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United States Tennis Association Finances

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March 4, 2001 | LISA DILLMAN, TIMES STAFF WRITER
The United States Tennis Assn. came under scrutiny from its membership as well as its former leadership last year when an expected surplus of more than $500,000 in 1999 turned into a deficit of nearly $13 million. This was attributable to a twin set of circumstances--unexpected operating expenses and investment setbacks. Although the books have not yet closed on 2000, the organization was once again hurt by market conditions.
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SPORTS
March 4, 2001 | LISA DILLMAN, TIMES STAFF WRITER
The United States Tennis Assn. came under scrutiny from its membership as well as its former leadership last year when an expected surplus of more than $500,000 in 1999 turned into a deficit of nearly $13 million. This was attributable to a twin set of circumstances--unexpected operating expenses and investment setbacks. Although the books have not yet closed on 2000, the organization was once again hurt by market conditions.
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