FRANK P PHILLIPS MEMORIAL YMCA (EIN 646025994) - 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

1924

Legal Domicile

Principal Officer

JIMMY WOODRUFF

Phone

6623287696

Tax Period

2024-01-01 to 2024-12-31

FRANK P PHILLIPS MEMORIAL YMCA, founded in 1924, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND, AND BODY. WE PROMOTE YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY.

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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 $268,111

Program Service Revenue $1,284,288

Investment Income $24,925

Other Revenue $21,742

TOTAL REVENUE $1,599,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $614,105

Fundraising Expenses $58,118

Program Expenses $1,116,140

Other Expenses $1,148,108

TOTAL EXPENSES $1,762,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,599,066	$1,945,500	-0.2%
Expenses	$1,762,213	$1,526,024	+0.2%
Net Income	$-163,147	$419,476	-1.4%

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

123

Volunteers

400

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

$85,905

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY WOODRUFF	EXECUTIVE DI	40.00	Officer	$85,905	$0	$85,905
PENNY BOWEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROB WINKLEPLECK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARY SWEDENBURG	SECRETARY	1.00	Officer Director	$0	$0	$0
BRANDT GALLOWAY	TREASURER	1.00	Officer Director	$0	$0	$0
TRIP HAIRSTON	DIRECTOR	1.00	Director	$0	$0	$0
BAIN NICKELS	DIRECTOR	1.00	Director	$0	$0	$0
FORREST ALLGOOD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BEAN	DIRECTOR	1.00	Director	$0	$0	$0
EULALIE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
NUTIE DOWDLE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUNN	DIRECTOR	1.00	Director	$0	$0	$0
BOBBY HARPER	DIRECTOR	1.00	Director	$0	$0	$0
CHAD THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
AMY BOGUE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SINGLEY	DIRECTOR	1.00	Director	$0	$0	$0
KELLUM HAWK	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN FORD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JASON MINGA	DIRECTOR	1.00	Director	$0	$0	$0
SAMMIE LEE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BROCK	DIRECTOR	1.00	Director	$0	$0	$0
MATT FURNARI	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA SANDERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DAVID HURT	DIRECTOR	1.00	Director	$0	$0	$0

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	$1,599,066	$1,762,213	$2,511,505	$-163,147
2023	$1,945,500	$1,526,024	$2,571,535	$419,476
2022	$1,418,756	$1,611,775	$2,149,635	$-193,019
2021	$1,903,379	$1,459,438	$2,820,969	$443,941
2020	$1,273,581	$1,336,920	$2,575,834	$-63,339
2019	$1,485,550	$1,468,184	$2,556,191	$17,366
2018	$1,773,833	$1,458,818	$2,530,685	$315,015

FRANK P PHILLIPS MEMORIAL YMCA