USTA MIDWEST TENNIS & EDUCATION FOUNDATION INC

EIN: 351875466 501(c)(3) Recreation & Sports

Indianapolis, IN

Total Revenue
$1,062,992
Total Expenses
$1,116,585
Total Assets
$4,226,162
Net Assets
$2,929,721
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
IN
Tax Period
2023-01-01 to 2023-12-31

USTA MIDWEST TENNIS & EDUCATION FOUNDATION INC, founded in 1992, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2023. Net assets of $2.9M represent 33 months of operating reserves.

Mission

The mission is currently carried out in four ways: To provide tennis opportunities to all youth from all cultural and ethnic backgrounds To promote and develop youth tennis as an enjoyable lifetime sport that contributes to good health leadership education discipline and builds self-esteem To support programs that focus on creating positive environments for at-risk youth To help youth reach their highest potential in tennis and education.

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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 (2023)

Revenue Breakdown

Contributions & Grants $558,251
Program Service Revenue $364,967
Investment Income $5,769
Other Revenue $134,005
TOTAL REVENUE $1,062,992

Expense Breakdown

Grants Paid $288,727
Salaries & Benefits $408,119
Fundraising Expenses $60,826
Program Expenses $929,620
Other Expenses $419,739
TOTAL EXPENSES $1,116,585

Year-over-Year Comparison

2023 2022 Change
Revenue $1,062,992 $1,019,540 +0.0%
Expenses $1,116,585 $876,162 +0.3%
Net Income $-53,593 $143,378 -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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
14
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joy Albi President 5.00
Officer Director
$0 $0 $0
Jorge Brioni Director 1.00
Director
$0 $0 $0
Tammy Simone Director 1.00
Director
$0 $0 $0
Timothy Ross Secretary 5.00
Officer Director
$0 $0 $0
Paul Farah Vice President 5.00
Officer Director
$0 $0 $0
Curtis Bender Director 1.00
Director
$0 $0 $0
Lynn Callahan Director 1.00
Director
$0 $0 $0
Don Harris Director 1.00
Director
$0 $0 $0
Neil Harris Director 1.00
Director
$0 $0 $0
Jim Hendrix Director 1.00
Director
$0 $0 $0
Susan Klumpner Director 1.00
Director
$0 $0 $0
Don Newport Director 1.00
Director
$0 $0 $0
Fay Peters Treasurer 5.00
Officer Director
$0 $0 $0
Todd Schorle Director 1.00
Director
$0 $0 $0
Jeff Strassen Board Member 1.00
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 No data No data No data No data
2023 $1,062,992 $1,116,585 $4,226,162 $-53,593
2022 $1,019,540 $876,162 $4,217,341 $143,378
2021 $909,522 $671,371 $4,404,952 $238,151
2020 $390,633 $593,350 $4,160,822 $-202,717
2020 $390,633 $593,350 $4,160,822 $-202,717
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