RALEIGH TENNIS ASSOCIATION (EIN 202930399) - 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

2005

Legal Domicile

Principal Officer

TERRY PERRONE

Phone

6037671006

Tax Period

2023-01-01 to 2023-12-31

RALEIGH TENNIS ASSOCIATION, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $464K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 26% operating margin.

Mission

RALEIGH TENNIS ASSOCIATION'S MISSION IS TO PROMOTE AND GROW THE GAME OF TENNIS IN THE RALEIGH, NORTH CAROLINA AREA AS A MEANS OF HEALTHY RECREATIONAL ACTIVITY AND PHYSICAL FITNESS; TO FOSTER A LIFETIME LOVE OF THE GAME OF TENNIS AND TO DO SO IN A DIVERSE, INCLUSIVE ENVIRONMENT FOR EVERYONE; TO ADMINISTER AND/OR OPERATE TENNIS PROGRAMS, ACTIVITIES, AND EVENTS IN THE CITY OF RALEIGH; TO REPRESENT RALEIGH AS A COMMUNITY TENNIS ASSOCIATION (CTA) AND MEMBER OF THE USTA NC; AND TO ENGAGE IN ANY OTHER LAWFUL ACTIVITY AUTHORIZED BY THE ARTICLES OF INCORPORATION OF THE CORPORATION.

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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 $93,472

Program Service Revenue $365,155

Investment Income $187

Other Revenue $4,800

TOTAL REVENUE $463,614

Expense Breakdown

Grants Paid $33,449

Salaries & Benefits $171,077

Fundraising Expenses $0

Program Expenses $136,811

Other Expenses $138,074

TOTAL EXPENSES $342,600

Year-over-Year Comparison

	2023	2022	Change
Revenue	$463,614	$400,111	+0.2%
Expenses	$342,600	$352,714	0.0%
Net Income	$121,014	$47,397	+1.6%

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

Volunteers

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

$48,154

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY ROBERTS	EXECUTIVE DI	40.00	Officer	$41,818	$0	$41,818
JULIE DICK	EXECUTIVE DI	40.00	Officer	$6,336	$0	$6,336
ALLAN BADULIS	DIRECTOR	2.00	Director	$0	$0	$0
BETH BEAM	DIRECTOR	3.00	Director	$0	$0	$0
DAFNIE DRISCOLL	TREASURER	20.00	Director	$0	$0	$0
FAYE HOOKER	DIRECTOR	2.00	Director	$0	$0	$0
KATIE KING	DIRECTOR	2.00	Director	$0	$0	$0
SHANNON LITTLETON	DIRECTOR	2.00	Director	$0	$0	$0
ASHLEY MCRAE	DIRECTOR	4.00	Director	$0	$0	$0
ALEJANDRO PASCACIO	DIRECTOR	2.00	Director	$0	$0	$0
TERRY PERRONE	VICE PRESIDE	10.00	Director	$0	$0	$0
RONETTA TODD	SECRETARY	5.00	Director	$0	$0	$0
KIRK WROBLEWSKI	PRESIDENT	8.00	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	$463,614	$342,600	$506,685	$121,014
2022	$400,111	$352,714	$390,226	$47,397
2021	$312,698	$264,180	$335,943	$48,518
2019	$280,463	$235,206	$317,472	$45,257
2018	$266,202	$210,334	$304,191	$55,868

RALEIGH TENNIS ASSOCIATION