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YMCA Tax and Budget Info editorial (part 1)

The YMCA of Greater Kansas City is closing the Raytown branch today. The stated reason is that this branch is losing money.  The  residents and government of Raytown have donated land and money to the building and operation of this facility. The stated goal of this non-profit organization is “The YMCA of Greater Kansas City, founded on Christian principles, is a charitable organization with an inclusive environment committed to enriching the quality of family, spiritual, social, mental and physical well-being“,  not turning a profit.  RaytownOnline.com feels a duty to examine this situation in detail. 

It is interesting to note that the YMCA of Greater Kansas City reports about $8 Million in stocks and bonds on their federal forms.

The YMCA Federal 990 form from 2011 ymca 990 from 2011

The YMCA Federal 990 form from 2010 ymca 990 from 2009

The YMCA Federal 990 form from 2010 ymca 990 from 2010

It is also interesting to note that the YMCA is the 2nd highest beneficiary of funding from United Way of Greater Kansas City, receiving about $1 Million a year for various programs.

The United Way Federal 990 form from 2011 unitedway2011-990

The United Way Federal 990 form from 2010 unitedway2010-990

The YMCA of Greater Kansas City budget is below.  Note that, while they got over a million dollars last year from the United Way, they only credited $2,500–less than 1 percent–  of that Million to the Raytown Branch. 

 The YMCA also receives income for providing services to policy holders of multiple health insurance companies and organizations.  It is not known if the income credited to the Raytown YMCA reflects the members and policy holders that use the YMCA. Does the YMCA organization plan to  keep this income with the rationale that the remaining Raytown members will now go to 70th and Troost?

It is also interesting that the loss projected for 2013 appears to be equal to items tacked on the bottom that are at best arbitrary and debatable.  These questionable items are things an organization doing well would like to put in the budget like building capital reserve, or items that probably will not go away like associated overhead.  (Read Raytown’s share of the CEO’s salary and other expenses that will not be reduced by the closing).

The YMCA’s own budget shows an operation that is almost breaking even if  management did not charge off building reserve funds, finance costs in lieu of sale (whatever that means, but the lending company is going to love the probable short sale), home office operations and reserve (which will continue after the closing), travel and conferences (did local Y personal get to go or is this just our “share” of the CEO’s expenses?) and other line items that require a more detailed explanation. If one were to add into the income a reasonable share of the funds the YMCA receives from other sources like the United Way and other organizations and businesses, this YMCA would be in the black. 

The major portion of the projected deferred maintenance risk comes from bad decisions on the construction of the roof and HVAC (heat and air) made by the highly paid top management of the organization. This is not something anyone in Raytown had control over and should be born by the organization as a whole and not charged off against this particular facility. This number is reported by the YMCA to come from their facility management partner, Copaken Brooks.  If they are using a management partner, what does David Byrd do to earn his much higher than average $277,000 a year compensation package? 

One thing is clear, if Raytown is only getting $2,500 credited from local contributions to the United Way, we need to make sure none of our contributions in the future end up in the hands of the YMCA and monitor the numbers in the future to make sure that there is a proportional drop in what the YMCA receives from the United Way. Independence residents should be advised to take the same course of action along with all of the Kansas City resident that used Raytown or the Independence facilities. 

 YMCA Budget

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