LONGWOOD COVERED COURTS TRUST (EIN 041554260) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

MICHAEL SHADE

Phone

6175669066

Tax Period

2024-05-01 to 2025-04-30

LONGWOOD COVERED COURTS TRUST, founded in 1975, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $346K, a strong 52% operating margin.

Mission

PROVIDE TENNIS COURT FACILITIES FOR MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,619

Program Service Revenue $634,345

Investment Income $2,994

Other Revenue $0

TOTAL REVENUE $660,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,116

Fundraising Expenses $0

Other Expenses $221,973

TOTAL EXPENSES $315,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,958	$272,214	+1.4%
Expenses	$315,089	$331,631	0.0%
Net Income	$345,869	$-59,417	-6.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$43,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL FRANKS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SHADE	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL HILL	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDREW DIMATTEO	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT PARKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIET TURNER	TRUSTEE	1.00	Director	$0	$0	$0
VICTORIA PURCELL	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH WARD	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER AHRENS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE SPEICHER	TRUSTEE	1.00	Director	$0	$0	$0
MAGNUS NICKLASSON	CLUB MANAGER	40.00	Officer	$43,479	$0	$43,479

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$660,958	$315,089	$1,200,984	$345,869
2024	$272,214	$331,631	$884,697	$-59,417
2023	$273,128	$283,127	$902,451	$-9,999
2022	$325,692	$271,389	$910,030	$54,303
2021	$233,659	$237,663	$864,632	$-4,004
2020	$251,351	$247,872	$846,659	$3,479
2019	$252,585	$234,192	$842,060	$18,393

LONGWOOD COVERED COURTS TRUST