Operation Stand Down Tennessee
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$7,970,803.00
Projected Expenses
$7,970,803.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Operation Stand Down TN 501c3 letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $7,004,859.00 | $4,795,612.00 | $4,959,029.00 |
| Total Expenses | $5,091,215.00 | $4,109,403.00 | $4,494,388.00 |
| Revenue Less Expenses | $1,913,644.00 | $686,209.00 | $464,641.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $143,968.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $6,198,609.00 | $3,893,781.00 | $4,368,013.00 |
| Indirect Public Support | $100,540.00 | $100,540.00 | $0.00 |
| Earned Revenue | $274,843.00 | $180,212.00 | $117,240.00 |
| Investment Income, Net of Losses | $-6,341.00 | $-6,705.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $355,314.00 | $222,099.00 | $211,199.00 |
| Revenue In-Kind | $81,894.00 | $103,350.00 | $118,477.00 |
| Other | $0.00 | $459,987.00 | $132.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $4,178,462.00 | $3,390,185.00 | $3,834,455.00 |
| Administration Expense | $441,075.00 | $371,703.00 | $339,557.00 |
| Fundraising Expense | $471,678.00 | $347,515.00 | $320,376.00 |
| Total Revenue/Total Expenses | 138% | 117% | 110% |
| Program Expense/Total Expenses | 82% | 82% | 85% |
| Fundraising Expense/Contributed Revenue | 9% | 8% | 7% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $6,198,609.00 | Contributions, Gifts, and Grants $3,893,781.00 | Contributions, Gifts, and Grants $4,368,013.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $355,314.00 | Other Revenue $459,987.00 | Fundraising Events $211,199.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $274,843.00 | Fundraising Events $222,099.00 | Foundations and Corporations $143,968.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $12,435,937.00 | $7,132,562.00 | $6,658,731.00 |
| Current Assets | $5,526,299.00 | $2,391,501.00 | $1,827,170.00 |
| Long-Term Liabilities | $5,161,359.00 | $1,828,875.00 | $1,381,725.00 |
| Current Liabilities | $478,622.00 | $421,375.00 | $1,238,555.00 |
| Total Net Assets | $6,795,956.00 | $4,882,312.00 | $4,038,451.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$6,500.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Operation Stand Down Tennessee operates on a calendar year. Because of the volume and nature of our VA contracts, we typically need 30-45 days after month's end to reconcile, audit, and close the month. The finance team is currently understaffed. We anticipate posting 2023 year end financials by 1 March. We anticipate receiving the 2023 audit in late July and the Form 990 within two months of the audit. |
Foundation Staff Comments
| Financial figures are taken from the audit. Schedule B removed to protect donor privacy. Financial documents completed by Blankenship CPA Group PLLC. Comments provided by Nicole Rose 06/30/2023. |
