LEXINGTON CHALLENGER TENNIS CHARITY INC C/O JOHN BACKER (EIN 900793920) - 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

2012

Legal Domicile

Principal Officer

JOHN BACKER

Phone

8593358361

Tax Period

2024-01-01 to 2024-12-31

LEXINGTON CHALLENGER TENNIS CHARITY INC C/O JOHN BACKER, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $457K in total revenue in fiscal year 2024. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $404K left a modest 11% surplus.

Mission

TO ENCOURAGE THE CENTRAL KENTUCKY COMMUNITY TO MAINTAIN HEALTHY LIFESTYLES BY PROMOTING TENNIS AND HOSTING AN ANNUAL TOP LEVEL MENS AND WOMENS' PROFESSIONAL TENNIS TOURNAMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $118,500

Program Service Revenue $337,930

Investment Income $265

Other Revenue $0

TOTAL REVENUE $456,695

Expense Breakdown

Grants Paid $25,634

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $400,332

Other Expenses $378,652

TOTAL EXPENSES $404,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$456,695	$205,999	+1.2%
Expenses	$404,286	$215,784	+0.9%
Net Income	$52,409	$-9,785	-6.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BACKER	PRESIDENT	2.00	Director	$0	$0	$0
LARRY HALL	VICE PRESIDENT	2.00	Director	$0	$0	$0
TOM POSKIN	SECRETARY/TREASURER	2.00	Director	$0	$0	$0
SUSAN SLOAN	DIRECTOR	2.00	Director	$0	$0	$0
NICK HERBERT-JONES	DIRECTOR	2.00	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	$456,695	$404,286	$99,879	$52,409
2023	$205,999	$215,784	$43,899	$-9,785
2021	$213,175	$194,567	$104,027	$18,608
2020	$3,990	$11,098	$65,930	$-7,108
2019	$240,840	$222,148	$73,038	$18,692
2018	$236,543	$244,863	$54,346	$-8,320

LEXINGTON CHALLENGER TENNIS CHARITY INC C/O JOHN BACKER