Princeton Tennis Program

EIN: 226104478 501(c)(3) Recreation & Sports

Princeton, NJ

Total Revenue
$1,582,165
Total Expenses
$1,503,079
Total Assets
$2,817,759
Net Assets
$2,253,578
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
NJ
Principal Officer
Ted Golfinopoulos
Phone
6095200015
Tax Period
2024-04-01 to 2025-03-31

Princeton Tennis Program, founded in 1954, is a community nonprofit in the Recreation & Sports sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.5M left a modest 5% surplus.

Mission

To provide top quality and affordable tennis for all ages and levels by bringing the great game of tennis to all while pursuing a standard of excellence in teaching that encourages the development of health, character, good sportsmanship and responsible citizenship.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,053
Program Service Revenue $1,538,453
Investment Income $28,248
Other Revenue $411
TOTAL REVENUE $1,582,165

Expense Breakdown

Grants Paid $1,500
Salaries & Benefits $880,231
Fundraising Expenses $13,392
Program Expenses $1,309,748
Other Expenses $621,348
TOTAL EXPENSES $1,503,079

Year-over-Year Comparison

2024 2023 Change
Revenue $1,582,165 $1,669,813 -0.1%
Expenses $1,503,079 $1,716,951 -0.1%
Net Income $79,086 $-47,138 -2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
46
Volunteers
20

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
5
$47,520
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gwen Guidice Executive Dir. 40.00
Officer
$47,520 $0 $47,520
Pamela Hughes Trustee 5.00
Director
$0 $0 $0
Barry Szaferman Vice Chair 5.00
Officer Director
$0 $0 $0
Jack Roberts Trustee 5.00
Director
$0 $0 $0
Ernie Cerino Secretary 5.00
Officer Director
$0 $0 $0
Marie Carusone Trustee 5.00
Director
$0 $0 $0
Maria Mastroianni Trustee 5.00
Director
$0 $0 $0
Dan McGrath Treasurer 5.00
Officer Director
$0 $0 $0
Ted Golfinopoulos Chairman 5.00
Officer Director
$0 $0 $0
Satyajeet Shahade Trustee 5.00
Director
$0 $0 $0
Anthony Weigand Trustee 5.00
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 $1,582,165 $1,503,079 $2,817,759 $79,086
2024 $1,669,813 $1,716,951 $2,763,120 $-47,138
2023 $1,681,654 $1,573,576 $2,927,792 $108,078
2022 $1,612,269 $1,530,318 $2,911,658 $81,951
2021 $860,319 $1,078,396 $3,312,649 $-218,077
2020 $1,350,741 $1,628,690 $3,462,205 $-277,949
2019 $1,464,810 $1,507,096 $3,907,863 $-42,286
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