Legacy Youth Tennis And Education … - Form 990 Financial Data

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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

RONALD NANO

Phone

2154873477

Tax Period

2023-09-01 to 2024-08-31

Legacy Youth Tennis And Education Inc, founded in 1954, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

PREPARING YOUTH FOR SUCCESS THROUGH OUR INCLUSIVE COMMUNITY, USING TENNIS, EDUCATION AND CHARACTER PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $3,857,213 Revenue: $2,749,626

LEGACY YOUTH TENNIS AND EDUCATION NOW PROVIDES QUALITY TENNIS, EDUCATION, LIFE SKILLS, FITNESS AND LEADERSHIP DEVELOPMENT TO OVER 3,500 YOUNG PEOPLE IN MORE THAN 40 PUBLIC, CHARTER AND PAROCHIAL...

LEGACY YOUTH TENNIS AND EDUCATION NOW PROVIDES QUALITY TENNIS, EDUCATION, LIFE SKILLS, FITNESS AND LEADERSHIP DEVELOPMENT TO OVER 3,500 YOUNG PEOPLE IN MORE THAN 40 PUBLIC, CHARTER AND PAROCHIAL ELEMENTARY AND MIDDLE SCHOOLS AND RECREATION CENTERS IN NEIGHBORHOOD SITES THROUGHOUT GREATER PHILADELPHIA AND AT OUR CENTER IN EAST FALLS. WE PROVIDE QUALIFIED INSTRUCTORS, SPORTS EQUIPMENT, AND POSITIVE OPPORTUNITIES TO MORE CHILDREN AND YOUTH, MOST OF WHOM PARTICIPATE AT LITTLE OR NO COST THROUGH OUR INDOOR AFTERSCHOOL AND COMMUNITY PROGRAMS AND THE NATIONAL JUNIOR TENNIS AND LEARNING'S (NJTL) OUTDOOR SUMMER PROGRAM. USING TENNIS AS THE PRIMARY MOTIVATOR, THE PROGRAMS TEACH POSITIVE, REWARDING LESSONS, BUILD CONFIDENCE, AND PROVIDE A FRAMEWORK OF PERSONAL DISCIPLINE.

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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 $1,921,161

Program Service Revenue $2,749,626

Investment Income $149,100

Other Revenue $14,127

TOTAL REVENUE $4,834,014

Expense Breakdown

Grants Paid $20,246

Salaries & Benefits $3,794,050

Fundraising Expenses $284,916

Program Expenses $3,857,213

Other Expenses $1,331,478

TOTAL EXPENSES $5,145,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,834,014	$5,453,312	-0.1%
Expenses	$5,145,774	$4,727,084	+0.1%
Net Income	$-311,760	$726,228	-1.4%

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

205

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

$287,658

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ronald nano	president and ceo	40.0	Officer	$286,126	$1,532	$287,658
sanjin kunovac	vp of tennis and business DEV.	40.0	Highest	$190,294	$5,184	$195,478
kathrin sorokko	SENIOR DIRECTOR operations	40.0	Highest	$164,384	$283	$164,667
Christian Atienza	Associate Director Adult Tenni	40.0	Highest	$146,963	$0	$146,963
jonathan spergel esq	Chair of the board	5.0	Officer Director	$0	$0	$0
evan booker	Vice Chairman	5.0	Officer Director	$0	$0	$0
ALAN LINDY	DIRECTOR	2.0	Director	$0	$0	$0
JAMES SHINEHOUSE	BOARD TREASURER	5.0	Officer Director	$0	$0	$0
David Broida	director	2.0	Director	$0	$0	$0
HEATHER Palmer	chair of development commiTTEE	2.0	Director	$0	$0	$0
Maria McGarry	Chair of Program Committee	2.0	Director	$0	$0	$0
NED RAHN	SECREtary and Legal Council	5.0	Officer Director	$0	$0	$0
alexander hamilton	Director	2.0	Director	$0	$0	$0
Steven C Savran	Director	2.0	Director	$0	$0	$0
Bruce Ficken	Director	2.0	Director	$0	$0	$0
henry Stursberg	Director	2.0	Director	$0	$0	$0
lee RUDY	Chair of Governance	2.0	Director	$0	$0	$0
mary ellen Krober esq	DIRECTOR	2.0	Director	$0	$0	$0
petER ZILPER	Director	2.0	Director	$0	$0	$0
erica guers	Director	2.0	Director	$0	$0	$0
abraham munabi md	director	2.0	Director	$0	$0	$0
Sanja Whitman	DIRECTOR	2.0	Director	$0	$0	$0
Nicholas Feden	DIRECTOR	2.0	Director	$0	$0	$0
Baba Taiye Renfrow	DIRECTOR	2.0	Director	$0	$0	$0
JESSE PAER	DIRECTOR	2.0	Director	$0	$0	$0
KLAIR FITZPATRICK ESQ	DIRECTOR	2.0	Director	$0	$0	$0
MARK KORMAN	DIRECTOR	2.0	Director	$0	$0	$0
JIM KAUFMAN	DIRECTOR	2.0	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	$4,834,014	$5,145,774	$9,514,982	$-311,760
2023	$5,453,312	$4,727,084	$9,446,511	$726,228
2022	$3,518,649	$3,881,403	$9,703,748	$-362,754
2022	$3,518,649	$3,881,403	$9,703,748	$-362,754
2021	$3,452,164	$3,357,738	$10,141,229	$94,426
2020	$2,739,057	$3,042,086	$9,781,965	$-303,029
2019	$2,657,616	$3,112,946	$9,790,303	$-455,330
2018	$1,978,559	$2,524,434	$10,178,456	$-545,875

Legacy Youth Tennis And Education Inc