FRED WELLS TENNIS AND EDUCATION CENTER INC

EIN: 411965977 501(c)(3) Recreation & Sports

SAINT PAUL, MN

Total Revenue
$3,322,465
Total Expenses
$3,101,666
Total Assets
$4,645,744
Net Assets
$4,307,333
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
MN
Principal Officer
ANDREA BOADO
Phone
6122528367
Tax Period
2024-01-01 to 2024-12-31

FRED WELLS TENNIS AND EDUCATION CENTER INC, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $3.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.1M left a modest 7% surplus.

Mission

TO BRING PEOPLE TOGETHER OF ALL AGES, ABILITIES AND BACKGROUNDS TO EMBRACE THE LIFELONG GAME OF TENNIS WHILE SERVING UNDER-RESOURCED YOUTH WITH THE SUPPORT OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $779,323

TENNISWORKS: OUR FREE TENNISWORKS YOUTH DEVELOPMENT PROGRAMS ADVANCE THE PHYSICAL, MENTAL, SOCIAL, AND EMOTIONAL WELL-BEING OF YOUTH WHO HAVE LESS ACCESS TO RESOURCES THROUGH SUPPORTIVE RELATIONSHIPS...

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TENNISWORKS: OUR FREE TENNISWORKS YOUTH DEVELOPMENT PROGRAMS ADVANCE THE PHYSICAL, MENTAL, SOCIAL, AND EMOTIONAL WELL-BEING OF YOUTH WHO HAVE LESS ACCESS TO RESOURCES THROUGH SUPPORTIVE RELATIONSHIPS AND ON- AND OFF-COURT EXPERIENCES. FULL-TIME EXPERIENCED STAFF ENGAGE YOUTH THROUGH SCHOOL AND COMMUNITY PARTNERSHIPS AS WELL AS INDEPENDENTLY RUN LEADERSHIP PROGRAMMING, TENNIS PLAY OPPORTUNITIES, AND CAMPS. IN 2024, THERE WERE 2,002 UNIQUE TENNISWORKS PROGRAM PARTICIPANTS.

Program 2
Expenses: $852,384 Revenue: $1,148,392

JUNIOR PROGRAMS: OUR FEE-BASED JUNIOR PROGRAMS OFFER AGE AND ABILITY-BASED CLASSES AS WELL AS MATCH PLAY OPPORTUNITIES FOR AGES 5 TO 18. CERTIFIED TENNIS PROFESSIONALS LEAD ALL JUNIOR TENNIS...

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JUNIOR PROGRAMS: OUR FEE-BASED JUNIOR PROGRAMS OFFER AGE AND ABILITY-BASED CLASSES AS WELL AS MATCH PLAY OPPORTUNITIES FOR AGES 5 TO 18. CERTIFIED TENNIS PROFESSIONALS LEAD ALL JUNIOR TENNIS PROGRAMMING WITH A FOCUS ON SKILL DEVELOPMENT, CONFIDENCE, AND FINDING ENJOYMENT AND CONNECTION THROUGH THE SPORT OF TENNIS. IN 2024, 1,281 UNIQUE PLAYERS PARTICIPATED IN FWTEC JUNIOR TENNIS PROGRAMS. COMBINED WITH TENNISWORKS PARTICIPATION, THERE WERE OVER 30,000 JUNIOR TENNIS PLAY EXPERIENCES ON OUR COURTS IN 2024. 93 UNIQUE PLAYERS RECEIVED A TOTAL OF $90,870 IN SCHOLARSHIP ASSISTANCE TO REMOVE FINANCIAL BARRIERS TO PARTICIPATION IN OUR FEE-BASED PROGRAMS. AN ADDITIONAL $12,817 WAS DISBURSED TO COVER TOURNAMENT-RELATED EXPENSES FOR YOUTH IN NEED. 10 STUDENTS ALSO RECEIVED $1,000 SCHOLORSHIPS TO SUPPORT COLLEGE START-UP EXPENSES.

