Princeton Tennis Program

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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

1954

Legal Domicile

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

The Princeton Tennis Program (PTP) is a nonprofit, year-round community tennis association serving youth and adults of the greater central New Jersey region. PTPs mission is growing the game of tennis by offering high quality group instruction and programs without regard to age, abilities, skill level or financial means. PTP is dedicated to serving players who might not otherwise participate in tennis, and to pursuing a standard of excellence in teaching and education that encourages the development of health, character, good sportsmanship and responsible citizenship.

Program Service Accomplishments

Program 1

Expenses: $1,309,748 Revenue: $1,538,453

PTP provides top quality and affordable tennis for all ages and levels. PTPs mission is to bring the great game of tennis to all while pursuing a standard of excellence in teaching that encourages...

PTP provides top quality and affordable tennis for all ages and levels. PTPs mission is to bring 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. This is done in many ways, including but not limited to scholarships and financial aid awarded to children that could otherwise not afford to play tennis, and we strive to expand these offerings. In addition to the youth offerings, PTP Discount Senior Programs have subsidized lessons and programs for area seniors. These specialized programs are designed to promote health, fun, meeting new people and well-being. PTP strives to bring tennis to all.

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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 (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

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

$47,520

Total Directors

Key Employees

Highest Compensated

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