Usta National Tennis Center Inc

USTA National Tennis Center Inc. recovers revenue post-2020 but faces long-term financial challenges with high liabilities and historical operating deficits.

EIN: 132946690 · Purchase, NY · NTEE: N660 · Updated: 2026-03-28

$141.8MRevenue

$656.3MAssets

70/100Mission Score (Good)

N660

About Usta National Tennis Center Inc

Usta National Tennis Center Inc (EIN: 132946690) is a nonprofit organization based in Purchase, NY, classified under NTEE code N660. The organization reported total revenue of $141.8M and total assets of $656.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Usta National Tennis Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

USTA National Tennis Center Inc. demonstrates a fluctuating financial health over the past decade, with significant revenue volatility, particularly a sharp drop in 2020 to $6.6 million from over $100 million in prior years, followed by a strong recovery to $140.7 million in 2023. The organization consistently reports expenses exceeding revenue in most years, indicating a reliance on other funding sources or drawing down reserves, though 2023 showed a positive operating margin with $140.7 million in revenue against $130.1 million in expenses. The organization's assets have generally decreased from a peak of $819.9 million in 2018 to $631.8 million in 2023, while liabilities have remained substantial, often exceeding assets in recent years, suggesting a potentially leveraged financial position.

Spending efficiency is difficult to fully assess without a detailed functional expense breakdown, which is not provided in the summary data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead in that specific area. The organization's transparency appears high regarding executive compensation, as it consistently reports no officer compensation, which is a clear and easily verifiable fact from the filings. However, a more granular breakdown of program, administrative, and fundraising expenses would enhance the overall transparency and allow for a more precise evaluation of spending efficiency.

Overall, while the organization has shown resilience in revenue recovery post-2020, its long-term financial sustainability warrants closer examination due to the historical trend of expenses exceeding revenue and a high liability-to-asset ratio. The lack of reported officer compensation is a positive indicator for administrative cost control, but a complete picture of spending efficiency requires more detailed expense categorization.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Usta National Tennis Center Inc with a Mission Score of 70 out of 100 (Good). 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, Usta National Tennis Center Inc 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 organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is highly unusual for an organization of this size with over $140 million in annual revenue and hundreds of millions in assets.

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.

Red Flags

The following concerns were identified during AI analysis of Usta National Tennis Center Inc's IRS 990 filings:

Consistent historical operating deficits (expenses exceeding revenue in most years, e.g., 2022: $128.7M expenses vs $124.4M revenue).
High liability-to-asset ratio, with liabilities often exceeding assets (e.g., 2023: $746.7M liabilities vs $631.8M assets).
Significant revenue volatility, particularly the sharp drop in 2020 to $6.6 million, indicating vulnerability to external factors.
Unusually consistent 0% officer compensation for an organization of this scale, which may obscure actual executive remuneration through other means.

Strengths

The following positive indicators were identified for Usta National Tennis Center Inc:

Strong revenue recovery post-2020, reaching $140.7 million in 2023, demonstrating resilience.
Positive operating margin in the latest filing (2023: $140.7M revenue vs $130.1M expenses).
Consistent reporting of 0% officer compensation, indicating a potential commitment to minimizing direct executive salary costs.

Frequently Asked Questions about Usta National Tennis Center Inc

How does USTA National Tennis Center Inc. manage to operate with consistently reported 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that executive leadership may be compensated through a related entity, or that the roles are filled by volunteers, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990 form. This warrants further investigation into the organization's operational structure and compensation practices.

Given the historical trend of expenses exceeding revenue, how does the organization sustain its operations?

The organization likely sustains operations through significant non-operating revenues, such as investment income, capital contributions, or drawing down on reserves. For example, in 2022, revenue was $124.4 million while expenses were $128.7 million, indicating a deficit covered by other means.

What is the nature of the high liabilities, which often exceed assets, and how are they being managed?

The high liabilities, such as $746.7 million in 2023 against $631.8 million in assets, suggest significant debt or other financial obligations. This could be related to facility construction, long-term leases, or other financing arrangements. Understanding the composition and terms of these liabilities is crucial for assessing financial risk.

What specific programs does USTA National Tennis Center Inc. fund with its substantial revenue?

While the NTEE code N660 indicates 'Tennis & Racquet Sports,' the provided data does not detail specific programs. Given the large revenue, it's important to understand how these funds translate into direct program services for tennis development, events, or community engagement.

Filing History

IRS 990 filing history for Usta National Tennis Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Usta National Tennis Center Inc's revenue has grown by 187.3%, moving from $49.0M to $140.8M. Total assets increased by 147% over the same period, from $255.8M to $631.9M. Total functional expenses rose by 115%, from $60.5M to $130.1M. In its most recent filing year (2023), Usta National Tennis Center Inc reported a surplus of $10.7M, with revenue exceeding expenses. The organization holds $746.7M in liabilities against $631.9M in assets (debt-to-asset ratio: 118.2%), resulting in net assets of $-114,837,204.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$140.8M	$130.1M	$631.9M	$746.7M	—	—
2022	$124.4M	$128.7M	$645.4M	$771.7M	—	View 990
2021	$101.3M	$120.9M	$677.3M	$799.2M	—	View 990
2020	$6.6M	$105.2M	$724.8M	$826.9M	—	View 990
2019	$110.6M	$138.5M	$756.5M	$760.0M	—	View 990
2018	$94.3M	$119.2M	$819.9M	$795.6M	—	View 990
2017	$92.6M	$110.7M	$684.5M	$635.3M	—	View 990
2016	$74.6M	$104.9M	$693.8M	$626.5M	—	View 990
2015	$66.3M	$80.7M	$554.5M	$456.8M	—	View 990
2014	$57.0M	$72.2M	$538.3M	$426.2M	—	View 990
2013	$57.4M	$63.5M	$239.8M	$113.3M	—	View 990
2012	$61.0M	$62.6M	$245.2M	$113.2M	—	View 990
2011	$49.0M	$60.5M	$255.8M	$122.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $140.8M, expenses of $130.1M, and assets of $631.9M (revenue +13.1% year-over-year).
2022: Revenue of $124.4M, expenses of $128.7M, and assets of $645.4M (revenue +22.8% year-over-year).
2021: Revenue of $101.3M, expenses of $120.9M, and assets of $677.3M (revenue +1425.9% year-over-year).
2020: Revenue of $6.6M, expenses of $105.2M, and assets of $724.8M (revenue -94.0% year-over-year).
2019: Revenue of $110.6M, expenses of $138.5M, and assets of $756.5M (revenue +17.3% year-over-year).
2018: Revenue of $94.3M, expenses of $119.2M, and assets of $819.9M (revenue +1.9% year-over-year).
2017: Revenue of $92.6M, expenses of $110.7M, and assets of $684.5M (revenue +24.0% year-over-year).
2016: Revenue of $74.6M, expenses of $104.9M, and assets of $693.8M (revenue +12.6% year-over-year).
2015: Revenue of $66.3M, expenses of $80.7M, and assets of $554.5M (revenue +16.3% year-over-year).
2014: Revenue of $57.0M, expenses of $72.2M, and assets of $538.3M (revenue -0.7% year-over-year).
2013: Revenue of $57.4M, expenses of $63.5M, and assets of $239.8M (revenue -5.8% year-over-year).
2012: Revenue of $61.0M, expenses of $62.6M, and assets of $245.2M (revenue +24.4% year-over-year).
2011: Revenue of $49.0M, expenses of $60.5M, and assets of $255.8M.

Data Sources and Methodology

This transparency report for Usta National Tennis Center Inc 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.