National Tennis Foundation Inc (EIN 264258289) - 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

2009

Legal Domicile

Principal Officer

Steve Gareleck

Phone

6784725887

Tax Period

2024-01-01 to 2024-12-31

National Tennis Foundation Inc, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $324K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $605K exceeded revenue, resulting in a 87% operating deficit.

Mission

The National Tennis Foundations Mission is to identify children with economic need regardless of race or economic means, using sport, academic, or mental support programs to give children in need a positive, impactful and nurturing environment which will lead to growth and success.

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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 $323,527

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,527

Expense Breakdown

Grants Paid $554,191

Salaries & Benefits $34,369

Fundraising Expenses $50,731

Program Expenses $554,191

Other Expenses $16,362

TOTAL EXPENSES $604,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$323,527	$293,767	+0.1%
Expenses	$604,922	$317,806	+0.9%
Net Income	$-281,395	$-24,039	+10.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Gareleck	Chairman	5.00	Director	$0	$0	$0
Jay Bailey	Vice Chairman	1.00	Director	$0	$0	$0
Robert Celona	Secretary	1.00	Director	$0	$0	$0
Trevor Short	Director	10.00	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	$323,527	$604,922	$103,912	$-281,395
2023	$293,767	$317,806	$375,818	$-24,039
2022	$228,202	$301,358	$407,111	$-73,156
2021	$251,818	$251,728	$483,624	$90
2020	$406,135	$1,115,018	$344,505	$-708,883
2019	$1,681,138	$1,401,706	$1,724,644	$279,432
2018	$787,461	$742,700	$568,311	$44,761

National Tennis Foundation Inc