Family Y of Owensboro-Daviess Co

Nonprofit profile at a glance

EIN
610561344
IRS 990 coverage
2014–2022
Forms available
Form 990 2022
Location
Owensboro, KY, USA
Phone
2709269622
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,629,537
Expenses
$1,276,818
Assets
$5,537,774
Liabilities
$1,527,856

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

20 people listed

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To put christian principle into practice through programs that build healthy spirit, mind, and body for all

What it reported doing in 2022

Social responsibility: the owensboro family ymca understands the need for families to provide a safe, nurturing, environment and will not turn away families based on their inability to pay. Nearly 75% of financial assistance is provided to families to enable membership opportunities. The y celebrates young leaders within the community at our annual awards luncheon. The owensboro family ymca offers lifeguard lessons to focus on life saving measures and prevent drownings. The y extends such trainings as partners to include city pool staff and other community and homeowner association's pool staffs. The y also collaborates with other local non-profits and churches to share services and to support those organizations' programs (examples: we assist salvation army with their angel tree program, Kentucky wesleyan college in service to their studen tbody as their campus wellness center, and special olympics to allow their swim team to practice in our pool. Healthy living: improving the owensboro community's health and well being means building a healthy spirit, mind, and body for all. The ymca is a leading voice on health and well-being. We bring families closer together, encourage good health, and foster connections through physical activity, sports, character development, and shared interests.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 87
  • Accountability: 95
  • Sustainability: 69
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.9%; rating input score 58
  • Program expense ratio: 75.9%; rating input score 76
  • Fundraising efficiency: $16.11 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 23rd 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: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: 21.6%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 4.34; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: -8.8% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -2.9% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: 8.7% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 57.9% of revenue deployed · 75.9% of spending went to programs
  • Governance: 19 of 19 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $969K in reported program spending
  • Leadership: top reported pay $94K · 20 people listed
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 5 filing years from 2014 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 58/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 52/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.