WASHINGTON TENNIS & EDUCATION FOUN… - Form 990 Financial Data

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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

TO BUILD LIFE CHAMPIONS BY PROVIDING HIGH QUALITY ACADEMIC, TENNIS AND WELLNESS INSTRUCTION TO LOW-INCOME STUDENTS IN DC AT-RISK OF ACADEMIC FAILURE.

Program Service Accomplishments

Program 1

Expenses: $657,677

CENTER FOR EXCELLENCE (CFE) IS AN INTENSIVE ACADEMIC, LIFE-SKILLS, AND TENNIS INSTRUCTION PROGRAM FOR STUDENTS IN GRADES 1-12. CFE RUNS 5 DAYS A WEEK MON-FRI 4 TO 7 P.M. STUDENTS RECEIVE 90 MINUTES OF INDIVIDUALIZED MATH AND READING INSTRUCTION, MANDATORY HOMEWORK COMPLETION, AND 90 MINUTES OF TENNIS INSTRUCTION DAILY. THROUGH A COMPLEMENTARY ARRAY OF PARTNERSHIPS AND ITS PROFESSIONAL STAFF, CFE OFFERS ENRICHMENT PROGRAMMING IN STEM, NUTRITION AND HEALTHY LIFESTYLES, SOCIO-EMOTIONAL LEARNING, LIBRARY SERVICES, CHARACTER AND CULTURAL EDUCATION, COLLEGE PREP AND CAREER COUNSELING, SCHOLARSHIP DEVELOPMENT, AND MENTAL HEALTH SERVICES.

Program 2

Expenses: $523,075

AN EXTENSION OF THE CFE SCHOOL YEAR PROGRAM, CFE SUMMER IS THE LONGEST SUMMER CAMP IN WASHINGTON DC, OPERATING FOR 9 WEEKS, 5 DAYS A WEEK, FROM 8AM-4PM. CFE SUMMER PROVIDES EDUCATIONALLY ENRICHING...

AN EXTENSION OF THE CFE SCHOOL YEAR PROGRAM, CFE SUMMER IS THE LONGEST SUMMER CAMP IN WASHINGTON DC, OPERATING FOR 9 WEEKS, 5 DAYS A WEEK, FROM 8AM-4PM. CFE SUMMER PROVIDES EDUCATIONALLY ENRICHING INTERACTIVE GAME-BASED ACTIVITIES SUCH AS CHESS, ROBOTICS, CODING, COMPUTER GAMES, BOARD GAMES AND SKILLS-APPROPRIATE TENNIS CLINICS, SINGLES AND DOUBLES COMPETITIVE PLAY INCLUDING ACCESS TO LOCAL, REGIONAL AND NATIONAL TOURNAMENTS. CFE SUMMER ALSO PROVIDES FREE BREAKFAST AND LUNCH AND HEALTHY SNACKS.

Program 3

Expenses: $474,302 Revenue: $615,075

TENNIS CENTER PROGRAMS: WTEF OFFERS BEGINNER TO ADVANCED CLINICS FOR YOUTH AND ADULTS. OUR PRIMARY PROGRAMMING AT OUR EAST CAMPUS IS FOR YOUTH WHO LIVE WITHIN DISTRICT OF COLUMBIA UNDERSERVED...

TENNIS CENTER PROGRAMS: WTEF OFFERS BEGINNER TO ADVANCED CLINICS FOR YOUTH AND ADULTS. OUR PRIMARY PROGRAMMING AT OUR EAST CAMPUS IS FOR YOUTH WHO LIVE WITHIN DISTRICT OF COLUMBIA UNDERSERVED COMMUNITIES. WE ALSO OFFER FEE-BASED PROGRAMMING AT OUR EAST AND WEST CAMPUSES WHERE PARTIAL PROCEEDS GO TOWARDS FUNDING YOUTH PROGRAMMING AT OUR EAST CAMPUS AND OUR OUTREACH PROGRAMMING AT DISTRICT OF COLUMBIA PUBLIC AND CHARTER SCHOOLS.

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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