Ymca of the North Shore Inc

Nonprofit profile at a glance

EIN
042104913
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Beverly, MA, USA
Phone
9789220990
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Young Men's or Women's Associations

Official website

Reported finances

Revenue
$83,799,802
Expenses
$76,015,469
Assets
$154,177,899
Liabilities
$38,130,886

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

Leadership & pay

50 people listed

Executive titles in this filing

  • Christopher Lovasco (President & Chief Executive Officer)
  • Kevin McCarthy (Chief Financial Officer / Executive Vice President)
  • Brian Flynn (Executive Director)
  • Charity Lezama (Executive Director)
  • Cynthia Marchand (Executive Director of Education)
  • Timothy Flaherty (Executive Director)

Highest reported compensation

  • Christopher Lovasco (President & Chief Executive Officer): $568,227 total reported compensation
  • Kevin McCarthy (Chief Financial Officer / Executive Vice President): $375,893 total reported compensation
  • Gerald MacKillop (Chief Operations Officer): $302,752 total reported compensation

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

Overview

Mission

Our YMCA welcomes all. We strengthen communities, educate and nurture children, and promote healthy living in spirit, mind and body. Our strategic goals include providing youth and teen skill development, reversing the obesity epidemic, improving health outcomes for all community members, decreasing social isolation, and supporting basic needs for those with financial difficulties. Our team of over 2,400 employees and 400 volunteers are committed to serving all in our communities. This commitment can be seen in the high quality of service we provide and our strong financial assistance program, through which over $4,100,000 was distributed to over 5,600 children, adults and families who were unable to pay for Y membership and programs.

What it reported doing in 2025

Youth Development - At the Y, we believe that all kids have amazing potential. Values and skills learned early are vital building blocks for life. Young people deserve an opportunity to discover who they are and what they can achieve. From the youngest in our child care programs to the teens in our leadership development initiatives, the Y gives kids and teens a safe place to belong, building confidence and learning positive behaviors grounded in our core values of caring, honesty, respect, and responsibility. Childcare - As the region's largest provider of high-quality affordable childcare, we support the healthy development of approximately 3,050 children each day. At our 40+ childcare centers, we focus on nurturing children by providing a safe and healthy place to learn foundational skills; develop healthy, trusting relationships; and build self-reliance through the Y values of caring, honesty, respect and responsibility. Our full-day and partial-day childcare programs for infants through middle school children enable parents and guardians to go to work knowing their children are in a safe, learning environment. The YMCA provided more than $1,000,000 in financial assistance and more than one in two children received subsidized childcare. Camp - Our Y provides day camp experiences that fill each summer day with friendships and memories that last a lifetime. Approximately 4,700 children enjoyed camp adventures, and the YMCA provided approximately $530,000 in financial assistance to one in eight children attending camp. Approximately $600,000 of camp was provided at no cost to the more than 415 children that participated in our summer learning loss prevention program. Youth Services - Our Y program including our teen centers, youth sports, competitive swimming and gymnastics, adventure, and theater programming offer a range of experiences that enrich cognitive, social, physical and emotional growth. The Y served more than 6,800 children in our youth programs. Approximately $370,000 of financial assistance provided made participation possible for more than one in seven of the young people we engage.

Operating model

Revenue model
Other-operating. 61% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 94% 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

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 94.9%; rating input score 95
  • Fundraising efficiency: $17.97 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 25th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 60th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

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: 9.3%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 2.03; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 62; 62nd percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 33; 33rd percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 6.6% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 94.9% of spending went to programs
  • Governance: 32 of 32 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $68M in reported program spending
  • Leadership: top reported pay $568K · 50 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $865K reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 12 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • 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 41/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Moderate — Sustainability: Officer compensation ratio scored 33/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.