YMCA of Central Virginia

Legal name: Young Mens Christian Association of Central Virginia

Nonprofit profile at a glance

EIN
540505924
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Lynchburg, VA, USA
Phone
4346164590
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Young Men's or Women's Associations
Affiliation
Christianity

Official website

Reported finances

Revenue
$10,030,896
Expenses
$10,715,588
Assets
$24,851,874
Liabilities
$5,332,586

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • Cindy Forren (President)
  • Michael Cassidy (CEO & Secretary)
  • Thomas Vaughan III (Vice President)

Highest reported compensation

  • Michael Cassidy (CEO & Secretary): $200,583 total reported compensation

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—nurturing thriving children, families, and communities. Capital Campaign Schewel-Clark Family YMCA Support the future Schewel-Clark YMCA through our Capital Campaign. Your contribution helps us build state-of-the-art facilities to serve future generations in Central Virginia. Capital Campaign a building with a sign on the front View Annual Campaign Annual Campaign Every donation fuels programs that transform lives. Join us as we support initiatives that empower youth, strengthen families, and build a thriving community for all. View Annual Campaign Ask About Endowments Endowments Endowments are a vital source of lasting support, providing a permanent funding base to secure our mission. They generate ongoing income that fuels transformative progra.

What it reported doing in 2024

Youth Development- Our Y is committed to nurturing the potential of every child and teen in our communities. We believe that all kids deserve the opportunity to discover who they are and what they can achieve. This is why we help youth in our communities to cultivate the values, skills and relationships that lead to positive behaviors, better health and educational achievement. Our Y programs, such as year-round before/after childcare (387 kids) and the Jamerson Family YMCA Kidz Gym, offer a range of experiences that enrich cognitive, social, physical, and emotional growth. In partnership with Virginia Fosters, a statewide initiative that empowers leaders across the Commonwealth to be the solution for children, families and workers in Virginia's child welfare system, the YMCAs in Virginia are excited to provide a benefit to support foster families. We currently have 55 families that receive subsidies from the Commonwealth of Virginia to be a part of the Y. Expenses include subsidies and direct financial assistance that make participation possible for 45 percent of the young people we engage. In 2023, we provided $16,692 in financial assistance to people who otherwise may not have been able to afford to participate.

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating revenue.
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.

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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 81
  • Accountability: 91
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.6%; rating input score 98
  • Fundraising efficiency: $8.65 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 84.6%; rating input score 85; 18th 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: -6.8%; rating input score 14; 14th percentile among comparable filings
  • Total-asset coverage ratio: 2.32; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site
  • Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
  • Governance: 22 of 26 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $10.5M in reported program spending
  • Leadership: top reported pay $201K · 26 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 47 of 48 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Sustainability: Operating margin scored 14/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.