Program 3
Expenses: $803,676 Revenue: $1,148,392

ADULT PROGRAMS: ADULT TENNIS PROGRAMMING INCLUDES ABILITY-BASED DRILLS AND CLINICS, IN-HOUSE AND USTA LEAGUE PLAY, SENIOR DRILLS, AND PRIVATE LESSONS. ADULT TENNIS OFFERINGS REINFORCE TENNIS AS A...

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ADULT PROGRAMS: ADULT TENNIS PROGRAMMING INCLUDES ABILITY-BASED DRILLS AND CLINICS, IN-HOUSE AND USTA LEAGUE PLAY, SENIOR DRILLS, AND PRIVATE LESSONS. ADULT TENNIS OFFERINGS REINFORCE TENNIS AS A LIFELONG SPORT THAT PROMOTES HEALTH, WELLNESS, AND COMMUNITY CONNECTION FOR ALL AGES. IN 2024, 1,450 UNIQUE ADULT PLAYERS PARTICIPATED IN FWTEC PROGRAMS.2,826 UNIQUE PLAYERS OF ALL AGES ALSO HIT THE COURTS TO SHARE THE GAME WITH FRIENDS AND FAMILY OR PRACTICE WITH THE BALL MACHINE.ALL PROGRAMS AND COURT RENTALS ARE OPEN TO THE PUBLIC. WHILE NOT REQUIRED TO PARTICIPATE, PATRON MEMBERSHIPS ARE AVAILABLE TO SUPPORT OUR MISSION AND ACCESS SELECT BENEFITS. AT THE END OF 2024, 599 FAMILIES, 391 JUNIORS, 525 ADULTS, AND 465 SENIORS/SENIOR COUPLES (AGES 62+) HELD ACTIVE PATRON MEMBERSHIPS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $574,043
Program Service Revenue $2,668,162
Investment Income $39,699
Other Revenue $40,561
TOTAL REVENUE $3,322,465

Expense Breakdown

Grants Paid $110,071
Salaries & Benefits $2,020,783
Fundraising Expenses $248,751
Program Expenses $2,435,383
Other Expenses $970,812
TOTAL EXPENSES $3,101,666

Year-over-Year Comparison

2024 2023 Change
Revenue $3,322,465 $3,074,088 +0.1%
Expenses $3,101,666 $2,781,602 +0.1%
Net Income $220,799 $292,486 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
64
Volunteers
62

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
5
$0
Total Directors
13
$108,627
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE NICKELS EXECUTIVE DIRECTOR 40.00
Director
$98,238 $10,389 $108,627
ANDREA BOADO BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
LT NGUYEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DAVID ERICKSON BOARD TREASURER 2.00
Officer Director
$0 $0 $0
ANN HATHAWAY BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN AHERN PAST PRESIDENT- EX OFFICIO 0.00
Officer Director
$0 $0 $0
JACK FOSS DIRECTOR 1.00
Director
$0 $0 $0
JILLIAN GEISLINGER DIRECTOR 1.00
Director
$0 $0 $0
SUE HAIGH DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MILLER DIRECTOR 1.00
Director
$0 $0 $0
SCOTT PAYZANT DIRECTOR 1.00
Director
$0 $0 $0
KEVIN VEENSTRA DIRECTOR 1.00
Director
$0 $0 $0
SCOTT CORDES DIRECTOR 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 $3,322,465 $3,101,666 $4,645,744 $220,799
2023 $3,074,088 $2,781,602 $4,547,365 $292,486
2022 $2,825,830 $2,748,918 $4,373,913 $76,912
2021 $2,852,378 $2,478,730 $4,348,545 $373,648
2020 $2,030,382 $1,863,842 $3,957,793 $166,540
2019 $1,929,138 $1,969,594 $3,959,118 $-40,456
2018 $2,069,772 $1,800,551 $3,559,311 $269,221
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