Civic Intelligence

Fergus Falls Area Family YMCA

EIN 41-0940250 • 501(c)3 • Fergus Falls, MN

Profile

To put Christian principles into practice through programs that build healthy spirit, mind and body for all.

1164 North Friberg AvenueFergus Falls, MN 56537

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.09x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.15x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-11%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-0.6%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,312,293

Down $272,046 (-11%) from 2022

Liabilities

Up

$210,865

Up $51,859 (+33%) from 2022

Net Assets

Down

$2,101,428

Down $323,905 (-13%) from 2022

Revenue

Down

$1,419,574

Down $8,822 (-0.6%) from 2022

Expenses

Up

$1,743,479

Up $153,577 (+9.7%) from 2022

Net Income

Down

-$323,905

Down $162,399 (-101%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $3,272,400Liabilities 2010: $649,336Net Assets 2010: $2,623,0642010Assets 2011: $3,114,645Liabilities 2011: $619,956Net Assets 2011: $2,494,6892011Assets 2012: $2,975,896Liabilities 2012: $617,652Net Assets 2012: $2,358,2442012Assets 2013: $2,856,157Liabilities 2013: $582,895Net Assets 2013: $2,273,2622013Assets 2014: $2,782,893Liabilities 2014: $504,479Net Assets 2014: $2,278,4142014Assets 2015: $2,945,006Liabilities 2015: $305,983Net Assets 2015: $2,639,0232015Assets 2016: $2,595,164Liabilities 2016: $76,412Net Assets 2016: $2,518,7522016Assets 2017: $2,699,124Liabilities 2017: $100,266Net Assets 2017: $2,598,8582017Assets 2018: $2,630,327Liabilities 2018: $87,221Net Assets 2018: $2,543,1062018Assets 2020: $2,810,837Liabilities 2020: $74,125Net Assets 2020: $2,736,7122020Assets 2021: $2,844,230Liabilities 2021: $257,391Net Assets 2021: $2,586,8392021Assets 2022: $2,584,339Liabilities 2022: $159,006Net Assets 2022: $2,425,3332022Assets 2023: $2,312,293Liabilities 2023: $210,865Net Assets 2023: $2,101,4282023

Highlighted filing

2023

Assets$2,312,293
Liabilities$210,865
Net Assets$2,101,428

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2010: $860,009Expenses 2010: $1,015,394Net Income 2010: -$155,3852010Expenses 2011: $988,3152011Expenses 2012: $1,010,6202012Revenue 2013: $997,008Expenses 2013: $1,081,990Net Income 2013: -$84,9822013Revenue 2014: $1,188,464Expenses 2014: $1,183,312Net Income 2014: $5,1522014Revenue 2015: $1,621,869Expenses 2015: $1,261,260Net Income 2015: $360,6092015Revenue 2016: $1,241,650Expenses 2016: $1,361,921Net Income 2016: -$120,2712016Revenue 2017: $1,445,631Expenses 2017: $1,365,525Net Income 2017: $80,1062017Revenue 2018: $1,332,605Expenses 2018: $1,395,309Net Income 2018: -$62,7042018Revenue 2020: $1,394,773Expenses 2020: $1,241,828Net Income 2020: $152,9452020Revenue 2021: $1,267,108Expenses 2021: $1,416,981Net Income 2021: -$149,8732021Revenue 2022: $1,428,396Expenses 2022: $1,589,902Net Income 2022: -$161,5062022Revenue 2023: $1,419,574Expenses 2023: $1,743,479Net Income 2023: -$323,9052023

Highlighted filing

2023

Revenue$1,419,574
Expenses$1,743,479
Net Income-$323,905

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 10, 2024
Return Version
2023v5.0
Gross Receipts
$1,419,574
Mission and Program Overview

