Is Rockland County Ymca Legit?

The Rockland County YMCA demonstrates a generally stable financial trajectory, with recent years showing consistent revenue growth from $3,005,611 in 2020 to $5,291,973 in 2023. This growth has outpaced expenses, leading to positive net assets. The organization's assets have also steadily increased, nearly doubling from $2,740,146 in 2020 to $5,376,354 in 2023, indicating financial strengthening. Their liabilities have remained relatively stable, suggesting responsible debt management. Regarding spending efficiency, the available data indicates that the organization has consistently managed its expenses below its revenue in recent years, particularly from 2021 to 2023. This suggests effective cost control and a healthy operating margin. The absence of reported officer compensation across all available filings is a notable aspect of their transparency, indicating either a volunteer-led executive structure or compensation reported under other categories, which warrants further investigation for complete understanding. Overall, the Rockland County YMCA appears to be in a sound financial position, marked by growth in revenue and assets, and controlled expenses. The lack of reported officer compensation is a positive indicator for transparency, though a detailed breakdown of program, administrative, and fundraising expenses would provide a more granular view of their spending efficiency.