Is Lake Norman Tennis Association Legit?

The Lake Norman Tennis Association demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization has seen its revenue steadily increase from $139,041 in 2013 to $253,854 in 2022, with the latest reported revenue at $314,908. This growth is also reflected in its assets, which have grown from $105,733 to $219,212 over the same period, indicating sound financial management and accumulation of resources. The organization maintains a very low liability profile, consistently keeping liabilities under $10,000, which is a strong indicator of financial stability and responsible debt management. A key strength is the reported 0% officer compensation across all filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive sign for donor confidence regarding administrative costs. While specific program spending percentages are not provided in the raw data, the overall financial trends suggest a well-managed organization with a focus on its mission, given the absence of significant red flags related to executive pay or excessive liabilities. To further assess spending efficiency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial. However, based on the available data, the organization's financial health appears robust, characterized by growth, low liabilities, and no reported officer compensation, which generally points to a high degree of financial prudence and transparency in its leadership's compensation structure.