GREENSBORO TENNIS ORGANIZATION INC

EIN: 562040725 501(c)(3) Recreation & Sports

GREENSBORO, NC

Total Revenue
$245,741
Total Expenses
$220,292
Total Assets
$129,502
Net Assets
$128,755
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NC
Principal Officer
NEAL DORMAN
Phone
3367776540
Tax Period
2024-01-01 to 2024-12-31

GREENSBORO TENNIS ORGANIZATION INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $246K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $220K left a modest 10% surplus.

Mission

TO INTRODUCE AND PROMOTE THE SPORT OF TENNIS TO ALL YOUTH AND ADULTS IN OUR COMMUNITY THROUGH OUTREACH,EDUCATIONAL WORKSHOPS CLINICS AND LEAGUES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $45,309
Program Service Revenue $200,432
Investment Income $0
Other Revenue $0
TOTAL REVENUE $245,741

Expense Breakdown

Grants Paid $1,759
Salaries & Benefits $47,723
Fundraising Expenses $0
Program Expenses $180,657
Other Expenses $170,810
TOTAL EXPENSES $220,292

Year-over-Year Comparison

2024 2023 Change
Revenue $245,741 $211,071 +0.2%
Expenses $220,292 $163,413 +0.3%
Net Income $25,449 $47,658 -0.5%
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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Governance

Voting Members
9
Independent Members
9
Employees
1
Volunteers
132

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
4
$82,046
Total Directors
10
$0
Key Employees
1
$82,046
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZIAD FLEIHAN PRESIDENT 2.00
Officer Director
$0 $0 $0
NEAL DORMAN TREASURER 2.00
Officer Director
$0 $0 $0
DEIRDRE HJELT SECRETARY 2.00
Officer Director
$0 $0 $0
SUSAN BRODEUR EX. DIR., LEAGUE COORD. 40.00
Officer Key Emp
$82,046 $0 $82,046
CHARLES CALKIN LEGAL ADVISOR 2.00
Director
$0 $0 $0
REBEKAH EAST ADULT DEV. CHAIR 2.00
Director
$0 $0 $0
ASLEY XU YOUTH DEV. CHAIR 2.00
Director
$0 $0 $0
DIANE MAJESTIC TOURNAMENTS/EVENTS 2.00
Director
$0 $0 $0
KELLY HAHN FUNDRAISING/GRANTS 2.00
Director
$0 $0 $0
MIKE DAVIS MEMBER AT LARGE 2.00
Director
$0 $0 $0
KEVIN CACCIA PRO/FACILITY LIAISON 2.00
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 $245,741 $220,292 $129,502 $25,449
2023 $211,071 $163,413 $103,801 $47,658
2022 $185,234 $165,946 $71,771 $19,288
2021 $182,475 $180,606 $49,096 $1,869
2020 $150,044 $166,254 $39,112 $-16,210
2019 $211,506 $198,509 $50,701 $12,997
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