WESTPORT WESTON FAMILY YMCA FOUNDATION INC (EIN 813028694) - 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

2016

Legal Domicile

Principal Officer

JOHN MCKINNEY

Phone

2032268981

Tax Period

2023-01-01 to 2023-12-31

WESTPORT WESTON FAMILY YMCA FOUNDATION INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $918K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 83% operating deficit.

Mission

FOUNDATION WAS ORGANIZED AS A 501C3 CORPORATION WITH THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTPORT/WESTON, CT INC. (THE ASSOCIATION) AS ITS SOLE MEMBER. THE FOUNDATION'S PURPOSE IS TO OBTAIN AND ADMINISTER FUNDS TO BE USED IN FURTHERANCE OF THE ASSOCIATION'S PURPOSE.

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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 $0

Program Service Revenue $0

Investment Income $917,751

Other Revenue $0

TOTAL REVENUE $917,751

Expense Breakdown

Grants Paid $1,464,996

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,464,996

Other Expenses $217,245

TOTAL EXPENSES $1,682,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$917,751	$663,949	+0.4%
Expenses	$1,682,241	$1,690,500	0.0%
Net Income	$-764,490	$-1,026,551	-0.3%

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

N/A

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

$510,414

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE STRITTMATTER	TRUSTEE	2.00	Director	$0	$0	$0
DAN MCHUGH	TRUSTEE	2.00	Director	$0	$0	$0
DANA MCCREESH	TRUSTEE	2.00	Director	$0	$0	$0
DOUG FINCHER	OUTGOING TRUSTEE	2.00	Director	$0	$0	$0
IAIN BRUCE	TRUSTEE	2.00	Director	$0	$0	$0
JAMES WESTPHAL	VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN MCKINNEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JONATHAN MANELA	OUTGOING TRUSTEE	2.00	Director	$0	$0	$0
JULAINE SUNDERLAND	TRUSTEE	2.00	Director	$0	$0	$0
KATHRYN GUSSEN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL TAETS	TRUSTEE	2.00	Director	$0	$0	$0
PAUL KEBLISH	TRUSTEE	2.00	Director	$0	$0	$0
PETE WOLGAST	SECRETARY	5.00	Officer Director	$0	$0	$0
PETER NUSSBAUM	TRUSTEE	2.00	Director	$0	$0	$0
PHILLIP SCHEMEL	TREASURER	5.00	Officer Director	$0	$0	$0
ROB HAROUN	OUTGOING TRUSTEE	2.00	Director	$0	$0	$0
ROBERT BOWMAN	OUTGOING TRUSTEE	2.00	Director	$0	$0	$0
ROSEMARY HALSTEAD	TRUSTEE/SECRETARY	2.00	Officer Director	$0	$0	$0
SAM GAULT	OUTGOING TRUSTEE	2.00	Director	$0	$0	$0
ANJALI MCCORMICK	CHIEF EXECUTIVE OFFICER	50.00	Officer	$0	$41,248	$324,461
GLEN HALE	CHIEF FINANCIAL OFFICER	50.00	Officer	$0	$33,310	$185,953

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	No data	No data	No data	No data
2023	$917,751	$1,682,241	$50,870,980	$-764,490
2022	$663,949	$1,690,500	$45,441,034	$-1,026,551
2021	$7,284,528	$1,472,103	$55,916,720	$5,812,425
2020	$1,651,186	$4,771,154	$51,712,663	$-3,119,968
2019	$2,149,757	$1,765,211	$50,296,248	$384,546
2018	$2,450,579	$750,287	$44,085,093	$1,700,292

WESTPORT WESTON FAMILY YMCA FOUNDATION INC