Grays Harbor Ymca Endowment Management Association

Grays Harbor YMCA Endowment Management Association reports negative revenue in 2023 despite substantial assets.

EIN: 201383029 · Hoquiam, WA · NTEE: T30 · Updated: 2026-03-28

$229KRevenue

$2.6MAssets

65/100Mission Score (Good)

T30

About Grays Harbor Ymca Endowment Management Association

Grays Harbor Ymca Endowment Management Association (EIN: 201383029) is a nonprofit organization based in Hoquiam, WA, classified under NTEE code T30. The organization reported total revenue of $229K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grays Harbor Ymca Endowment Management Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Grays Harbor YMCA Endowment Management Association primarily functions as an endowment management entity, as indicated by its NTEE code T30 (Endowment/Foundation Management). Its financial health appears stable with significant assets totaling $2,617,213, suggesting a long-term investment strategy. However, the organization experienced negative revenue of $-45,168 in 2023, alongside expenses of $82,715, which is a concerning short-term trend. This negative revenue could be due to investment losses or specific accounting adjustments, warranting further investigation into its investment performance and operational costs.

Spending efficiency is difficult to fully assess without a detailed breakdown of program vs. administrative expenses, as the provided data only shows total expenses. Given its role as an endowment manager, a significant portion of its expenses might be related to investment management fees or administrative overhead necessary to manage its substantial assets. The consistent reporting of 0% officer compensation across all filings indicates a high level of transparency regarding executive pay, suggesting that the organization is likely volunteer-led or compensates its leadership through other means not classified as officer compensation on the 990.

Overall, while the organization maintains a strong asset base, the recent negative revenue in 2023 and the lack of detailed expense allocation make a definitive judgment on spending efficiency challenging. Its consistent reporting of zero officer compensation is a positive indicator of transparency in that specific area.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Grays Harbor Ymca Endowment Management Association with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 100%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Grays Harbor Ymca Endowment Management Association allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through mechanisms not categorized as officer compensation on the IRS 990, which suggests a lean operational structure in terms of direct leadership salaries.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Grays Harbor Ymca Endowment Management Association's IRS 990 filings:

Negative revenue in 2023 ($-45,168) indicates potential investment losses or significant financial adjustments.
Lack of detailed expense breakdown makes it difficult to assess spending efficiency and program allocation.

Strengths

The following positive indicators were identified for Grays Harbor Ymca Endowment Management Association:

Substantial asset base ($2,617,213) provides long-term financial stability.
Consistent reporting of 0% officer compensation indicates transparency regarding executive pay and potentially low leadership overhead.
No reported liabilities across all filings, suggesting strong financial management and solvency.

Frequently Asked Questions about Grays Harbor Ymca Endowment Management Association

What caused the negative revenue of $-45,168 in 2023?

The provided data does not specify the cause, but negative revenue for an endowment management association often stems from investment losses or significant accounting adjustments rather than a lack of incoming funds from typical operations.

How does the organization allocate its expenses between investment management and general administration?

The provided IRS 990 data only lists total expenses, making it impossible to determine the specific breakdown between investment management fees, administrative costs, or any potential program-related spending.

Is the organization primarily volunteer-run given the 0% officer compensation?

The consistent reporting of 0% officer compensation strongly suggests that the organization's leadership may be entirely volunteer-based or compensated in ways not reported as officer compensation on the 990, indicating a potentially low overhead for leadership salaries.

What is the purpose of the Grays Harbor YMCA Endowment Management Association?

As an endowment management association (NTEE T30), its primary purpose is likely to manage and grow an endowment fund to provide long-term financial support for the Grays Harbor YMCA, rather than directly running programs itself.

Filing History

IRS 990 filing history for Grays Harbor Ymca Endowment Management Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Grays Harbor Ymca Endowment Management Association's revenue has declined by 260.6%, moving from $28K to $-45,168. Total assets increased by 187.2% over the same period, from $861K to $2.5M. Total functional expenses rose by 112.2%, from $39K to $83K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$-45,168	$83K	$2.5M	$0	—	—
2022	$128K	$156K	$2.1M	$0	—	View 990
2021	$233K	$18K	$3.0M	$0	—	View 990
2020	$174K	$72K	$2.7M	$0	—	View 990
2019	$305K	$117K	$2.2M	$0	—	View 990
2018	$246K	$84K	$1.9M	$0	—	View 990
2017	$211K	$29K	$2.1M	$0	—	View 990
2016	$154K	$70K	$1.7M	$0	—	View 990
2015	$186K	$43K	$1.5M	$0	—	View 990
2014	$197K	$47K	$1.5M	$0	—	View 990
2013	$271K	$52K	$1.4M	$0	—	View 990
2012	$174K	$39K	$1.0M	$0	—	View 990
2011	$28K	$39K	$861K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $-45,168, expenses of $83K, and assets of $2.5M (revenue -135.3% year-over-year).
2022: Revenue of $128K, expenses of $156K, and assets of $2.1M (revenue -45.1% year-over-year).
2021: Revenue of $233K, expenses of $18K, and assets of $3.0M (revenue +33.8% year-over-year).
2020: Revenue of $174K, expenses of $72K, and assets of $2.7M (revenue -43.0% year-over-year).
2019: Revenue of $305K, expenses of $117K, and assets of $2.2M (revenue +24.0% year-over-year).
2018: Revenue of $246K, expenses of $84K, and assets of $1.9M (revenue +16.6% year-over-year).
2017: Revenue of $211K, expenses of $29K, and assets of $2.1M (revenue +36.9% year-over-year).
2016: Revenue of $154K, expenses of $70K, and assets of $1.7M (revenue -17.2% year-over-year).
2015: Revenue of $186K, expenses of $43K, and assets of $1.5M (revenue -5.3% year-over-year).
2014: Revenue of $197K, expenses of $47K, and assets of $1.5M (revenue -27.5% year-over-year).
2013: Revenue of $271K, expenses of $52K, and assets of $1.4M (revenue +56.2% year-over-year).
2012: Revenue of $174K, expenses of $39K, and assets of $1.0M (revenue +517.2% year-over-year).
2011: Revenue of $28K, expenses of $39K, and assets of $861K.

Data Sources and Methodology

This transparency report for Grays Harbor Ymca Endowment Management Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.