Cannon Street YMCA (6094)

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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

Legal Domicile

Phone

8437199622

Tax Period

2023-07-01 to 2024-06-30

Cannon Street YMCA (6094) is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Expenses of $3.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE PURPOSE OF THE YMCA OF GREATER CHARLESTON IS TO IMPROVE THE LIVES OF ALL IN THE GREATER CHARLESTON AREA BY CONNECTING INDIVIDUALS, FAMILIES, AND COMMUNITIES WITH OPPORTUNITIES BASED ON CHRISTIAN VALUES THAT STRENGTHEN SPIRIT, MIND AND BODY.

Program Service Accomplishments

Program 1

Expenses: $2,181,205 Revenue: $261,371

Sports - Both youth and adult sports offered at the YMCA of Greater Charleston provide a place for the community to connect and create opportunities for the lives of all participants to be impacted physically and socially. Bonds are created with other families and participants in the community forming meaningful relationships. Positive examples are modeled and connections from newly developed networks strengthen the ties in the community.

Program 2

Expenses: $515,007 Revenue: $146,855

Day Camp -Day Camps are exciting environments for children to meet new friends and participate in a variety of fun-filled activities. They offer children a variety of age-appropriate experiences to play and learn together. The camps include activities like swimming, arts and crafts, sports, and games. The YMCA of Greater Charleston offers themed camps like sports, aquatics, arts, leadership, science, and more to nurture your child's interests or help them discover new ones.

Program 3

Expenses: $333,239 Revenue: $101,992

Aquatics - Learning to swim in an important life skill, no matter the age. The YMCA of Greater Charleston offers a number of different programs to reach the wide range of potential swimmers. Group...

Aquatics - Learning to swim in an important life skill, no matter the age. The YMCA of Greater Charleston offers a number of different programs to reach the wide range of potential swimmers. Group and private lessons are offered to ages 3 to 17. Lessons match swimmers by their age, ability and comfort level in the water. Adult lessons are offered with a range from just getting comfortable in the water, swimming for fun, safety or swimming for competitive events.

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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 (2023)

Revenue Breakdown

Contributions & Grants $243,779

Program Service Revenue $2,398,049

Investment Income $147

Other Revenue $55,312

TOTAL REVENUE $2,697,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,126,522

Fundraising Expenses $67,418

Program Expenses $3,029,451

Other Expenses $2,249,741

TOTAL EXPENSES $3,376,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,697,287	$2,704,071	0.0%
Expenses	$3,376,263	$3,514,634	0.0%
Net Income	$-678,976	$-810,563	-0.2%

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

159

Volunteers

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

$141,498

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alvin Williams	Board Member	1.0	Director	$0	$0	$0
Hilary Blevins	Board Treasurer	1.0	Director	$0	$0	$0
Jeff Fleming	Board Member	1.0	Director	$0	$0	$0
Julius Feilding	Board Member	1.0	Director	$0	$0	$0
Karriema Calhoun	Board Member	1.0	Director	$0	$0	$0
Keva Jett	Board Member	1.0	Director	$0	$0	$0
Lenny Reeder	Board Member	1.0	Director	$0	$0	$0
Marjorie Hanger	Board Member	1.0	Director	$0	$0	$0
Nancy Bergin	Board Member	1.0	Director	$0	$0	$0
Ned Washington	Board Member	1.0	Director	$0	$0	$0
Portia Sisk	Board Chair	1.0	Director	$0	$0	$0
Sara Beem	Board Member	1.0	Director	$0	$0	$0
Steve Matthews	Board Vice Chair	1.0	Director	$0	$0	$0
Paul L Stoney	Cheif Executive Officer	40.0	Key Emp Highest	$141,498	$0	$141,498

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	$1,389,787	$1,700,779	$23,959,320	$-310,992
2024	$2,697,287	$3,376,263	$24,146,748	$-678,976
2023	$2,704,071	$3,514,634	$25,242,356	$-810,563
2022	$2,490,589	$2,750,302	$26,290,975	$-259,713
2021	$2,244,424	$3,335,640	$26,245,218	$-1,091,216
2020	$2,269,472	$3,592,358	$26,350,428	$-1,322,886
2019	$3,915,612	$1,655,749	$27,044,977	$2,259,863
2018	$676,125	$910,328	$22,276,567	$-234,203
2017	$929,652	$969,376	$9,042,069	$-39,724