NORTH CAROLINA TENNIS ASSOCIATION INC (EIN 561121513) - 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

1974

Legal Domicile

Principal Officer

KELLY GAINES

Phone

3368528577

Tax Period

2024-01-01 to 2024-12-31

NORTH CAROLINA TENNIS ASSOCIATION INC, founded in 1974, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AND DEVELOP TENNIS THROUGHOUT NORTH CAROLINA BY WAY OF RECREATIONAL LEAGUES AND TOURNAMENTS. TO REACH OUT TO PEOPLE THAT MIGHT NOT ALREADY PLAY THROUGH COMMUNITY DEVELOPMENT PROGRAMS.

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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 $1,316,954

Program Service Revenue $2,768,312

Investment Income $104,071

Other Revenue $29,189

TOTAL REVENUE $4,218,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $965,975

Fundraising Expenses $0

Program Expenses $3,437,620

Other Expenses $3,158,043

TOTAL EXPENSES $4,124,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,218,526	$3,751,637	+0.1%
Expenses	$4,124,018	$3,614,132	+0.1%
Net Income	$94,508	$137,505	-0.3%

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

200

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

$144,868

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY GAINES	EXEC. DIR.	40.00	Director	$144,868	$0	$144,868
KIM COSTON	PRESIDENT	1.00	Officer	$0	$0	$0
DEBBIE SOUTHERN	1ST VICE PRE	1.00	Officer	$0	$0	$0
JD WEBER	VICE PRESIDE	1.00	Officer	$0	$0	$0
LEANN NEASE BROWN	VICE PRESIDE	1.00	Officer	$0	$0	$0
HOLLY HANEY	SECRETARY	1.00	Officer	$0	$0	$0
TERESA LINDSAY	TREASURER	1.00	Officer	$0	$0	$0
MARK DILLON	PAST PRESIDE	1.00	Director	$0	$0	$0
KERMIT NIXON	AREA DIRECTO	1.00	Director	$0	$0	$0
BRENT PEARSON	AREA DIRECTO	1.00	Director	$0	$0	$0
SCOTT ALSTON	AREA DIRECTO	1.00	Director	$0	$0	$0
STEVE ROCHKIND	AREA DIRECTO	1.00	Director	$0	$0	$0
RONNIE TODD	AREA DIRECTO	1.00	Director	$0	$0	$0
ROSEMARY MCLEAN	AREA DIRECTO	1.00	Director	$0	$0	$0
SUSAN KNIGHT	AREA DIRECTO	1.00	Director	$0	$0	$0
KEVIN CACCIA	AREA DIRECTO	1.00	Director	$0	$0	$0
KEVIN KRANIS	AREA DIRECTO	1.00	Director	$0	$0	$0
DEBORAH FOSTER-SMITH	AREA DIRECTO	1.00	Director	$0	$0	$0
HANI NASAR	AREA DIRECTO	1.00	Director	$0	$0	$0
MARY ANN MEYERS	AREA DIRECTO	1.00	Director	$0	$0	$0
AMY BRANDON	AT-LARGE DIR	1.00	Director	$0	$0	$0
CALVIN DAVIS	AT-LARGE DIR	1.00	Director	$0	$0	$0
MAXWELL GREGSON	AT-LARGE DIR	1.00	Director	$0	$0	$0
KIM ROBERTS	AT-LARGE DIR	1.00	Director	$0	$0	$0
COOKIE GUARINI	PAST PRESIDE	1.00	Director	$0	$0	$0
DONNA GAST	PAST PRESIDE	1.00	Director	$0	$0	$0
BILLY TROTT	PAST PRESIDE	1.00	Director	$0	$0	$0
ANNA MARTIN	PAST PRESICE	1.00	Director	$0	$0	$0
ALEX RUCKER	PAST PRESIDE	1.00	Director	$0	$0	$0
TED REESE	PAST PRESIDE	1.00	Director	$0	$0	$0
BONNE VANDEGRIFT	PAST PRESIDE	1.00	Director	$0	$0	$0
JEFF JOYCE	PAST PRESIDE	1.00	Director	$0	$0	$0
HENRY HOSTELLER	PAST PRESIDE	1.00	Director	$0	$0	$0
PAULA HALE	PAST PRESIDE	1.00	Director	$0	$0	$0
CY KING	PAST PRESIDE	1.00	Director	$0	$0	$0
VICKI EVERETTE	PAST PRESIDE	1.00	Director	$0	$0	$0
DRU MICHAELS	PAST PRESIDE	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	$4,218,526	$4,124,018	$3,997,003	$94,508
2023	$3,751,637	$3,614,132	$3,844,770	$137,505
2023	$3,751,637	$3,614,132	$3,844,770	$137,505
2022	$3,644,332	$2,983,675	$3,626,065	$660,657
2021	$3,276,809	$2,665,782	$3,086,008	$611,027
2020	$2,349,916	$2,230,339	$2,438,269	$119,577
2019	$3,398,821	$3,244,228	$2,254,430	$154,593
2018	$3,157,373	$3,039,127	$2,068,048	$118,246

NORTH CAROLINA TENNIS ASSOCIATION INC