Cherokee Co Family Ymca Inc
Nonprofit profile at a glance
- EIN
- 570557200
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Gaffney, SC, USA
- Phone
- 8644877556
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
- Affiliation
- Christianity
Reported finances
- Revenue
- $1,161,706
- Expenses
- $1,234,000
- Assets
- $4,948,842
- Liabilities
- $1,133,472
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- SUMMER PARKER (CEO)
Highest reported compensation
- SUMMER PARKER (CEO): $100,461 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 cherokee county family ymca is a charitable, community service organization that includes men, women, and children of all ages, abilities, incomes, races and religions. We are dedicated to building strong kids, strong families, and strong communities by putting christian principles into practice through programs that promote healthy lifestyles, strong values, leadership development, and community interaction. All people are welcome at our ymca, regardless of their ability to pay. Our ymca is founded and led by volunteers from our community; volunteers also serve as mentors, coaches, program leaders, instructors and more.
What it reported doing in 2024
Healthy living: the y is committed to improving america's health and well- being, community by community. We bring families closer together, encourage good health and foster connections through fitness, sports, fun and shared interests. As a result, an average of 16 families in our community are receiving the support, guidance and resources they need to achieve greater health in spirit, mind and body. This is particularly important as our nation struggles with chronic disease and obesity, families wrestle with work/life balance and individuals search for personal fulfillment. Our programs are accessible, affordable and open to all faiths, backgrounds, abilities and income levels. In 2024, we provided 5,230 in financial assistance to people who otherwise may not have been able to afford to participate.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 98% 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: 81
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.3%; rating input score 88
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $10.22 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: -6.2%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 4.01; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 3% per year; rating input score 100; 31st percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 88.3% of revenue deployed · 83% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1M in reported program spending
- Leadership: top reported pay $100K · 16 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 4 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 39/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.