Cash crisis

Darrell
Darrell Cole
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YMCA facing$200,000 debt

Officials with the Cumberland YMCA are taking some drastic measures to deal with a $200,000 debt and keep the facility operating.

Cash crisis

Officials with the Cumberland YMCA are taking some drastic measures to deal with a $200,000 debt and keep the facility operating.

"We are going to make a lot of changes and we're going to succeed in our mission to keep the YMCA open and surviving," board chair Bob Nixon said Monday. "We are in the process of changing the way we operate. It's going to be drastic change and it's going to be healthy change."

The YMCA's board of directors has been coming to terms with the organization's financial situation since last October when it had difficulty meeting its payroll obligations.

Along with ending its relationship with former CEO Duncan Dixon, the board determined the facility was barely surviving and that programs and services were failing to generate adequate revenues.

While not wanting to downplay the seriousness of the situation, both Nixon and acting CEO Divya Minocha said the Y's financial troubles have given the board an opportunity to change its direction.

Minocha said the board is 75 per cent of the way through a new strategic plan that includes developing a new human resources plan that establishes a management agreement with the Pictou YMCA.

It's also working on a sustainable financial plan as well as a marketing and communications plan and a capital plan that will see the YMCA revamp the gym floor, renovate the locker rooms, upgrade the heating ventilation and air conditioning systems and replace the roof.

As well, YMCA Canada is sending down an evaluation team to look at staffing, programs and services and how the building is used as well as how the organization raises funds.

This is not the first time the YMCA has found itself in financial trouble. The building, that first opened in 1989, was closed for 18 months in the mid-1990s after running into serious financial difficulties.



dcole@amherstdaily.com

Organizations: YMCA

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