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Riverchase YMCA reports strong 2024 finances, outlines 2025 capital requests and revenue‑share back to city
Summary
Riverchase YMCA told the Fenton committee it is forecasting a $908,170 contribution margin for 2024, will nearly fill its capital reserve and expects to return about $438,682 to the city under the existing agreement; the YMCA also presented a 2025 capital list including a child‑watch renovation, new jungle gym and pool work.
Riverchase YMCA officials presented a 2024 financial review and a 2025 capital project list to the Fenton committee on Oct. 10, saying the branch is outperforming early projections and is on track to reduce the city subsidy more quickly than originally forecast.
Tom Verheyen, who introduced the budget materials, said the YMCA is "forecasted now ... to have a net, or what we refer to as a contribution margin of $908,170," compared with the 2024 approved budget of $591,008.59. Under the partnership agreement, Verheyen said the YMCA would first fill the city-controlled capital reserve (currently $469,195) and then split remaining profits 50/50. "Based on what our current forecasted budget is," he said, the YMCA anticipates writing a check back to the city for $438,682.
Anne Hayes, associate executive at Riverchase, reviewed membership and use statistics: "In September, we sold 133 memberships ... that brings us year to date to 2,517 units," she said, and reported 10,481 individual members and about 224,511 facility scans year-to-date. Hayes said roughly 88% of scans were from members who bought at Riverchase and estimated the facility could plateau around 3,000–3,500 household units depending on usage patterns.
The YMCA described its 2025 capital priorities to the committee, including new front-desk/lobby work, flooring replacements, a replacement jungle gym (the existing unit is more than 15 years old and cannot be patched), restroom and back-office flooring, pool repairs and an expansion/renovation of the child-watch room that would include an infant area and improved check-in/check-out security.
Committee members asked for more detail on staffing and salary breakdowns and requested a follow-up presentation with a proposed 2025 budget; Verheyen said the YMCA will return next month with that information. The committee moved to forward the YMCA capital list and the YMCA’s 2025 budget proposal for additional review at the board level; the motion carried on a voice vote.
What happens next: the YMCA will supply the requested salary and wage breakdowns and a formal 2025 budget proposal at the committee’s next meeting. The committee forwarded the YMCA capital request package to the board for further consideration.
