YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE PALM BEACHES INC (EIN 590624470) - 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

1946

Legal Domicile

Principal Officer

TIMOTHY G COFFIELD

Phone

5619689622

Tax Period

2024-01-01 to 2024-12-31

YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE PALM BEACHES INC, founded in 1946, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $508K, a strong 20% operating margin.

Mission

THE YMCA OF THE PALM BEACHES, INC. IN HARMONY WITH Y-USA, IS DEDICATED TO STRENGTHENING THE COMMUNITY BY IMPROVING THE QUALITY OF LIFE THROUGH PROGRAMS AND SERVICES WHICH PROVIDE OPPORTUNITIES FOR PEOPLE TO REACH THEIR HIGHEST POTENTIAL, DEVELOP A POSITIVE ATTITUDE OF SELF AND OTHERS, APPRECIATE GOOD HEALTH & FITNESS AND ACQUIRE A CHRISTIAN BASED VALUE SYSTEM SO AS TO MAINTAIN A SPIRITUAL AWARENESS THAT MANIFESTS ITSELF IN THEIR DAILY LIVES. OUR CORE VALUES ARE THE SHARED BELIEFS & ESSENTIAL PRINCIPLES THAT GUIDE OUR BEHAVIOR, INTERACTIONS WITH EACH OTHER & DECISION MAKING THROUGH ALL OUR ACTIVITIES, EVENTS & SERVICES. WE ENCOURAGE PEOPLE TO ACCEPT & DEMONSTRATE POSITIVE VALUES & WE ARE COMMITTED TO THIS APPROACH TOWARDS STRENGTHENING OUR COMMUNITY. CARING: SHOW A SINCERE CONCERN FOR OTHERS. HONESTY: BE TRUTHFUL IN WHAT YOU SAY & IN WHAT YOU DO. RESPECT: SERVE & ACT WITH DUE REGARD FOR THE FEELINGS, RIGHTS & TRADITIONS OF OTHERS. RESPONSIBILITY: BE ACCOUNTABLE FOR YOUR PROMISES & ACTIONS.

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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 $1,758,468

Program Service Revenue $342,723

Investment Income $393,945

Other Revenue $29,680

TOTAL REVENUE $2,524,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,321,619

Fundraising Expenses $486,686

Program Expenses $1,165,590

Other Expenses $623,220

TOTAL EXPENSES $2,016,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,524,816	$4,293,158	-0.4%
Expenses	$2,016,839	$1,925,936	+0.0%
Net Income	$507,977	$2,367,222	-0.8%

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

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

$373,140

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY LEULIETTE	CHAIRMAN	10.00	Director	$0	$0	$0
RICHARD BAUMER	SECRETARY	3.00	Director	$0	$0	$0
WILLIAM BENJAMIN IV	DIRECTOR	3.00	Director	$0	$0	$0
PHIL CAMBO	DIRECTOR	1.50	Director	$0	$0	$0
JOHN CASSIDY	DIRECTOR	1.50	Director	$0	$0	$0
JOSEPH P CHASE	DIRECTOR	1.50	Director	$0	$0	$0
KATE COTNER	DIRECTOR	1.50	Director	$0	$0	$0
FREDERIC T DEHON JR	DIRECTOR	1.50	Director	$0	$0	$0
JOHN DIDONATO	DIRECTOR	1.50	Director	$0	$0	$0
ALLEN GAST	DIRECTOR	4.00	Director	$0	$0	$0
THOMAS HUNT	DIRECTOR	1.50	Director	$0	$0	$0
ROBERT KANE	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTOPHER KNAPP	DIRECTOR	3.00	Director	$0	$0	$0
COURTNEY LOVELY EVANS	DIRECTOR	1.50	Director	$0	$0	$0
SCOTT MCCRANELS	DIRECTOR	4.00	Director	$0	$0	$0
PATRICK PAINTER	DIRECTOR	1.50	Director	$0	$0	$0
JOSE SOTILLO	DIRECTOR	1.50	Director	$0	$0	$0
COLIN WALKER	DIRECTOR	1.50	Director	$0	$0	$0
TIMOTHY G COFFIELD	PRESIDENT/CEO	55.00	Officer	$199,334	$36,322	$235,656
MATTHEW KOMMA	DIRECTOR OF FINANCE	50.00	Officer	$122,372	$15,112	$137,484

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	$2,524,816	$2,016,839	$16,833,064	$507,977
2023	$4,293,158	$1,925,936	$16,282,458	$2,367,222
2022	$11,288,191	$1,600,073	$13,306,593	$9,688,118
2021	$2,414,108	$1,888,271	$4,234,528	$525,837
2020	$2,159,590	$1,871,759	$3,896,835	$287,831
2019	$2,532,851	$2,001,007	$3,416,358	$531,844
2018	$1,823,417	$1,929,759	$2,902,633	$-106,342

YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE PALM BEACHES INC