CHEROKEE CO FAMILY YMCA INC

EIN: 570557200 501(c)(3) Human Services

GAFFNEY, SC

Total Revenue
$1,161,706
Total Expenses
$1,234,000
Total Assets
$4,948,842
Net Assets
$3,815,370
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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
SC
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.

Program Service Accomplishments

Program 1
Expenses: $502,271 Revenue: $668,294

HEALTHY LIVING: THE Y IS COMMITTED TO IMPROVING AMERICA'S HEALTH AND WELL- BEING, COMMUNITY BY COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH...

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HEALTHY LIVING: THE Y IS COMMITTED TO IMPROVING AMERICA'S HEALTH AND WELL- BEING, COMMUNITY BY COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, AN AVERAGE OF 16 FAMILIES IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH CHRONIC DISEASE AND OBESITY, FAMILIES WRESTLE WITH WORK/LIFE BALANCE AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2024, WE PROVIDED 5,230 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE.

Program 2
Expenses: $522,441 Revenue: $323,727

YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE ALL KIDS HAVE GREAT POTENTIAL AND DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT...

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YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE ALL KIDS HAVE GREAT POTENTIAL AND DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENTS. OUR YMCA PROGRAMS, SUCH AS CHILD CARE, BASKETBALL LEAGUE/CAMP AND TEE-BALL, OFFER A RANGE OF EXPERIENCES THAT ENRICH SOCIAL-EMOTIONAL, COGNITIVE AND PHYSICAL GROWTH.

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

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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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Governance

Voting Members
15
Independent Members
15
Employees
96
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
5
$100,461
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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