YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH PALM BEACH COUNTY INC

EIN: 591416281 501(c)(3) Human Services

BOCA RATON, FL

Total Revenue
$16,102,997
Total Expenses
$18,467,007
Total Assets
$18,509,263
Net Assets
$13,786,472
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
FL
Phone
5613959622
Tax Period
2024-01-01 to 2024-12-31

YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH PALM BEACH COUNTY INC, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $16.1M in total revenue in fiscal year 2024. Expenses of $18.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MISSION OF THE Y IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. OUR YMCA SERVES AS A COMMUNITY ANCHOR IN PALM BEACH COUNTY BY ENRICHING LIVES AND STRENGTHENING COMMUNITY THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. WITH A COMMITMENT TO NURTURING THE POTENTIAL OF KIDS, PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY, THE Y ENSURES THAT EVERY INDIVIDUAL HAS ACCESS TO THE ESSENTIAL ASSETS NEEDED TO LEARN, GROW AND THRIVE. OUR MISSION AND PROMISE IS PRACTICED EVERY DAY THROUGH A WIDE VARIETY OF PROGRAMS THAT SERVE CHILDREN, FAMILIES, ADULTS AND SENIORS OF ALL AGES, RACES, INCOME LEVELS AND CULTURAL BACKGROUNDS. IN 2024, WE PROVIDED OVER $1,886,000 IN FINANCIAL ASSISTANCE TO PEOPLE WHO WOULD HAVE OTHERWISE FACED ECONOMIC BARRIERS TO PARTICIPATE IN MEMBERSHIP AND PROGRAMS AT THE Y. WHEN YOU LOOK AROUND THE Y, YOU WILL SEE PEOPLE OF ALL AGES, GENDERS AND RACES. THE Y'S COMMITMENT TO DIVERSITY REFLECTS A BELIEF THAT PEOPLE FROM ALL BACKGROUNDS BENEFIT FROM ONGOING INTERACTION WITH EACH OTHER. THE Y IS A CAUSE-DRIVEN ORGANIZATION WITH THREE VITAL AREAS OF FOCUS: YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY.

Program Service Accomplishments

Program 1
Expenses: $5,500,989 Revenue: $5,499,058

HEALTHY LIVING: THE Y IS A LEADING VOICE IN IMPROVING THE NATION'S HEALTH AND WELL-BEING AND PLAYS A SIGNIFICANT ROLE IN IMPROVING THE HEALTH OF OUR COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER...

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HEALTHY LIVING: THE Y IS A LEADING VOICE IN IMPROVING THE NATION'S HEALTH AND WELL-BEING AND PLAYS A SIGNIFICANT ROLE IN IMPROVING THE HEALTH OF OUR COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE HEALTHY HABITS AND FOSTER CONNECTIONS THROUGH WELLNESS, SPORTS, ENRICHMENT AND SHARED INTERESTS. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRIVE FOR A POSITIVE WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. AS A MEMBERSHIP-BASED ORGANIZATION, WELLNESS PROGRAMS ARE AT THE CORE OF OUR PROGRAMMING. MORE THAN 158 FITNESS CLASSES PER WEEK ARE OFFERED AND PROVIDE IMPORTANT HEALTH BENEFITS SUCH AS CARDIOVASCULAR CONDITIONING, MUSCULAR STRENGTHENING, ENDURANCE IMPROVEMENT AND BODY FAT REDUCTION. SPIRIT, MIND AND BODY CLASSES SUCH AS YOGA AND PILATES BENEFIT HEALTH AND WELLNESS BY REDUCING STRESS, LOWERING BLOOD PRESSURE, IMPROVING CIRCULATION AND INCREASING FLEXIBILITY. IN PARTNERSHIP WITH BAPTIST HOSPITAL, WE OFFER AN ON-SITE PHYSICAL REHABILITATION PROGRAM TO OUR COMMUNITY. THIS ALLOWS AN INDIVIDUAL TO RECEIVE LAND OR AQUATIC-BASED PHYSICAL THERAPY WITH LICENSED THERAPISTS. UPON COMPLETING THE PROGRAM, PARTICIPANTS RECEIVE A CUSTOMIZED FITNESS PROGRAM TO ENCOURAGE FASTER HEALING AND STRENGTH TRAINING. THE ULTIMATE GOAL OF THE YMCA'S HEALTH AND WELLNESS PROGRAMS IS TO CREATE HEALTHIER LIFESTYLES AMONG INDIVIDUALS AND THEIR FAMILIES WITH A FOCUS ON REDUCING THE THREAT OF HEALTH ISSUES BY ESTABLISHING GOALS FOR OUR MEMBERS AND HELPING THEM ACHIEVE THOSE GOALS.

Program 2
Expenses: $2,242,830 Revenue: $2,081,246

YOUTH DEVELOPMENT: OUR Y IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT IS WHY...

