WASHINGTON TENNIS & EDUCATION FOUNDATION (EIN 526046504) - 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

1955

Legal Domicile

Principal Officer

CANDACE SMITH

Phone

2022919888

Tax Period

2023-09-01 to 2024-08-31

WASHINGTON TENNIS & EDUCATION FOUNDATION, founded in 1955, is a community nonprofit in the Youth Development sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $3.8M exceeded revenue, resulting in a 39% operating deficit.

Mission

PROVIDE SKILLS NECESSARY TO ACHIEVE ACADEMIC, ATHLETIC AND PERSONAL SUCCESS.

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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 $1,563,968

Program Service Revenue $615,075

Investment Income $509,996

Other Revenue $13,246

TOTAL REVENUE $2,702,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,052,401

Fundraising Expenses $337,699

Program Expenses $3,051,551

Other Expenses $1,699,657

TOTAL EXPENSES $3,752,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,702,285	$2,850,412	-0.1%
Expenses	$3,752,058	$3,506,408	+0.1%
Net Income	$-1,049,773	$-655,996	+0.6%

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

$162,560

Total Directors

$17,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BORDEN	PRESIDENT, CEO	40.00	Officer	$162,480	$80	$162,560
ALEX SHEK	CITY-WIDE TENNIS DIRECTOR	40.00	Highest	$104,329	$373	$104,702
JOSEF WEISSFELD	DIRECTOR/COACH	1.00	Director	$17,050	$0	$17,050
SARAH JACKSON	CHAIR	1.00	Officer Director	$0	$0	$0
JACKIE BRADFORD	CO-TREASURER	1.00	Officer Director	$0	$0	$0
SHAZA L ANDERSON	CO-TREASURER	1.00	Officer Director	$0	$0	$0
ANDREA RICE	SECRETARY	1.00	Officer Director	$0	$0	$0
MANUEL ORTIZ	DIRECTOR	1.00	Director	$0	$0	$0
YVETTE ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY TONY APPLEWHAITE	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BLOCKER	DIRECTOR	1.00	Director	$0	$0	$0
RALPH J CACCIA	DIRECTOR	1.00	Director	$0	$0	$0
DREW CANTOR	DIRECTOR	1.00	Director	$0	$0	$0
MARCIA CARLUCCI	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN CORBETT	DIRECTOR	1.00	Director	$0	$0	$0
PETER DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
JON DECKER	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH EDMONDS	DIRECTOR	1.00	Director	$0	$0	$0
DD EISENBERG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOLLOB	DIRECTOR	1.00	Director	$0	$0	$0
MARCELLA A JONES	DIRECTOR	1.00	Director	$0	$0	$0
DIANE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE LILLEY	DIRECTOR	1.00	Director	$0	$0	$0
H'CONE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDY VERMILYE	DIRECTOR	1.00	Director	$0	$0	$0
DAN WALDMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
SHARIF ELSHEIKH	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE EVANS	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLE FRANCIS REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG HOOVER	DIRECTOR	1.00	Director	$0	$0	$0
HENRY KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
BETH SINGER	DIRECTOR	1.00	Director	$0	$0	$0
HON JOHN BREAUX	EMERETUS DIRECTOR	1.00	Director	$0	$0	$0
JAMES RITZENBERG	EMERETUS DIRECTOR	1.00	Director	$0	$0	$0
JOHN A HARRIS	EMERITUS DIRECTORS	1.00	Director	$0	$0	$0
HON PAUL IGNATIUS	EMERITUS DIRECTORS	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
2025	No data	No data	No data	No data
2024	$2,702,285	$3,752,058	$24,264,581	$-1,049,773
2023	$2,850,412	$3,506,408	$24,323,594	$-655,996
2022	$3,377,046	$3,141,590	$24,914,123	$235,456
2021	$2,863,895	$2,698,402	$25,495,785	$165,493
2020	$2,021,614	$2,769,981	$25,445,272	$-748,367
2019	$17,553,723	$13,732,028	$17,870,105	$3,821,695
2018	$3,266,993	$4,159,229	$14,378,827	$-892,236

WASHINGTON TENNIS & EDUCATION FOUNDATION