LITTLE ROCK OPEN PROFESSIONAL TENNIS FOUNDATION

EIN: 934296006 501(c)(3) Philanthropy & Grantmaking

Little Rock, AR

Total Revenue
$267,703
Total Expenses
$281,945
Total Assets
$10,765
Net Assets
$10,765
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
AR
Principal Officer
JAY M HEFLIN
Phone
5018882345
Tax Period
2024-01-01 to 2024-12-31

LITTLE ROCK OPEN PROFESSIONAL TENNIS FOUNDATION, founded in 2023, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $268K in total revenue in fiscal year 2024. Revenue surged 971% from the prior year, signaling strong growth momentum.

Mission

THE FND WILL RAISE FUNDS FOR VARIOUS CHARITABLE PURPOSES. FOR 2024 IT WILL ORGANIZE A USTA PRO CIRCUIT OPEN PROF TENNIS TOURNAMENT IN LITTLE ROCK, AR.WITH THE PROFITS SUPPORTING THE BONE MARROW TREATMENT PROGM AT UAMS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,339
Program Service Revenue $0
Investment Income $161
Other Revenue $2,203
TOTAL REVENUE $267,703

Expense Breakdown

Grants Paid $15,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $281,945
Other Expenses $266,945
TOTAL EXPENSES $281,945

Year-over-Year Comparison

2024 2023 Change
Revenue $267,703 $25,007 +9.7%
Expenses $281,945 N/A N/A
Net Income $-14,242 $25,007 -1.6%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
150

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY M HEFLIN DIRECTOR 005.00
Officer Director
$0 $0 $0
MARC W HEFLIN DIRECTOR 005.00
Officer Director
$0 $0 $0
FRED STEARNS DIRECTOR 002.00
Officer 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
2025 No data No data No data No data
2024 $267,703 $281,945 $10,765 $-14,242
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