CHICAGO PLATFORM TENNIS TOURNAMENT CHARITIES INC (EIN 204004841) - 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

PETER KIP READ JR

Phone

3125934795

Tax Period

2022-07-01 to 2023-06-30

CHICAGO PLATFORM TENNIS TOURNAMENT CHARITIES INC, founded in 2005, is a small nonprofit in the Recreation & Sports sector that reported $506K in total revenue in fiscal year 2022. Revenue surged 147% from the prior year, signaling strong growth momentum. Expenses of $447K left a modest 12% surplus.

Mission

TO PROVIDE DONATIONS TO UNRELATED CHARITABLE ORGANIZATIONS AND TO PROMOTE THE SPORT OF PLATFORM TENNIS TO STUDENT-AGED ATHLETES

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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 (2022)

Revenue Breakdown

Contributions & Grants $240,100

Program Service Revenue $262,961

Investment Income $184

Other Revenue $2,810

TOTAL REVENUE $506,055

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $446,947

Other Expenses $442,947

TOTAL EXPENSES $446,947

Year-over-Year Comparison

	2022	2021	Change
Revenue	$506,055	$204,625	+1.5%
Expenses	$446,947	$180,831	+1.5%
Net Income	$59,108	$23,794	+1.5%

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

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

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
ALAN GRAHAM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KIP READ	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN NOBLE	SECRETARY	1.00	Officer Director	$0	$0	$0
JIM INGLE	DIRECTOR	1.00	Director	$0	$0	$0
PETER BERKA	DIRECTOR	1.00	Director	$0	$0	$0
BILL O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
BEN MCKNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK LEYDON	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$506,055	$446,947	$117,604	$59,108
2022	$204,625	$180,831	$58,496	$23,794
2021	$55,166	$50,362	$34,702	$4,804
2020	$169,479	$170,765	$29,898	$-1,286
2019	$173,588	$188,999	$31,184	$-15,411
2018	$395,621	$384,633	$46,595	$10,988

CHICAGO PLATFORM TENNIS TOURNAMENT CHARITIES INC