PORT WASHINGTON TENNIS ACADEMY (EIN 112112356) - 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

1966

Legal Domicile

Principal Officer

MARTIN ZAUSNER

Tax Period

2023-01-01 to 2023-12-31

PORT WASHINGTON TENNIS ACADEMY, founded in 1966, is a community nonprofit in the Recreation & Sports sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 163% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 80% operating margin.

Mission

TO PROVIDE STUDENTS/MEMBERS TENNIS LESSONS, PROGRAMS, SCHOLARSHIPS, MENTORSHIP AND EDUCATION TO PREPARE FOR COLLEGE AND PROFESSIONAL LIFE IN TENNIS OR OTHER ENDEAVORS. THE ORGANIZATION CEASED OPERATING THE TENNIS FACILITY EFFECTIVE MARCH 7, 2023.

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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 (2023)

Revenue Breakdown

Contributions & Grants $32,337

Program Service Revenue $666,411

Investment Income $3,726,736

Other Revenue $18,961

TOTAL REVENUE $4,444,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $766,167

Other Expenses $891,265

TOTAL EXPENSES $891,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,444,445	$1,691,782	+1.6%
Expenses	$891,265	$2,189,216	-0.6%
Net Income	$3,553,180	$-497,434	-8.1%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JANSEN	TREASURER	2.00	Officer Director	$0	$0	$0
FRAN RONK	SECRETARY	2.00	Officer Director	$0	$0	$0
MARTIN ZAUSNER	PRESIDENT	5.00	Officer Director	$0	$0	$0
SUSAN KOMINSKI	VICE PRESIDENT	5.00	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
2024	No data	No data	No data	No data
2023	$4,444,445	$891,265	$8,234,483	$3,553,180
2022	$1,691,782	$2,189,216	$5,260,145	$-497,434
2021	$1,557,377	$1,761,930	$5,263,201	$-204,553
2020	$1,007,980	$1,385,084	$5,452,648	$-377,104
2019	$1,617,409	$1,919,222	$5,831,169	$-301,813
2018	$1,761,132	$1,910,820	$6,127,928	$-149,688

PORT WASHINGTON TENNIS ACADEMY