INNERCITY TENNIS FOUNDATION (EIN 416038537) - 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

1952

Legal Domicile

Principal Officer

JOHN WHEATON

Phone

6128256844

Tax Period

2023-01-01 to 2023-12-31

INNERCITY TENNIS FOUNDATION, founded in 1952, is a community nonprofit in the Recreation & Sports sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO ENGAGE A SUPPORTIVE COMMUNITY TO UNLEASH THE FULL POTENTIAL OF YOUTH, ON AND OFF THE TENNIS COURT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $716,720

Program Service Revenue $2,001,202

Investment Income $1,694

Other Revenue $-49,477

TOTAL REVENUE $2,670,139

Expense Breakdown

Grants Paid $318,473

Salaries & Benefits $1,862,153

Fundraising Expenses $92,562

Program Expenses $2,707,232

Other Expenses $1,067,769

TOTAL EXPENSES $3,248,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,670,139	$3,247,010	-0.2%
Expenses	$3,248,395	$2,771,672	+0.2%
Net Income	$-578,256	$475,338	-2.2%

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

130

Volunteers

150

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

$253,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN NEALON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JILLIAN CHAPMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS ABBOTT	TREASURER	1.00	Officer Director	$0	$0	$0
MARGO PIETSCH	DIRECTOR	1.00	Director	$0	$0	$0
BRAD ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
ROY GINSBURG	DIRECTOR	1.00	Director	$0	$0	$0
WILL PREST	DIRECTOR	1.00	Director	$0	$0	$0
BOB COHEN	DIRECTOR	1.00	Director	$0	$0	$0
REVEREND JOHNNY HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
ED KELLY	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN LAU	DIRECTOR	1.00	Director	$0	$0	$0
ANDRZEJ MALEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
TRENT TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
HEMA VISWANATHAN	DIRECTOR	1.00	Director	$0	$0	$0
HILARY SANTONI	DIRECTOR	1.00	Director	$0	$0	$0
AMY WARE	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE RASMUSSEN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WHEATON	EXECUTIVE DIRECTOR	40.00	Officer	$247,300	$6,653	$253,953

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	$2,670,139	$3,248,395	$4,599,543	$-578,256
2022	$3,247,010	$2,771,672	$4,914,594	$475,338
2021	$3,125,271	$2,498,024	$4,397,318	$627,247
2020	$2,302,949	$2,261,427	$3,687,670	$41,522
2019	$2,634,285	$2,731,001	$3,572,654	$-96,716
2018	$2,600,514	$2,495,180	$3,508,106	$105,334

INNERCITY TENNIS FOUNDATION