MOBILE AREA TENNIS ASSOCIATION INC

EIN: 200116253 Recreation & Sports

MOBILE, AL

Total Revenue
$758,303
Total Expenses
$782,348
Total Assets
$137,897
Net Assets
$131,113
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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
2023
Principal Officer
LORRAINE NOVAK
Phone
2513422624
Tax Period
2023-10-01 to 2024-09-30

MOBILE AREA TENNIS ASSOCIATION INC, founded in 2023, is a small nonprofit in the Recreation & Sports sector that reported $758K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO ORGANIZE, HOST AND RUN TENNIS TOURNAMENTS, AND TO PROVIDE TENNIS INSTRUCTION FOR THE YOUTH AND ADULT CITIZENS OF THE CITY OF MOBILE, MOBILE COUNTY AND ADJACENT COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $763,583

ORGANIZED, HOSTED AND RAN OVER 50 TENNIS TOURNAMENTS FOR THE CITY OF MOBILE, MOBILE COUNTY AND RESIDENTS OF SOUTH ALABAMA.

Program 2
Expenses: $1,618

RAN A TENNIS PROGRAM FOR BEGINNER TENNIS STUDENTS UNDER THE AGE OF 10 THAT FEATURES SMALLER TENNIS COURTS TO ALLOW QUICKER LEARNING OF THE GAME OF TENNIS.

Program 3
Expenses: $3,455

ORGANIZED AND PROVIDED TENNIS INSTRUCTION (GROUP AND PRIVATE TENNIS LESSONS) FOR THE STUDENTS AND CITIZENS OF THE CITY OF MOBILE, COUNTY OF MOBILE AND ADJACENT COUNTIES.

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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 $489,190
Program Service Revenue $268,753
Investment Income $0
Other Revenue $360
TOTAL REVENUE $758,303

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,498
Fundraising Expenses $0
Program Expenses $768,656
Other Expenses $727,850
TOTAL EXPENSES $782,348

Year-over-Year Comparison

2023 2022 Change
Revenue $758,303 $654,354 +0.2%
Expenses $782,348 $623,158 +0.3%
Net Income $-24,045 $31,196 -1.8%
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

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Governance

Voting Members
3
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
3
$49,200
Total Directors
2
$49,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORRAINE NOVAK EXEC DIRECTO 40.00
Officer Director
$49,200 $0 $49,200
JOHN R PEAVY DIRECTOR/VIC 1.00
Officer Director
$0 $0 $0
TERRY JONES DIRECTOR 0.50
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 No data No data No data No data
2024 $758,303 $782,348 $137,897 $-24,045
2023 $654,354 $623,158 $167,611 $31,196
2022 $571,846 $629,386 $133,657 $-57,540
2021 $745,892 $671,570 $185,791 $74,322
2020 $602,655 $520,303 $107,911 $82,352
2019 $806,369 $811,843 $31,092 $-5,474
2018 $832,780 $875,984 $36,622 $-43,204
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