Lake Norman Tennis Association (EIN 113709384) - 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

2003

Legal Domicile

Tax Period

2025-01-01 to 2025-12-31

Lake Norman Tennis Association, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $323K in total revenue in fiscal year 2025. Expenses of $408K exceeded revenue, resulting in a 26% operating deficit.

Mission

To Provide Tennis Playing Opportunities

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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 (2025)

Revenue Breakdown

Contributions & Grants $18,491

Program Service Revenue $296,563

Investment Income $7,945

Other Revenue $0

TOTAL REVENUE $322,999

Expense Breakdown

Grants Paid $291,464

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,464

Other Expenses $116,239

TOTAL EXPENSES $407,703

Year-over-Year Comparison

	2025	2024	Change
Revenue	$322,999	$314,908	+0.0%
Expenses	$407,703	$283,124	+0.4%
Net Income	$-84,704	$31,784	-3.7%

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

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
JD Weber	President	15.00	Officer	$0	$0	$0
George Simonetti	Treasurer	15.00	Officer	$0	$0	$0
Travis Dancy	Vice President	10.00	Officer	$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
2025	$322,999	$407,703	$134,585	$-84,704
2024	$314,908	$283,124	$219,212	$31,784
2023	$275,741	$252,493	$188,445	$23,248
2022	$253,854	$244,503	$165,059	$9,351
2021	$232,138	$202,971	$156,288	$29,167

Lake Norman Tennis Association