Friends of Miami Tennis Inc (EIN 753237942) - 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

2007

Legal Domicile

Principal Officer

Bruce Boiko

Phone

3059344336

Tax Period

2022-01-01 to 2022-12-31

Friends of Miami Tennis Inc, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $542K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

To promote the game of tennis and enhance the quality of life to the residents of Miami-Dade County, Florida

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $538,679

Investment Income $0

Other Revenue $3,498

TOTAL REVENUE $542,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,462

Fundraising Expenses $273

Program Expenses $479,820

Other Expenses $216,651

TOTAL EXPENSES $547,113

Year-over-Year Comparison

	2022	2021	Change
Revenue	$542,177	$754,554	-0.3%
Expenses	$547,113	$675,047	-0.2%
Net Income	$-4,936	$79,507	-1.1%

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

N/A

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

$44,840

Total Directors

$44,840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bruce Boiko	Pres. & Treas.	12.00	Officer Director	$44,840	$0	$44,840
Dennis Albaijes	Director	0.50	Officer Director	$0	$0	$0
Donna Tollefson	Director	0.50	Officer Director	$0	$0	$0
Wendy Boiko	Director, Sec'y	1.50	Director	$0	$0	$0
Carolyn Gibson	Director	0.50	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
2022	$542,177	$547,113	$89,064	$-4,936
2021	$754,554	$675,047	$94,000	$79,507
2020	$500,115	$505,047	$77,423	$-4,932
2019	$418,831	$414,669	$19,426	$4,162
2018	$562,895	$577,136	$21,832	$-14,241

Friends of Miami Tennis Inc