%
Net Income	$2,273,514	$3,256,984	-0.3%

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

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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

1308

Volunteers

208

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

$706,836

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN HAMRICK	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY PALAZZO	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY BIBBY	TREASURER	1.00	Officer Director	$0	$0	$0
JOE BRUMIT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
TRACY BUCHANAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG BURNETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILEE DICKERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARK DUNCAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN FIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY FOSS	FIN'L DEV CH	1.00	Director	$0	$0	$0
CHARLES FREDERICK	STRAT VISION	1.00	Director	$0	$0	$0
LARA GLASS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GOSSETT	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HATHAWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HEFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRI KING	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LIMA	EQUITY CMTE	1.00	Director	$0	$0	$0
LUCY MASSAGEE	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLINE MCLEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY MILLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN PIERCE	BOARD CHAIR	1.00	Director	$0	$0	$0
JENNIFER REED	BOARD MEMBER	1.00	Director	$0	$0	$0
JC SADLER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANTELLE SIMPSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN BRYANT	BRD MBR THRU	1.00	Director	$0	$0	$0
RICK LUTOVSKY	BRD MBR THRU	1.00	Director	$0	$0	$0
MEG RAGLAND	BRD MBR THRU	1.00	Director	$0	$0	$0
ROBBY RUSSELL	BRD MBR THRU	1.00	Director	$0	$0	$0
BRIAN WALKER	BRD MBR THRU	1.00	Director	$0	$0	$0
PAUL VEST	PRESIDENT &	40.00	Officer	$308,421	$0	$308,421
TIM BLENCO	COO	40.00	Officer	$224,499	$0	$224,499
JENNIFER MURPHY	CAO	40.00	Officer	$173,916	$0	$173,916
KEVIN L YOUNG	VP HR & TALE	40.00	Highest	$135,330	$0	$135,330
MELISSA WIEDEMAN	VP YOUTH DEV	40.00	Highest	$132,223	$0	$132,223
KRISTEN AQUINO	VP OF DEVELO	40.00	Highest	$129,502	$0	$129,502
MARYO RATCLIFFE	SVP OF MKT &	40.00	Highest	$127,744	$0	$127,744
JESSICA Z HENDRIX	VP OF OPERAT	40.00	Highest	$124,614	$0	$124,614

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	$29,672,777	$27,399,263	$52,222,864	$2,273,514
2023	$27,738,875	$24,481,891	$51,150,465	$3,256,984
2022	$23,854,712	$21,876,716	$47,896,515	$1,977,996
2021	$21,358,824	$17,886,490	$47,593,469	$3,472,334
2020	$19,940,797	$20,331,389	$45,094,102	$-390,592
2019	$25,158,549	$23,994,498	$43,296,293	$1,164,051
2018	$22,160,443	$21,052,031	$42,946,625	$1,108,412

YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTERN NORTH CAROLINA