LEGACY YMCA

EIN: 630288881 501(c)(3)

BESSEMER, AL

Total Revenue
$1,844,300
Total Expenses
$1,968,147
Total Assets
$3,063,185
Net Assets
$3,011,917
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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
AL
Principal Officer
MICHAEL TALERICO
Phone
2054261211
Tax Period
2024-01-01 to 2024-12-31

LEGACY YMCA, founded in 1920, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2018. Net assets of $3.0M represent 24 months of operating reserves.

Mission

TO PROVIDE A VARIETY OF QUALITY PROGRAMS TO INDIVIDUALS OF ALL AGES, OF ALL RACES AND FROM ALL SOCIO-ECONOMIC BACKGROUNDS IN AN ATMOSPHERE OF CHRISTIAN LOVE AND UNDERSTANDING ALL THE WHILE SEEKING TO PROMOTE THE SPIRITUAL, MENTAL AND PHYSICAL WELFARE OF PERSONS EMPHASIZING REVERENCE TO GOD, CARING, HONESTY, RESPECT, AND RESPONSIBILITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $149,164
Program Service Revenue $1,581,522
Investment Income $62,007
Other Revenue $51,607
TOTAL REVENUE $1,844,300

Expense Breakdown

Grants Paid $0
Salaries & Benefits $933,085
Fundraising Expenses $0
Program Expenses $1,447,075
Other Expenses $1,035,062
TOTAL EXPENSES $1,968,147

Year-over-Year Comparison

2024 2023 Change
Revenue $1,844,300 $1,811,292 +0.0%
Expenses $1,968,147 $1,679,086 +0.2%
Net Income $-123,847 $132,206 -1.9%
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
137
Volunteers
56

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
4
$126,406
Total Directors
16
$126,406
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIES KING CHAIRMAN 1.00
Officer Director
$0 $0 $0
JASON JEWELL FINANCE CHAIRMAN 1.00
Officer Director
$0 $0 $0
SHAUN WILSON IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
JENA LARGE MEMBER 1.00
Director
$0 $0 $0
CHRISTINA ALMANZA MEMBER 1.00
Director
$0 $0 $0
CHRISTINA BUNN MEMBER 1.00
Director
$0 $0 $0
BRYONDA COLLINS MEMBER 1.00
Director
$0 $0 $0
JONI HOLT MEMBER 1.00
Director
$0 $0 $0
TODD PADEN MEMBER 1.00
Director
$0 $0 $0
MICHAEL WALLACE MEMBER 1.00
Director
$0 $0 $0
LERA ELLIOTT MEMBER 1.00
Director
$0 $0 $0
WILLIAM E PARSONS JR MEMBER 1.00
Director
$0 $0 $0
BRANDON TODD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER WILLIS MEMBER 1.00
Director
$0 $0 $0
CORKEY MCFARLAND MEMBER 1.00
Director
$0 $0 $0
MICHAEL TALERICO EXECUTIVE DIRECTOR 40.00
Officer Director
$88,845 $37,561 $126,406
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 $1,844,300 $1,968,147 $3,063,185 $-123,847
2023 $1,811,292 $1,679,086 $3,220,521 $132,206
2022 $1,353,896 $1,467,047 $3,112,036 $-113,151
2021 $1,271,135 $1,332,146 $3,251,767 $-61,011
2020 $1,320,220 $1,203,506 $3,341,910 $116,714
2019 $1,517,290 $1,499,824 $3,119,761 $17,466
2018 $1,516,356 $1,517,381 $3,103,087 $-1,025
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