USTA NATIONAL TENNIS CENTER INCORPORATED

EIN: 132946690 501(c)(3) Recreation & Sports

Purchase, NY

Total Revenue
$140,796,770
Total Expenses
$130,127,873
Total Assets
$631,896,351
Net Assets
$-114,837,204
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
LEWIS SHERR
Phone
9146967000
Tax Period
2023-01-01 to 2023-12-31

USTA NATIONAL TENNIS CENTER INCORPORATED, founded in 1978, is a major nonprofit in the Recreation & Sports sector that reported $140.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $130.1M left a modest 8% surplus.

Mission

TO PROMOTE AND DEVELOP THE GAME OF TENNIS AS A MEANS TO HEALTHFUL RECREATION AND PHYSICAL FITNESS AND TO OPERATE A YEAR-ROUND PUBLIC RECREATIONAL FACILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $130,931,680
Investment Income $9,563,134
Other Revenue $301,956
TOTAL REVENUE $140,796,770

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,061,502
Fundraising Expenses $0
Program Expenses $129,228,526
Other Expenses $115,066,371
TOTAL EXPENSES $130,127,873

Year-over-Year Comparison

2023 2022 Change
Revenue $140,796,770 $124,437,842 +0.1%
Expenses $130,127,873 $128,747,640 +0.0%
Net Income $10,668,897 $-4,309,798 -3.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
14
Employees
1660
Volunteers
14

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
8
$2,749,740
Total Directors
15
$212,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEWIS SHERR CEO & EXECUTIVE DIRECTOR 10.0
Officer
$0 $65,325 $1,554,825
Daniel Zausner VP, CHIEF OPERATING OFFICER 40.0
Officer
$1,044,151 $40,764 $1,084,915
Charles Jettmar MD, CAPITAL PROJ. & ENGINEER. 40.0
Highest
$310,293 $42,190 $352,483
Adam Sinclair SR. DIR., FACILITY OPERATIONS 40.0
Highest
$244,738 $48,238 $292,976
Christopher Studley SR. DIRECTOR, EVENT SERVICES 40.0
Highest
$261,690 $27,936 $289,626
Monica Harrigan SR. DIR., TICKET OPERATIONS 40.0
Highest
$240,535 $46,768 $287,303
JOHN DALE EVANS JR DIRECTOR OF TENNIS OPERATIONS 40.0
Highest
$201,873 $16,821 $218,694
Dr Brian Hainline CHAIRMAN & PRESIDENT 4.0
Officer Director
$0 $0 $35,000
Brian Vahaly FIRST VICE PRESIDENT 3.0
Officer Director
$0 $0 $25,000
Megan Moulton-Levy Director 2.0
Director
$0 $0 $22,400
Laura F Canfield Vice President 3.0
Officer Director
$0 $0 $20,000
Kathleen Francis Vice President 3.0
Officer Director
$0 $0 $20,000
Michael McNulty III IMMEDIATE PAST PRESIDENT 2.0
Officer Director
$0 $0 $10,000
Violet Clark DIRECTOR 2.0
Director
$0 $0 $10,000
Jeffrey Baill Director 2.0
Director
$0 $0 $10,000
Liezel H Huber Director 2.0
Director
$0 $0 $10,000
Vania King Director 2.0
Director
$0 $0 $10,000
Emily S Schaefer Director 2.0
Director
$0 $0 $10,000
MAGGIE CHAN JONES DIRECTOR 2.0
Director
$0 $0 $10,000
BILL MCGUGIN DIRECTOR 2.0
Director
$0 $0 $10,000
Bobby Sharma Director 2.0
Director
$0 $0 $10,000
J Christopher Lewis secretary & treasurer 3.0
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 $140,796,770 $130,127,873 $631,896,351 $10,668,897
2022 $124,437,842 $128,747,640 $645,440,262 $-4,309,798
2021 $101,301,165 $120,878,791 $677,259,394 $-19,577,626
2020 $6,638,673 $105,239,439 $724,816,653 $-98,600,766
2019 $110,624,552 $138,460,381 $756,531,926 $-27,835,829
2018 $94,294,533 $119,206,987 $819,930,011 $-24,912,454
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