CHAPEL HILL TENNIS CLUB INC (EIN 560892516) - 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

1967

Legal Domicile

Principal Officer

CHARLES E FISHER

Phone

9199295248

Tax Period

2023-10-01 to 2024-09-30

CHAPEL HILL TENNIS CLUB INC, founded in 1967, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.6M left a modest 5% surplus.

Mission

THE CLUB WAS ORGANIZED TO ESTABLISH RECREATIONAL AND SOCIAL ACTIVITIES FOR THE BENEFIT OF ITS MEMBERS. RECREATIONAL AND EDUCATIONAL ACTIVITIES ARE CENTERED AROUND RAQUETS, SWIMMING AND FITNESS.

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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 $1,377,520

Program Service Revenue $1,268,070

Investment Income $18,557

Other Revenue $76,722

TOTAL REVENUE $2,740,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $941,222

Fundraising Expenses $0

Other Expenses $1,651,793

TOTAL EXPENSES $2,593,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,740,869	$2,464,410	+0.1%
Expenses	$2,593,015	$2,106,558	+0.2%
Net Income	$147,854	$357,852	-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

111

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

Key Employees

$139,102

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BLAND	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARAH EDERLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH SPINARSKI	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES E FISHER	SECRETARY	1.00	Officer Director	$0	$0	$0
GAIL CALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN WIEGERINK	DIRECTOR	1.00	Director	$0	$0	$0
MARK HIGUCHI	DIRECTOR	1.00	Director	$0	$0	$0
PETER HEWITT	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KERN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BENSON	DIRECTOR	1.00	Director	$0	$0	$0
MITCH HERNDON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT A CASTORRI	GENERAL MANAGER	60.00	Key Emp	$139,102	$0	$139,102
BROOK SHEAHAN	DIRECTOR	1.00	Director	$0	$0	$0
TIM BUCKLEY	DIRECTOR	1.00	Director	$0	$0	$0
CLAIRE GIORDANO	DIRECTOR	1.00	Director	$0	$0	$0
BOB STOCKING	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	$2,740,869	$2,593,015	$2,201,240	$147,854
2023	$2,464,410	$2,106,558	$2,087,642	$357,852
2022	$2,353,963	$1,978,484	$1,674,416	$375,479
2021	$1,790,846	$1,684,121	$1,484,802	$106,725
2020	$1,696,100	$1,656,811	$1,276,195	$39,289

CHAPEL HILL TENNIS CLUB INC