KENNEBEC VALLEY TENNIS ASSOCIATION

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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

To provide a year-round facility for tennis and pickleball programs for youth and adults in the greater Augusta Maine area and to encourage more people to learn or return to the sports of tennis and pickleball.

Program Service Accomplishments

Program 1

Expenses: $110,714 Revenue: $102,460

Lessons and teaching programs. KVTA provides a gathering place for daily tennis and pickleball, where there are many tennis and pickleball clinics and lessons for the community and its members. KVTA has six Tennis Teaching Professionals available as well as two Pickleball Teaching Professionals. KVTA offers the following Junior tennis clinics: Tiny Tikes (for 4-6-year-olds, which uses foam and Red Balls for tennis development), 10-and-Under (for 7-10-year-olds, which uses Orange Balls and Green balls), a Beginner Middle/High School Clinic, and an Intermediate Middle/High School clinic. Approximately 65 junior players participated in tennis clinics. Approximately 47 junior players took tennis lessons. Approximately 5 juniors took Pickleball clinics and/or lessons. KVTA's Adult clinics and lessons are well received also, with about 35 adults participating in clinics and 40 adults taking lessons. Pickleball clinics are very popular, with up to 80 adults participating in clinics and about 55 adults taking Pickleball lessons.

Program 2

Expenses: $137,825 Revenue: $186,305

Court usage for tennis and pickleball. Approximately 190 tennis players used KVTA's four courts for social tennis or drilling on their own time (not lessons). Approximately 125 pickleball players...

Court usage for tennis and pickleball. Approximately 190 tennis players used KVTA's four courts for social tennis or drilling on their own time (not lessons). Approximately 125 pickleball players spent time on KVTA's eight pickleball courts, which are located on the tennis courts. There is a nice balance of court use between pickleball and tennis.

Program 3

Expenses: $9,845 Revenue: $6,616

Tournaments and special events. KVTA held a Fall Festival of tennis in November. KVTA hosted 11 USTA League match dates throughout the year. KVTA fielded nine USTA League teams this year, four men's teams, three Mixed teams, and two women's teams. The skills ranged from 3.0 to 4.0 and the ages ranged from 27 to 70 years old.

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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