SERVE MIDLAND INC

EIN: 853771598 501(c)(3) Recreation & Sports

MIDLAND, TX

Total Revenue
$126,849
Total Expenses
$116,945
Total Assets
$40,088
Net Assets
$40,088
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
COURTNEY MIDKIFF
Phone
7608610640
Tax Period
2023-01-01 to 2023-12-31

SERVE MIDLAND INC, founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $127K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $117K left a modest 8% surplus.

Mission

Serve MIDLAND CONDUCTS a charity tennis tournament that hosts both men and women tennis teams from all ratings to participate in a two-day event. The players tournament is then followed on the second day with an exhibition match from tennis professionals and an evening celebration for sponsors, players, and attendees. Sponsorships/teams/and individual tickets are raised through the fall/winter and then used to put on the Serve Midland event in April. Raffles and donations are encouraged to increase the revenue, all with the goal of giving a chosen non-profit beneficiary a check for their organization at the event. This is a fun and easy way to pair the spirit of philanthropy with the game of tennis that has become increasingly more popular in Midland. It also provides vital funding for other nonprofits that are consistently doing important work and providing social services for residents of Midland.

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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 (2023)

Revenue Breakdown

Contributions & Grants $166,500
Program Service Revenue $0
Investment Income $0
Other Revenue $-39,651
TOTAL REVENUE $126,849

Expense Breakdown

Grants Paid $115,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $115,000
Other Expenses $1,945
TOTAL EXPENSES $116,945

Year-over-Year Comparison

2023 2022 Change
Revenue $126,849 $66,283 +0.9%
Expenses $116,945 $61,805 +0.9%
Net Income $9,904 $4,478 +1.2%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
20

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COURTNEY MIDKIFF Director 1.00
Director
$0 $0 $0
MARTIN RAMIREZ Director 1.00
Director
$0 $0 $0
BILLIE VAN'T HOF Director 1.00
Director
$0 $0 $0
MEGAN HOHENBERGER Director 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 No data No data No data No data
2023 $126,849 $116,945 $40,088 $9,904
2022 $66,283 $61,805 $30,184 $4,478
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