
STRUGGLE FOR SURVIVAL: Kamloops YMCA-YWCA
KAMLOOPS — In the ninth instalment of our series Struggle For Survival, we look at the Kamloops YMCA-YWCA, an organization in the midst of significant changes due to financial challenges. In late July, the non-profit announced it would be cutting staff and shifting around programs, all to save half a million dollars a year. The changes all point to the financial strains the Y has faced in the last couple of years.
The YMCA-YWCA has been in Kamloops for more than 40 years, but it’s in a tumultuous time right now financially. It is coming off a second straight fiscal year in the red.
“We’re trending down,” said CEO of the Kamloops Y Colin Reid. “So we’re at the stage right now where we’re having to take some remedial action to change some things, so that we can bottom out and we can start to climb back.”