FRIENDS AND ASSOCIATES OF CHILMARK TENNIS INC (EIN 923228206) - 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

2023

Legal Domicile

Principal Officer

JAY GROSSMAN

Phone

9146292888

Tax Period

2024-01-01 to 2024-12-31

FRIENDS AND ASSOCIATES OF CHILMARK TENNIS INC, founded in 2023, is a micro nonprofit in the Recreation & Sports sector that reported $39K in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $34K left a modest 11% surplus.

Mission

FRIENDS OF CHILMARK TENNIS (FACT) IS A COMMUNITY-BASED ORGANIZATION WHOSE PURPOSE IS TO SUPPORT AND FURTHER DEVELOP THE CHILMARK TENNIS PROGRAM. THE GOALS AND OBJECTIVES OF FACT ARE TO PROMOTE ADULT AND YOUTH TENNIS IN CHILMARK AND UP-ISLAND, TO DEVELOP ATHLETIC AND HEALTH-ORIENTED SKILLS, ENCOURAGE TEAMWORK, SPORTS ETIQUETTE, AND GOOD SPORTSMANSHIP AND MOST OF ALL, TO HAVE FUN. THE ORGANIZATION SHALL SPONSOR YOUTH INSTRUCTIONAL PROGRAMS (GENERATING SCHOLARSHIPS BASED ON NEED) AND CREATE MENTORSHIP PROGRAMS FOR YOUNG ADULTS.

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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 $8,380

Program Service Revenue $30,156

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $956

Program Expenses $33,160

Other Expenses $34,116

TOTAL EXPENSES $34,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,536	$19,221	+1.0%
Expenses	$34,116	$6,346	+4.4%
Net Income	$4,420	$12,875	-0.7%

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
MARGARET BODNAR	SECRETARY &	N/A	Director	$0	$0	$0
JAY GROSSMAN	CHAIR & DIRE	N/A	Officer Director	$0	$0	$0
JEFF HORENSTEIN	DIRECTOR	N/A	Director	$0	$0	$0
JILL HOBBY NAPIOR	TREASURER &	N/A	Director	$0	$0	$0
CARMEN WILSON	DIRECTOR	N/A	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	$38,536	$34,116	$17,295	$4,420
2023	$19,221	$6,346	$12,875	$12,875

FRIENDS AND ASSOCIATES OF CHILMARK TENNIS INC