NORTH CAROLINA TENNIS FOUNDATION INC

EIN: 566060900 501(c)(3)

GREENSBORO, NC

Total Revenue
$544,061
Total Expenses
$352,181
Total Assets
$2,006,945
Net Assets
$2,006,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
NC
Principal Officer
KELLY GAINES
Phone
3368528577
Tax Period
2024-01-01 to 2024-12-31

NORTH CAROLINA TENNIS FOUNDATION INC, founded in 1961, is a small nonprofit that reported $544K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 35% operating margin.

Mission

THE NORTH CAROLINA TENNIS FOUNDATION SUPPORTS ORGANIZATIONS AND PROGRAMS THAT ENHANCE THE LIVES OF PEOPLE THROUGH TENNIS AND EDUCATION AND PRESERVES THE HISTORY OF TENNIS IN NORTH CAROLINA

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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 $361,528
Program Service Revenue $89,590
Investment Income $70,293
Other Revenue $22,650
TOTAL REVENUE $544,061

Expense Breakdown

Grants Paid $91,561
Salaries & Benefits $94,524
Fundraising Expenses $0
Program Expenses $300,545
Other Expenses $166,096
TOTAL EXPENSES $352,181

Year-over-Year Comparison

2024 2023 Change
Revenue $544,061 $378,929 +0.4%
Expenses $352,181 $309,875 +0.1%
Net Income $191,880 $69,054 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
30
Employees
1
Volunteers
40

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
6
$0
Total Directors
32
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY GAINES EXEC. DIRECT 15.00
Director
$0 $0 $0
MARK DILLON PRESIDENT 1.00
Officer Director
$0 $0 $0
TED REESE VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RICHARD HOLDERNESS VICE PRESIDE 1.00
Officer Director
$0 $0 $0
DEBBIE SOUTHERN SECRETARY 1.00
Officer Director
$0 $0 $0
RODNEY MATTHEWS TREASURER 1.00
Officer Director
$0 $0 $0
ANDY AVRAM BOARD MEMBER 1.00
Director
$0 $0 $0
JIM CORN BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSEY LINKER BOARD MEMBER 1.00
Director
$0 $0 $0
GRAY SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MCCABE BOARD MEMBER 1.00
Director
$0 $0 $0
TERESA LINDSAY BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY ANDREWS BOARD MEMBER 1.00
Director
$0 $0 $0
ALFRED MAYS BOARD MEMBER 1.00
Director
$0 $0 $0
LESLIE MCLVER BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN FARFOUR BOARD MEMBER 1.00
Director
$0 $0 $0
MALCOLM GRAHAM BOARD MEMBER 1.00
Director
$0 $0 $0
LOU WELCH BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN LOVE BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX OKULSKIE PAST PRESIDE 1.00
Director
$0 $0 $0
COOKIE GUARINI PAST PRESIDE 1.00
Officer Director
$0 $0 $0
DONNA GAST PAST PRESIDE 1.00
Director
$0 $0 $0
BILLY TROTT PAST PRESIDE 1.00
Director
$0 $0 $0
PAULA HALE PAST PRESIDE 1.00
Director
$0 $0 $0
JEFF JOYCE PAST PRESIDE 1.00
Director
$0 $0 $0
CY KING PAST PRESIDE 1.00
Director
$0 $0 $0
DRU MICHAELS PAST PRESIDE 1.00
Director
$0 $0 $0
ALEX RUCKER PAST PRESIDE 1.00
Director
$0 $0 $0
HENRY HOSTETLER PAST PRESIDE 1.00
Director
$0 $0 $0
ANNA MARTIN PAST PRESIDE 1.00
Director
$0 $0 $0
VICKI EVERETTE PAST PRESIDE 1.00
Director
$0 $0 $0
BONNIE VANDEGRIFT 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 $544,061 $352,181 $2,006,945 $191,880
2023 $378,929 $309,875 $1,747,483 $69,054
2022 $269,975 $252,914 $1,549,671 $17,061
2021 $389,514 $201,796 $1,774,067 $187,718
2020 $186,031 $180,646 $1,559,371 $5,385
2019 $303,367 $253,598 $1,442,057 $49,769
2018 $145,487 $220,297 $1,329,979 $-74,810
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