Mission

To put christian principles into practice through programs that build healthy spirit, mind, and body for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,940,061$1,837,720▼ $102,341
Cash and Non-Interest-Bearing Accounts$278,513$319,888▲ $41,375
Savings and Temporary Cash Investments$261,536$25,853▼ $235,683
Pledges and Grants Receivable$4,250--
Prepaid Expenses and Deferred Charges-$4,000-
Accounts Receivable$14,576$3,038▼ $11,538
Total Assets$2,584,339$2,312,293▼ $272,046
Other Assets Total$85,403$121,794▲ $36,391
Liabilities
Other Liabilities$62,962$124,728▲ $61,766
Accounts Payable and Accrued Expenses$76,725$64,366▼ $12,359
Deferred Revenue$18,765$21,771▲ $3,006
Unsecured Notes Loans Payable$554--
Total Liabilities$159,006$210,865▲ $51,859
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,370,604$2,081,264▼ $289,340
Net Assets With Donor Restrictions$54,729$20,164▼ $34,565
Total Net Assets Fund Balance$2,425,333$2,101,428▼ $323,905
Total Liabilities and Net Assets / Fund Balance$2,584,339$2,312,293▼ $272,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,737,806$3,302,212$5,040,018
Equipment$46,298$282,568$328,866
Land$53,616-$53,616
Other Assets Org$121,794--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michelle EldienBoard Chair
Chris MarvelDirector
Derrick ClarkDirector
Jake WendlandDirector
Jane MclandressDirector
Joe BrancaDirector
Jordan RasmussenDirector
Mary BresslerDirector
Siri LivdahlDirector
Todd KadryDirector
David BjorkSecretary
Kendra OlsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$170,761
Program Service Revenue
$1,191,723
Investment Income
$7,413
Other Revenue
$49,677
All Other Contributions
$141,655
Change in Net Assets
$-323,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,419,574
Total Revenue per Audited Statements
$1,419,574
Total Revenue per Form 990
$1,419,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$950,723
Other Expenses$792,756
Total Fundraising Expense$42,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$694,883$99,660$8,622$803,165
Depreciation Depletion$155,242$9,892$654$165,788
Fees for Services Other$35,787$104,615$9,094$149,496
Occupancy$141,784$7,038$574$149,396
Payroll Taxes$55,121$7,906$684$63,711
Other Employee Benefits$51,926$7,448$644$60,018
Office Expenses$2,600$47,501$4,897$54,998
Insurance-$35,424$3,081$38,505
Other Expenses$18,345$5,055$8,127$31,527
Fees for Services Accounting-$28,905-$28,905
Payments to Affiliates-$25,041$2,177$27,218
Information Technology-$22,225$1,933$24,158
Pension Plan Contributions$20,616$2,957$256$23,829
Conferences and Meetings$1,778$8,571$745$11,094
Advertising$5,002$1,832$157$6,991
Travel-$961$7$968
Interest-$142$12$154
Total Functional Expenses$1,282,074$419,390$42,015$1,743,479

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,743,479
Total Expenses per Audited Statements$1,743,479
Total Expenses per Form 990$1,743,479
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lt Operating Lease Liability$70,796
Obligations Under Operating Lease$50,998
Credits Due Members$2,934
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Finance committee reviews and approves the form 990. It then goes for full board approval.

Form 990, Page 6, Part VI, Line 12C

Each significant person shall completely, accurately and timely submit the annual conflict of interest questionnaire as prepared and distributed by the executive committee. The board shall determine by a majority vote of disinterested directors whether the disclosed interest may result in a conflict of interest after meeting, discussing and voting on the matter. Violaters of the policy are given an opportunity to explain the alleged failure to disclose the actual or possible conflict of interest. The board shall then take appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 15A

The executive director is evaluated annually. Compensation is based upon budget, budget size of similar ymca's and how compensation compares to those ymca's.

Form 990, Page 6, Part VI, Line 19

These documents are available upon request

Filing and Contact Details

Filer

Filer Name
Fergus Falls Area Family Ymca
EIN
41-0940250
Phone
2187394489
Address
1164 NORTH FRIBERG AVENUE, FERGUS FALLS, MN 56537

Signing Officer

Name
Michelle Eldien
Title
Board Chair
Phone
2187394489
Signed
2024-06-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Eldien
Formed
1967
Voting Board Members
12
Independent Board Members
12
Employees
125
Volunteers
105

Preparer

Firm
Carlsonsv Llp
Address
301 KELLER AVE S, AMERY, WI 54001-1283
Preparer
Dirk a Prindle CPA
Phone
7159544995
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Total program expenses for all programs.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is organized as a minnesota nonprofit corporation and has been recognized by the irs as exempt from federal income taxes under section 501(c)(3). The organization is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the organization is subject to income tax on net income that is derived from business activities that are unrelated to its exempt purpose. The organization has determined it is not subject to any unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. The organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990/ProgSrvcAccomActy2Grp/Desc0HEALTHY LIVING: PROGRAMS DESIGNED TO PROVIDE OPPORTUNITIES FOR HEALTHY LIVING INCLUDING FITNESS, VOLLEYBALL, BASKETBALL, RACQUETBALL, PICKLEBALL, WATER FITNESS, SWIMMING, ETC. THERE WERE 120 INDIVIDUALS IN ADULT SPORTS, 44 INDIVIDUALS IN PERSONAL TRAINING-RELATED PROGRAMS, AN AVERAGE OF 20 INDIVIDUALS PER FITNESS CLASS OF WHICH APPROXIMATELY 31 CLASSES OFFERED PER WEEK, 4 ADULTS IN SWIMMING PROGRAMS, AN AVERAGE OF 20 PARTICIPANTS PER WATER FITNESS CLASS OF WHICH APPROXIMATELY 10 CLASSES OFFERED PER WEEK, ETC.
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IRS990/ProgSrvcAccomActy3Grp/Desc0SOCIAL RESPONSIBILITY - OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 60 YEARS YEARS. Y PROGRAMS, SUCH AS FOREVER WELL, SENIOR EXERCISE, AND BEFORE AND AFTER SCHOOL, ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. IN 2023, WE ENGAGED 4,800 YMCA MEMBERS, PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TOTAL PROGRAM EXPENSES FOR ALL PROGRAMS.
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE LEASE ASSET
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS ORGANIZED AS A MINNESOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE IRS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3). THE ORGANIZATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSE. THE ORGANIZATION HAS DETERMINED IT IS NOT SUBJECT TO ANY UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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