TENNIS FOR CHARITY INC

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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

1979

Legal Domicile

Principal Officer

NEAL SCHEAR

Phone

5136510303

Tax Period

2024-01-01 to 2024-12-31

TENNIS FOR CHARITY INC, founded in 1979, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 432% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 87% operating margin.

Mission

FUNDING TENNIS PROGRAMS AND PARTNERS THAT ADVANCE AND CHANGE THE LIVES OF YOUNG PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $236,487

TENNIS FOR CHARITY RAISES FUNDS TO SUPPORT TENNIS FOR INNER CITY YOUTH AND THE CINCINNATI CHILDREN'S HOSPITAL. THE TENNIS FACILITY IS MADE AVAILABLE TO OHIO HIGH SCHOOLS FOR THE OHSAA BOYS AND GIRLS DISTRICT TOURNAMENTS FOR NO PROFIT. IT IS ALSO UTILIZED BY SEVERAL COLLEGES FOR TOURNAMENTS. A MIDWEST AMATEUR TENNIS TOURNAMENT IS ALSO HELD AT THE FACILITY.

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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 $256,650

Program Service Revenue $0

Investment Income $2,921,548

Other Revenue $-450,499

TOTAL REVENUE $2,727,699

Expense Breakdown

Grants Paid $153,989

Salaries & Benefits $0

Fundraising Expenses $7,477

Program Expenses $236,487

Other Expenses $211,059

TOTAL EXPENSES $365,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,727,699	$512,359	+4.3%
Expenses	$365,048	$446,842	-0.2%
Net Income	$2,362,651	$65,517	+35.1%

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
AL KONCIUS	TRUSTEE	1.00	Director	$0	$0	$0
ALVIN CRAWFORD MD	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD FRIEDMAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE DESSNER	TRUSTEE	1.00	Director	$0	$0	$0
NEAL SCHEAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN KEATING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOUG ROBERTS	SECRETARY	1.00	Officer Director	$0	$0	$0
ELAINE BRUENING	VICE PRESIDENT & TREASURER	1.00	Officer 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	$2,727,699	$365,048	$15,680,441	$2,362,651
2023	$512,359	$446,842	$17,632,446	$65,517
2022	$586,075	$437,101	$17,726,754	$148,974
2021	$573,107	$310,963	$18,513,895	$262,144
2020	$1,142,179	$796,134	$18,299,581	$346,045
2019	$1,114,727	$1,226,598	$18,378,768	$-111,871
2018	$1,272,547	$1,034,383	$18,357,289	$238,164