SOUTHERN TENNIS ASSOCIATION INC (EIN 581190935) - 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

1968

Legal Domicile

Principal Officer

MATTHEW OLSON

Phone

7703688200

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN TENNIS ASSOCIATION INC, founded in 1968, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2023.

Mission

THE ASSOCIATION'S MISSION IS GROWING TENNIS TO INSPIRE HEALTHIER PEOPLE AND COMMUNITIES EVERYWHERE. THE ASSOCIATION PROMOTES THE DEVELOPMENT OF TENNIS AS A MEANS OF HEALTHFUL RECREATION AND PHYSICAL FITNESS, AS WELL AS, ESTABLISHES AND MAINTAINS RULES OF FAIR PLAY AND HIGH STANDARDS OF SPORTSMANSHIP.USTA SOUTHERN WAS FOUNDED IN 1886 AND IS FOCUSED ON THE DEVELOPMENT AND PROMOTION OF TENNIS WITHIN THE NINE STATES COMPRISING THE USTA SOUTHERN SECTION ALABAMA, ARKANSAS, GEORGIA, KENTUCKY, LOUISIANA, MISSISSIPPI, NORTH CAROLINA, SOUTH CAROLINA AND TENNESSEE. IT IS THE LARGEST OF 17 SECTIONAL ASSOCIATIONS THAT MAKE UP THE UNITED STATES TENNIS ASSOCIATION (USTA), THE NATIONAL GOVERNING BODY OF TENNIS IN THE UNITED STATES.

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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 $10,655,728

Program Service Revenue $2,851,144

Investment Income $417,269

Other Revenue $-13,156

TOTAL REVENUE $13,910,985

Expense Breakdown

Grants Paid $8,148,205

Salaries & Benefits $3,550,136

Fundraising Expenses $0

Program Expenses $11,960,228

Other Expenses $2,606,591

TOTAL EXPENSES $14,304,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,910,985	$13,561,876	+0.0%
Expenses	$14,304,932	$13,229,290	+0.1%
Net Income	$-393,947	$332,586	-2.2%

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

250

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

$241,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT SCHWARTZ	PRESIDENT & CEO	25.00	Officer Director	$0	$0	$0
TED REESE	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BETH HOPKINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY MASSENGALE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DREW MEYERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE NEUHART	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN HERRING	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL ALAN	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ERNIE JAMES	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
RAINEY JOHNS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
RANDY JACKSON	USTA DELEGATE	1.00	Director	$0	$0	$0
MATTHEW OLSON	EXECUTIVE DIRECTOR & COO	40.00	Officer	$212,240	$29,090	$241,330
CHRISTOPHER WALLING	ADULT TENNIS/HR DIRECTOR	40.00	Highest	$142,480	$24,876	$167,356
HALDOR REGI	IT DIRECTOR	40.00	Highest	$124,480	$9,118	$133,598
MARIA CERCONE	DIR. OF JR. TENNIS DEV	40.00	Highest	$120,048	$22,967	$143,015
ANDREW FELDMAN	COMMUNITY TENNIS DIRECTOR	40.00	Highest	$117,832	$22,500	$140,332
CHERYL JONES	DIRECTOR	40.00	Highest	$111,992	$21,596	$133,588
JOHN CALLEN	COO (FORMER)	0.00		$0	$307,626	$307,626

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	No data	No data	No data	No data
2023	$13,910,985	$14,304,932	$25,864,700	$-393,947
2022	$13,561,876	$13,229,290	$23,839,838	$332,586
2021	$12,482,397	$11,319,846	$27,075,181	$1,162,551
2020	$12,618,808	$11,514,034	$24,919,766	$1,104,774
2019	$13,139,042	$11,604,197	$22,202,198	$1,534,845
2018	$12,368,760	$11,195,659	$18,969,093	$1,173,101

SOUTHERN TENNIS ASSOCIATION INC