KENNEBEC VALLEY TENNIS ASSOCIATION (EIN 770722241) - 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

2013

Legal Domicile

Principal Officer

Carol Ladd

Phone

2072136286

Tax Period

2022-07-01 to 2023-06-30

KENNEBEC VALLEY TENNIS ASSOCIATION, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $346K in total revenue in fiscal year 2022. Expenses of $304K left a modest 12% surplus.

Mission

KVTA operates a year-round indoor tennis and pickleball facility and offers court use, instruction, and programs for adults and juniors in the greater Augusta, Maine area.

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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 $30,942

Program Service Revenue $304,279

Investment Income $7,593

Other Revenue $2,706

TOTAL REVENUE $345,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,010

Fundraising Expenses $0

Program Expenses $258,384

Other Expenses $137,508

TOTAL EXPENSES $303,518

Year-over-Year Comparison

	2022	2021	Change
Revenue	$345,520	$334,416	+0.0%
Expenses	$303,518	$311,032	0.0%
Net Income	$42,002	$23,384	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dick Bachelder	Director Emeritus	0	Director	$0	$0	$0
Daniel Bence	Director	0.5	Director	$0	$0	$0
Marc Cyr	Director	0.5	Director	$0	$0	$0
Douglas Boyink	Director	0.5	Director	$0	$0	$0
Steve Lindquist	Director	0.2	Director	$0	$0	$0
Wayde Rankin	Director	0.5	Director	$0	$0	$0
Richard McAlee	Vice President	0.5	Officer	$0	$0	$0
Carolyn Ladd	President	5	Officer	$0	$0	$0
Lisa Lowery	Secretary	1	Officer	$0	$0	$0
Hilary Holm	Treasurer	5	Officer	$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	$345,520	$303,518	$408,657	$42,002
2022	$334,416	$311,032	$368,707	$23,384
2021	$297,268	$289,922	$390,238	$7,346

KENNEBEC VALLEY TENNIS ASSOCIATION