Bedford Area Family Ymca
Nonprofit profile at a glance
- EIN
- 541140513
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Bedford, VA, USA
- Phone
- 5405863484
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Young Men's or Women's Associations
- Affiliation
- Christianity
Reported finances
- Revenue
- $2,529,956
- Expenses
- $2,379,011
- Assets
- $5,699,636
- Liabilities
- $616,904
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- MARY JO BOONE (EXECUTIVE DIRECTOR)
Highest reported compensation
- MARY JO BOONE (EXECUTIVE DIRECTOR): $149,926 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The bedford area family ymca is a vital community organization serving a large and diverse population through a variety of programs and services. The mission of the ymca, to put christian principles into practice through programs that build healthy spirit, mind and body for all, is not only embraced by staff, board of directors and members, but is also evident in all programs and services. The ymca does not refuse memberships, programs or services to people because of their inability to pay but offers everyone the opportunity to participate by granting scholarship and fee reductions based on financial need.
What it reported doing in 2024
Aquatics - in collaboration with bedford city and county, the ymca aquatics program provides swimming lessons to nearly 1,000 youth and adults each year. The localities financially support swim lessons for every person who wishes to learn how to swim. As the only indoor pool in the county, the ymca supports four swim teams including all three county high schools and they team who train and compete at the y. Additionally, wellness classes and aquatic services are provided for a variety of individuals with arthritis, physical and mental challenges, home-schooled children, rehabilitation patients and athletes in training.
Operating model
- Revenue model
- Other-operating. 80% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 90
- Accountability: 100
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 91.8%; rating input score 92
- Fundraising efficiency: $7.63 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 2.4; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 57; 57th percentile among comparable filings
- Officer compensation ratio: 6.3%; rating input score 45; 45th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 91.8% of spending went to programs
- Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.2M in reported program spending
- Leadership: top reported pay $150K · 18 people listed
- Consistency: 44 of 46 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 29/100.
- Review — Sustainability: Operating margin scored 53/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule G fundraiser detail did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 57/100.