Family Ymca of the Glens Falls Area Inc
Nonprofit profile at a glance
- EIN
- 141340008
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Glens Falls, NY, USA
- Phone
- 5187933878
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $888,915
- Expenses
- $671,137
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Brian Corcoran (President)
People named in this filing
- Brian Corcoran (President)
- Michael Brodt (Treasurer)
- Paul Wersten (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To put christian principles into practice through programs that build healthy spirit, mind, and body for all.
What it reported doing in 2024
Our ymca is committed to nurturing the potential of every child and teen. We believe that all kids deserve the opportunity to discover who they are and what they can achieve. That's why we help young people cultivate the values, skills, and relationships that lead to positive behaviors, better health, and educational achievement. Our ymca programs, such as camp chepontuc, swim teams, gymnastics teams, leaders' club, and youth & government, offer a range of experiences that enrich cognitive, social, physical, and emotional growth. We offer direct financial assistance that makes participation possible for the young people we engage. Our scholarship assistance program helped youth participate in ongoing youth programs, and children have an enriching summer camp experience. Our youth & government program is a collaboration with the queensbury unified school district and provides teens with awareness of political issues and procedures as well as developing leadership and communication skills. This club meets regularly to research and develop their own bills or court cases in preparation for a state conference in albany, ny. Through a collaboration with glens falls city school district we implemented a no more learning gap program which focused on the reading comprehension loss that takes place each summer throughout the country and our district. Some students maintained their reading level and more than half increased their reading level by one book level or more.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 100
- Accountability: 94
- Sustainability: 47
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.4%; rating input score 58
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $0.81 raised per $1 spent on fundraising; rating input score 3; 3rd 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: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: Fail
Sustainability
- Operating margin: 24.5%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: -5.9% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -1.5% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 58.4% of revenue deployed · 76% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $671K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Financial Efficiency: Fundraising efficiency scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.