CHEROKEE CO FAMILY YMCA INC (EIN 570557200) - 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

1974

Legal Domicile

Principal Officer

SUMMER PARKER

Phone

8644877556

Tax Period

2024-01-01 to 2024-12-31

CHEROKEE CO FAMILY YMCA INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Net assets of $3.8M represent 39 months of operating reserves.

Mission

THE CHEROKEE COUNTY FAMILY YMCA IS A CHARITABLE, COMMUNITY SERVICE ORGANIZATION THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. WE ARE DEDICATED TO BUILDING STRONG KIDS, STRONG FAMILIES, AND STRONG COMMUNITIES BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY LIFESTYLES, STRONG VALUES, LEADERSHIP DEVELOPMENT, AND COMMUNITY INTERACTION. ALL PEOPLE ARE WELCOME AT OUR YMCA, REGARDLESS OF THEIR ABILITY TO PAY. OUR YMCA IS FOUNDED AND LED BY VOLUNTEERS FROM OUR COMMUNITY; VOLUNTEERS ALSO SERVE AS MENTORS, COACHES, PROGRAM LEADERS, INSTRUCTORS AND MORE.

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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 $108,839

Program Service Revenue $992,021

Investment Income $42,480

Other Revenue $18,366

TOTAL REVENUE $1,161,706

Expense Breakdown

Grants Paid $3,311

Salaries & Benefits $624,473

Fundraising Expenses $10,646

Program Expenses $1,024,712

Other Expenses $606,216

TOTAL EXPENSES $1,234,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,161,706	$2,204,920	-0.5%
Expenses	$1,234,000	$1,205,504	+0.0%
Net Income	$-72,294	$999,416	-1.1%

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

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

$100,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLTON BRIDGES	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
RICHARD LAVENDER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
BETH PHILLIPS	SECRETARY	0.50	Officer Director	$0	$0	$0
GINNY WALLACE	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN COURTNEY	BOARD MEMBER	0.50	Director	$0	$0	$0
BO CAUGHMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBYN HILL	BOARD MEMBER	0.50	Director	$0	$0	$0
KAYLA OSMENT	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT GILLILAND	BOARD MEMBER	0.50	Director	$0	$0	$0
MARCIA DUNCAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ALBERT GRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
MITCHELL HUMPHRIES	BOARD MEMBER	0.50	Director	$0	$0	$0
CHARLIE STROUP	BOARD MEMBER	0.50	Director	$0	$0	$0
BEVERLY CORRY	BOARD MEMBER	0.50	Director	$0	$0	$0
TJ HANEY	BOARD MEMBER	0.50	Director	$0	$0	$0
SUMMER PARKER	CEO	40.00	Officer	$89,435	$11,026	$100,461

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	$1,161,706	$1,234,000	$4,948,842	$-72,294
2023	$2,204,920	$1,205,504	$5,174,826	$999,416
2022	$1,146,861	$1,176,217	$4,178,575	$-29,356
2021	$1,261,548	$1,158,723	$4,343,910	$102,825
2020	$1,167,557	$1,157,368	$4,369,708	$10,189
2019	$1,129,294	$1,193,206	$4,496,664	$-63,912
2018	$1,093,134	$1,130,700	$4,672,513	$-37,566

CHEROKEE CO FAMILY YMCA INC