Charlotte Tennis Association

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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

1991

Legal Domicile

Principal Officer

Carla O'Connor

Phone

7044919745

Tax Period

2023-01-01 to 2023-12-31

Charlotte Tennis Association, founded in 1991, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $161K, a strong 37% operating margin.

Mission

CTA provides a full range of tennis programs and activities for people of all ages, abilities and backgrounds and creates opportunities to enjoy the social, physical and health benefits provided by the sport of tennis.

Program Service Accomplishments

Program 1

Expenses: $137,205 Revenue: $291,475

Adult programs and events - The Charlotte Tennis Association operates programs designed to introduce new players to the game, as well as provide match play opportunity for the existing population of players in Charlotte and surrounding areas. The CTA plans, organizes, and promotes and coordinates all aspects of play at area public and private tennis facilities. In 2023 about 15,000 adults ranging in age from 21 to over 80 years of age registered in eight leagues/programs organized by CTA.

Program 2

Expenses: $51,224 Revenue: $65,532

Junior programs - The CTA operates programs designed to introduce players to the game, as well as provide match play opportunity for existing players in the Greater Charlotte area. The CTA organizes & promotes all aspects of play at area public and private tennis facilities. The CTA partners with Mecklenburg County Parks and Recreation to host four USTA sanctioned tournaments for beginning through highly ranked competitive players. Certain events draw players from the Southern Region and support economic impact in the community. The CTA collaborates with area facilities to provide play opportunity through the Junior Team Tennis program for players across all skill levels. In 2023 about over 2,000 junior players ranging in age from 5 to 18 years of age registered in seven leagues/events organized by CTA.

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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 $39,127

Program Service Revenue $352,158

Investment Income $25,736

Other Revenue $12,505

TOTAL REVENUE $429,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $147,904

Fundraising Expenses $0

Program Expenses $208,078

Other Expenses $120,907

TOTAL EXPENSES $268,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$429,526	$363,417	+0.2%
Expenses	$268,811	$348,509	-0.2%
Net Income	$160,715	$14,908	+9.8%

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

$84,360

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carla O'Connor	Executive Dir.	40.00	Officer	$84,360	$0	$84,360
Joel Turner	Past President	1.00	Officer Director	$0	$0	$0
Janet Fisher	Director	1.00	Director	$0	$0	$0
Erich Podzinski	Treasurer	1.00	Officer Director	$0	$0	$0
Tracy Brea	Vice President	2.00	Officer Director	$0	$0	$0
Hunt Allen	Director	2.00	Director	$0	$0	$0
David Dean	Director	2.00	Director	$0	$0	$0
Frank Hruby	Director	0.50	Director	$0	$0	$0
Kendra May	Secretary	2.00	Officer Director	$0	$0	$0
Palmer McArthur	President	2.00	Officer Director	$0	$0	$0
Danielle Gier	Director	0.50	Director	$0	$0	$0
Shelly Steffey	Director	0.50	Director	$0	$0	$0
George Anderson	Director	0.50	Director	$0	$0	$0
Janine Hooks	Director	0.50	Director	$0	$0	$0
Daniel Webster	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$429,526	$268,811	$959,428	$160,715
2022	$363,417	$348,509	$798,713	$14,908
2021	$337,872	$246,128	$783,805	$91,744
2020	$234,119	$202,721	$692,061	$31,398
2019	$328,755	$260,086	$660,663	$68,669
2018	$295,470	$209,960	$592,835	$85,510