Ymca of Southern Indiana Inc
Nonprofit profile at a glance
- EIN
- 311183203
- IRS 990 coverage
- 2009–2014
- Forms available
- Form 990 2014
- Location
- New Albany, IN, USA
- Phone
- 8122839622
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Young Men's or Women's Associations
Reported finances
- Revenue
- $6,849,485
- Expenses
- $6,806,950
- Assets
- $14,695,027
- Liabilities
- $6,532,068
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JOSEPH LAROCCA (CEO)
Highest reported compensation
- JOSEPH LAROCCA (CEO): $138,019 total reported compensation
- DENNIS ENIX (EXECUTIVE DI): $112,409 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The ymca of southern Indiana is a charitable, community service organization that includes men, women and children of all ages, abilities, incomes, races and religions. We are joined together by a shared commitment to nurturing the potential of kids, promoting healthy living, and fostering a sense of social responsibility. We believe that lasting personal and social change can only come about when we all work together to invest in our kids, our health and our neighbors. That is why strengthening community is our cause. Every day, we work side-by-side with our neighbors in our community to make sure that everyone has the opportunity to learn, grow and thrive through our program. These programs include preschool, before and after school care, youth outreach and adult and senior wellness programs. We serve approximately 34,000 individuals and families each year. Everyone is welcome at our y, regardless of age, background or ability to pay. Our y is founded and led by volunteers from our c
What it reported doing in 2014
To provide child care services, summer camps, and athletic activities for both youth and adults in the community.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program 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
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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 48
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.9%; rating input score 85
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $11.53 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th 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; 65th percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.6%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: -2.6% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -1.2% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: -3% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 84.9% of revenue deployed · 85.3% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.8M in reported program spending
- Leadership: top reported pay $138K · 21 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 6 filing years from 2009 to 2014
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 47/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 59/100.