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YOUTH DEVELOPMENT: OUR Y IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT IS WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR Y FOCUSES ON YOUTH DEVELOPMENT PROGRAMS SUCH AS YOUTH SPORTS, AFTER-SCHOOL CARE, AQUATICS, PRESCHOOL AND SPECIAL NEEDS PROGRAMMING FOR INDIVIDUALS WITH DISABILITIES. THESE PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. WE OFFER THREE PRESCHOOL PROGRAMS AT OUR SITES - ONE AT EACH OF OUR TWO BRANCHES AND ONE AT NCCI HOLDINGS INC. (A CORPORATE BASED PROGRAM). OVER 285 CHILDREN ATTENDED PRESCHOOL IN 2024, WITH THOSE DEMONSTRATING NEED RECEIVING FINANCIAL ASSISTANCE. OUR GOALS ARE TO PROVIDE AFFORDABLE, QUALITY CHILDCARE FOR PRESCHOOL CHILDREN AGES 3 MONTHS TO 5 YEARS, TO PROVIDE WORKING FAMILIES WITH A SAFE PLACE FOR THEIR CHILDREN WHILE THEY WORK AND TO PREPARE CHILDREN TO ENTER ELEMENTARY SCHOOL READY TO LEARN. CAMP PROGRAMS WERE ATTENDED BY 2,186 CHILDREN IN 2024, EACH CHILD AVERAGING AROUND 4 WEEKS, WITH ALMOST 33% OF THE CHILDREN RECEIVING FINANCIAL ASSISTANCE. OUR DAY CAMPS ALLOW PARENTS TO MAINTAIN EMPLOYMENT AND PROVIDE FOR THEIR FAMILIES, WHILE PROVIDING CHILDREN AN OPPORTUNITY TO EXPERIENCE CHARACTER DEVELOPMENT ACTIVITIES, PHYSICAL ACTIVITY, AND SOCIALIZATION WITH CHILDREN OF VARIOUS ABILITIES AND ETHNIC BACKGROUNDS. CAMP PROGRAMS ALSO OFFERS CHILDREN AN OPPORTUNITY TO TRY NEW THINGS, PARTICIPATE IN FUN AND EDUCATIONAL FIELD TRIPS AND LEARN NEW SKILLS THROUGH SPORTS AND AQUATICS. THE Y SPORTS PROGRAM PROMOTES FAIR PLAY AND BUILDS SELF-ESTEEM. LEAGUES AND CLINICS ENSURE THAT CHILDREN LEARN THE IMPORTANCE OF TEAMWORK, SPORTSMANSHIP, AS WELL AS THE RULES OF THE GAME. WHILE SKILLS OF THE GAME ARE TAUGHT, THE CHARACTER VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY ARE THE MOST IMPORTANT FOCUS. WE OFFER BASKETBALL, CHEERLEADING, FLAG FOOTBALL, SOCCER, SWIM LESSONS, SWIM TEAM, MARTIAL ARTS, DANCE, AND VOLLEYBALL PROGRAMS EACH YEAR. WITH SOME 2,785 CHILDREN AND TEENS PARTICIPATING IN OUR YOUTH SPORTS PROGRAMS LAST YEAR.

Program 3
Expenses: $1,082,486 Revenue: $1,004,499

SOCIAL RESPONSIBILITY: OUR Y BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR OVER 52 YEARS. Y PROGRAMS...

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SOCIAL RESPONSIBILITY: OUR Y BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR OVER 52 YEARS. Y PROGRAMS AND VOLUNTEER OPPORTUNITIES ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. IN 2024, WE ENGAGED OVER 41,700 Y MEMBERS, PARTICIPANTS, VOLUNTEERS AND COMMUNITY PARTNERS IN ACTIVITIES THAT STRENGTHEN OURSELVES, OUR COMMUNITIES, AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE. THE Y BELIEVES THAT IT HAS A ROLE IN STIMULATING VOLUNTEERISM, BUILDING CITIZEN LEADERS OF ALL AGES, AND PROVIDING OPPORTUNITIES FOR PEOPLE TO GIVE BACK WHICH ADDRESSES AN IMPORTANT SOCIETAL NEED AND HELPS TRANSFORM OUR COUNTY INTO A WELCOMING COMMUNITY. THIS EFFORT NOT ONLY ENABLES THE Y TO ACCOMPLISH ITS MISSION, BUT ALSO PROVIDES VOLUNTEERS WITH LIFE-CHANGING LEADERSHIP DEVELOPMENT OPPORTUNITIES. THE Y IS COMMITTED TO TEACHING BY WORD AND EXAMPLE; THAT THERE ARE MANY WAYS TO CONSIDER OTHERS BEFORE SELF AND TO DEVELOP ONE'S GIFTS, ENABLING INDIVIDUALS TO DO IMPORTANT THINGS FOR THEIR COMMUNITY. TO THIS POINT, MORE THAN 399 VOLUNTEERS AND 26,150 OF VOLUNTEER HOURS HAVE PROVIDED SERVICES TO THE Y THROUGH INVOLVEMENT IN OUR THREE BOARDS, AS COACHES ON THE SPORTS FIELD, AS WELL AS IN MANY OF OUR OTHER AREAS AS PROGRAM AND POLICY VOLUNTEERS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,549,485
Program Service Revenue $12,408,475
Investment Income $195,569
Other Revenue $-50,532
TOTAL REVENUE $16,102,997

