FRED WELLS TENNIS AND EDUCATION CENTER INC (EIN 411965977) - 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

2000

Legal Domicile

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.

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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 $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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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

$108,627

Key Employees

Highest Compensated

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

FRED WELLS TENNIS AND EDUCATION CENTER INC