Florida Tennis Foundation

EIN: 050588900 501(c)(3) Recreation & Sports

Mooresville, NC

Total Revenue
$13,993
Total Expenses
$22,759
Total Assets
N/A
Net Assets
N/A
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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
2003
Legal Domicile
FL
Principal Officer
Earl H Buchholz III
Phone
9546126787
Tax Period
2020-01-01 to 2020-12-31

Florida Tennis Foundation, founded in 2003, is a micro nonprofit in the Recreation & Sports sector that reported $14K in total revenue in fiscal year 2020. Expenses of $23K exceeded revenue, resulting in a 63% operating deficit.

Mission

To provide world-class tennis opportunities to deserving young people.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $13,993
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,792
Fundraising Expenses $0
Program Expenses $22,759
Other Expenses $4,967
TOTAL EXPENSES $22,759

Year-over-Year Comparison

2020 2019 Change
Revenue $13,993 N/A N/A
Expenses $22,759 $97,800 -0.8%
Net Income $-8,766 $-97,800 -0.9%
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

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Governance

Voting Members
2
Independent Members
2
Employees
1
Volunteers
N/A

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
2
$16,528
Total Directors
2
$16,528
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Earl H Buchholz III Director, President & Trea 1.00
Officer Director
$16,528 $0 $16,528
JWilliam Strickland Director & Secretary 0.00
Officer Director
$0 $0 $0
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
2020 $13,993 $22,759 No data $-8,766
2019 No data $97,800 $9,442 No data
2018 $1,697 $140,634 $106,566 $-138,937
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