Expense Breakdown

Grants Paid $3,119,538
Salaries & Benefits $8,932,640
Fundraising Expenses $222,283
Program Expenses $16,066,375
Other Expenses $6,414,829
TOTAL EXPENSES $18,467,007

Year-over-Year Comparison

2024 2023 Change
Revenue $16,102,997 $15,673,923 +0.0%
Expenses $18,467,007 $14,476,713 +0.3%
Net Income $-2,364,010 $1,197,210 -3.0%
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
33
Independent Members
33
Employees
632
Volunteers
399

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
8
$765,171
Total Directors
34
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HANK JACKSON CHAIR 1.0
Officer Director
$0 $0 $0
JACKIE REEVES PAST CHAIR 1.0
Officer Director
$0 $0 $0
JASON BUSCH TREASURER 1.0
Officer Director
$0 $0 $0
ROSIE INGUANZO-MARTIN SECRETARY 1.0
Officer Director
$0 $0 $0
SCOTT JORDAN VICE CHAIR 1.0
Officer Director
$0 $0 $0
AARON MILLER TRUSTEE 1.0
Director
$0 $0 $0
ADAM MARSHALL TRUSTEE (THRU 06/2024) 1.0
Director
$0 $0 $0
BRAD WINSTEAD TRUSTEE 1.0
Director
$0 $0 $0
CHARLIE TORANO TRUSTEE 1.0
Director
$0 $0 $0
CHRISTOPHER B WARREN TRUSTEE 1.0
Director
$0 $0 $0
CONNOR LYNCH TRUSTEE 1.0
Director
$0 $0 $0
DAN HUCK TRUSTEE 1.0
Director
$0 $0 $0
DAVID DUNSTON TRUSTEE 1.0
Director
$0 $0 $0
DAVID GLUCK TRUSTEE (AS OF 04/2024) 1.0
Director
$0 $0 $0
DOUG MITHUN TRUSTEE (AS OF 01/2024) 1.0
Director
$0 $0 $0
DOUG MOSLEY TRUSTEE 1.0
Director
$0 $0 $0
DR KATRINA CARTER-TELLISON TRUSTEE 1.0
Director
$0 $0 $0
JASON AUBE TRUSTEE 1.0
Director
$0 $0 $0
JASON COKER TRUSTEE 1.0
Director
$0 $0 $0
JOHN T MULHALL III TRUSTEE 1.0
Director
$0 $0 $0
JONATHAN BARBAR TRUSTEE 1.0
Director
$0 $0 $0
JUAN AWAD TRUSTEE 1.0
Director
$0 $0 $0
KEVIN VANCE TRUSTEE (AS OF 09/2024) 1.0
Director
$0 $0 $0
LINDA GUNN-PATON TRUSTEE 1.0
Director
$0 $0 $0
MICHAEL SORG TRUSTEE 1.0
Director
$0 $0 $0
NICOLE GRIMES TRUSTEE 1.0
Director
$0 $0 $0
PAUL ADKINS TRUSTEE 1.0
Director
$0 $0 $0
PEARL PERCY TRUSTEE 1.0
Director
$0 $0 $0
REGGIE LAROCHE TRUSTEE 1.0
Director
$0 $0 $0
RICHARD MASCOLO TRUSTEE 1.0
Director
$0 $0 $0
ROBERT ROBES TRUSTEE 1.0
Director
$0 $0 $0
SUSAN HARRIS TRUSTEE 1.0
Director
$0 $0 $0
TERESA FEDELE TRUSTEE 1.0
Director
$0 $0 $0
TIMOTHY DEVLIN TRUSTEE 1.0
Director
$0 $0 $0
BONNIE J SNOW CFO (AS OF 02/2024) 49.0
Officer
$117,446 $5,463 $122,909
GARY FLAKS VICE PRESIDENT 49.0
Officer
$261,707 $46,031 $307,738
JASON HAGENSICK PRESIDENT/CEO 49.0
Officer
$298,682 $35,842 $334,524
BARRY DAVIS EXECUTIVE DIRECTOR 50.0
Highest
$135,293 $16,235 $151,528
BRYAN HUNT EXECUTIVE DIRECTOR 50.0
Highest
$123,839 $22,752 $146,591
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 $16,102,997 $18,467,007 $18,509,263 $-2,364,010
2023 $15,673,923 $14,476,713 $21,273,224 $1,197,210
2022 $13,274,743 $12,038,594 $20,829,384 $1,236,149
2021 $16,072,412 $10,582,965 $22,650,750 $5,489,447
2020 $8,772,262 $9,219,420 $17,666,576 $-447,158
2019 $11,772,490 $11,485,215 $18,325,533 $287,275
2018 $12,031,036 $11,671,251 $18,891,667 $359,785
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