NORFOLK YMCA REAL ESTATE HOLDING C… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

DENNIS MONTGOMERY

Phone

4023719770

Tax Period

2024-01-01 to 2024-12-31

NORFOLK YMCA REAL ESTATE HOLDING CORPORATION, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $9.6M in total revenue in fiscal year 2024.

Mission

TO ACQUIRE, FINANCE, DEVELOP AND LEASE TO Y.M.C.A., NORFOLK, NEBRASKA (THE YMCA), THE SITE AT WHICH THE YMCA IS LOCATED. THE MISSION OF THE YMCA IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY.

Program Service Accomplishments

Program 1

TO ACQUIRE, FINANCE, DEVELOP, AND LEASE TO THE YMCA, THE SITE AT WHICH THE YMCA IS LOCATED.

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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 $10,000,000

Program Service Revenue $0

Investment Income $0

Other Revenue $-431,892

TOTAL REVENUE $9,568,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,568,108	$-442,207	-22.6%
Expenses	N/A	$2,000	-1.0%
Net Income	N/A	$-444,207	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER BORGMAN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DOUG BURKINK	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
BOB DUDLEY	MEMBER	N/A	Director	$0	$0	$0
DENNIS MONTGOMERY	PRESIDENT	N/A	Officer Director	$0	$0	$0
AARON OTTEN	MEMBER	N/A	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	$9,568,108	No data	$8,524,696	No data
2023	$-442,207	$2,000	$8,956,588	$-444,207
2022	$-378,325	$63,593	$9,400,795	$-441,918
2021	$-434,812	$1,029,973	$9,843,118	$-1,464,785
2020	$-405,917	No data	$11,315,784	No data
2019	$2,015,170	No data	$11,845,546	No data
2018	$126,859	$428,614	$10,846,465	$-301,755

NORFOLK YMCA REAL ESTATE HOLDING CORPORATION