Lake Norman Tennis Association
Lake Norman Tennis Association shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 113709384 · Cornelius, NC · NTEE: N31 · Updated: 2026-03-28
Is Lake Norman Tennis Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Norman Tennis Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Norman Tennis Association
Lake Norman Tennis Association (EIN: 113709384) is a nonprofit organization based in Cornelius, NC, classified under NTEE code N31. The organization reported total revenue of $315K and total assets of $219K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Norman Tennis Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Norman Tennis Association with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Lake Norman Tennis Association allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Lake Norman Tennis Association consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through non-officer channels, which is highly favorable for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lake Norman Tennis Association:
- Consistent revenue growth over the past decade, from $139,041 in 2013 to $253,854 in 2022.
- Zero reported officer compensation across all filings, indicating efficient use of funds for leadership.
- Strong asset growth, with assets increasing from $105,733 in 2013 to $219,212 currently.
- Very low liabilities consistently maintained, demonstrating strong financial management and minimal debt (e.g., $2,399 in 2022).
- Positive net income in most recent years (e.g., $9,351 in 2022 and $29,167 in 2021), indicating financial sustainability.
Frequently Asked Questions about Lake Norman Tennis Association
Is Lake Norman Tennis Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Norman Tennis Association (EIN: 113709384) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Lake Norman Tennis Association spend its money?
Lake Norman Tennis Association directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lake Norman Tennis Association tax-deductible?
Lake Norman Tennis Association is registered as a tax-exempt nonprofit (EIN: 113709384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lake Norman Tennis Association financially stable?
Yes, the organization appears financially stable, demonstrating consistent revenue growth from $139,041 in 2013 to $253,854 in 2022, and a healthy asset base of $219,212 with very low liabilities (e.g., $2,399 in 2022).
Does Lake Norman Tennis Association pay its officers?
Based on the IRS 990 filings, Lake Norman Tennis Association consistently reports 0% officer compensation for all periods, suggesting officers are not compensated or are volunteers.
Has the organization's revenue been growing?
Yes, the organization has shown significant revenue growth, increasing from $100,379 in 2020 to $253,854 in 2022, and a latest reported revenue of $314,908.
What is the organization's asset-to-liability ratio?
The organization maintains a very strong asset-to-liability ratio. For example, in 2022, assets were $165,059 against liabilities of $2,399, indicating excellent financial health.
Filing History
IRS 990 filing history for Lake Norman Tennis Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Lake Norman Tennis Association's revenue has grown by 465.2%, moving from $45K to $254K. Total assets increased by 183.9% over the same period, from $58K to $165K. Total functional expenses rose by 424%, from $47K to $245K. In its most recent filing year (2022), Lake Norman Tennis Association reported a surplus of $9K, with revenue exceeding expenses. The organization holds $2K in liabilities against $165K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $163K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $254K | $245K | $165K | $2K | — | View 990 |
| 2021 | $232K | $203K | $156K | $2K | — | View 990 |
| 2020 | $100K | $150K | $128K | $3K | — | View 990 |
| 2019 | $164K | $165K | $178K | $3K | — | View 990 |
| 2018 | $165K | $167K | $184K | $8K | — | View 990 |
| 2017 | $179K | $179K | $187K | $10K | — | View 990 |
| 2016 | $177K | $160K | $183K | $5K | — | View 990 |
| 2015 | $163K | $137K | $169K | $6K | — | View 990 |
| 2014 | $154K | $122K | $139K | $2K | — | View 990 |
| 2013 | $139K | $100K | $106K | $445 | — | View 990 |
| 2012 | $68K | $58K | $67K | $439 | — | View 990 |
| 2011 | $45K | $47K | $58K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $254K, expenses of $245K, and assets of $165K (revenue +9.4% year-over-year).
- 2021: Revenue of $232K, expenses of $203K, and assets of $156K (revenue +131.3% year-over-year).
- 2020: Revenue of $100K, expenses of $150K, and assets of $128K (revenue -38.9% year-over-year).
- 2019: Revenue of $164K, expenses of $165K, and assets of $178K (revenue -0.5% year-over-year).
- 2018: Revenue of $165K, expenses of $167K, and assets of $184K (revenue -7.9% year-over-year).
- 2017: Revenue of $179K, expenses of $179K, and assets of $187K (revenue +1.4% year-over-year).
- 2016: Revenue of $177K, expenses of $160K, and assets of $183K (revenue +8.7% year-over-year).
- 2015: Revenue of $163K, expenses of $137K, and assets of $169K (revenue +5.5% year-over-year).
- 2014: Revenue of $154K, expenses of $122K, and assets of $139K (revenue +10.8% year-over-year).
- 2013: Revenue of $139K, expenses of $100K, and assets of $106K (revenue +104.7% year-over-year).
- 2012: Revenue of $68K, expenses of $58K, and assets of $67K (revenue +51.2% year-over-year).
- 2011: Revenue of $45K, expenses of $47K, and assets of $58K.
Data Sources and Methodology
This transparency report for Lake Norman Tennis Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.