Waterville Area YMCA FY2021 filing

Public charity (501(c)(3)) Waterville, ME EIN 01-0283465 NTEE P27Z
Revenue
$287K
▼ -64%
FY2021 · Pt VIII · Ln 12
Expenses
$567K
▼ -39%
FY2021 · Pt IX · Ln 25
Net assets
$607K
FY2021 · Pt X · Ln 32
To programs
100%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$287K
FY2021▼ -64%
Expenses
$567K
FY2021▼ -39%

Empowering youth and families to reach their highest potential.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
3 funders, incl. YMCA Alliance of Northern New England
$51K in the latest grant year.
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Spent on programs?
100% to programs
Form 990 Part IX, latest filing.
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Size and trend
$1–10M
↓ -64% vs prior year
Details →

Form 990 for the fiscal year ending March 2021 (IRS tax year 2020).


Empowering youth and families to reach their highest potential.

Type
Public charity (501(c)(3)) · Human Services
Location
Waterville, ME
Website
www.clubayc.org
Filings
6 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
8.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-97%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$881K
FY2021▲ +22%
Total liabilities
$273K
FY2021▲ +258%
Revenue less expensesPt I · Ln 19−$280K
Total assetsPt X · Ln 16$881K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CWaterville Area YMCA
EINHdr · item D01-0283465
Principal addressHdr · item CWaterville, ME
WebsiteHdr · item Jwww.clubayc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P27Z)
Ruling yearIRS BMFJan 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$147,844Pt VII · Sec A
$47,818Pt VII · Sec A
Finance Dire
$34,615Pt VII · Sec A
1st Vice Cha
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A

Ken Walsh’s $148K as CEO is at the 72nd percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Ken Walsh$147,844$137,079
Leslie Wilson—$65,221
Felicia Lambert$47,818$45,585
Dennis Worster$34,615—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $567K of program spending, described in the organization's own filed words · FY2020.
01

Aquatics and Athletics

The organization offers a variety of aquatic and youth sport programs. These programs include learning to swim at all ages, the dolphins swim team, water aerobics, lifeguard training, scuba lessons, youth baseball, football, basketball, soccer, field hockey, volleyball and several others.

$389Kprogram expense
02

Camp tracy is a state licensed summer day camp program for boys and girls entering grades 1 through 8. The purpose of the program is to continue the ymca's mission of offering programs which enhance an individual's spirit, mind, and body.

$135Kprogram expense
03

Heritage Tour Program

The american heritage tour is a constantly evolving educational journey for middle school students, designed as an integrated approach to teaching history and contributing effectively as citizens.

$42Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$256K · 89%
Contributions & grants$25K · 9%
Investment income$6K · 2%
Program service revenue89%$256K
Contributions & grants9%$25K
Investment income2%$6K
— government grantsLn 1e$14K
Total revenueLn 12$287K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$567K
Total functional expensesLn 25$567K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$881K
Total liabilitiesLn 26$273K
Total net assetsLn 32$607K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $415K · Operating expenses/yr $567K
8.8 months
Where the money goes
Program services
Program services $567K · Total expenses $567K
100%
Management & General
Management & general $0 · Total expenses $567K
0%
Fundraising
Fundraising $0 · Total expenses $567K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $20K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $25K · Total revenue $287K
9%
Government reliance
Government grants $14K · Total revenue $287K
5%
Earned-income share
Program service revenue $256K · Total revenue $287K
89%
Investment reliance
Investment income $6K · Total revenue $287K
+2%
Program self-sufficiency
Program service revenue $256K · Total expenses $567K
45%
Growth & trend
Revenue growth (YoY)
This year $287K · Prior year $792K
-64%
Net-asset trend (YoY)
End of year $607K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $287K · Expenses $567K
-97%
Liabilities-to-Assets
Total liabilities — · Total assets $881K
—
Net-asset ratio
Net assets $607K · Total assets $881K
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $415K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $881K
47%
People & payroll
Highest Reported Total Compensation
Individual Ken Walsh · Reported title CEO · Highest reported compensation $148K · Total expenses $567K
26%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $400K · Total expenses $567K
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -64%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 3 funders$51K
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.1M revenue · ⤓ 990 PDF
FY2024$958K revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$638K revenue · ⤓ 990 PDF
FY2021$287K revenue · viewing · ⤓ 990 PDF
FY2020$792K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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