Waldo County YMCA

Nonprofit profile at a glance

EIN
010493123
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Belfast, ME, USA
Phone
2073384598
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Young Men's or Women's Associations

Official website

Reported finances

Revenue
$2,870,620
Expenses
$2,718,576
Assets
$5,943,037
Liabilities
$159,087

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • Russell Werkman (CEO)

Highest reported compensation

  • Russell Werkman (CEO): $91,468 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

It is the mission of the Waldo County YMCA to promote the physical, mental, social and spiritual development of Waldo County children and Families.

What it reported doing in 2025

The WCYs Healthy Living programs strengthen the physical, emotional, social, and spiritual well-being of individuals and families across our community. Through membership engagement, wellness and fitness programs, adult sports, aquatics, and related support services the YMCA creates welcoming spaces where people of all backgrounds can improve their health while building meaningful relationships and a sense of belonging. By making healthy liviing accessible and inclusive, the WCY helps individuals develop stronger bodies, healthier habits, and deeper social bonds that contribute to a vibrant and resilient community.

Operating model

Revenue model
Earned-program. 78% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 54
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: $5.72 raised per $1 spent on fundraising; rating input score 18; 18th 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: 100%; rating input score 100; 75th percentile among comparable filings
  • 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: 5.3%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 2.19; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 83.6% of spending went to programs
  • Governance: 22 of 22 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.3M in reported program spending
  • Leadership: top reported pay $91K · 23 people listed
  • Consistency: 38 of 38 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 18/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Growth: Asset growth scored 0/100.