THE LEDGE (F/K/A FLY AWAY HOME)

EIN: 854225974 501(c)(3) Recreation & Sports

SPRING CREEK, TN

Total Revenue
$484,567
Total Expenses
$166,932
Total Assets
$2,372,880
Net Assets
$2,370,867
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TN
Principal Officer
DONNA THOMAS
Phone
9018325181
Tax Period
2023-01-01 to 2023-12-31

THE LEDGE (F/K/A FLY AWAY HOME), founded in 2020, is a small nonprofit in the Recreation & Sports sector that reported $485K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $318K, a strong 66% operating margin.

Mission

THE LEDGE'S MISSION IS TO SERVE THE SPRING CREEK AND SURROUNDING RURAL COMMUNITY RESIDENTS WITH FAITH- AND FAMILY-BASED PROGRAMS THAT FOSTER EDUCATION, ECONOMIC PROSPERITY, AND COMMUNITY PRESERVATION. THE LEDGE SEEKS TO BRING THE COMMUNITY OF SPRING CREEK AND SURROUNDING AREAS TOGETHER WITH EDUCATION AND PRACTICAL INSTRUCTION PROGRAMS, CONSIGNMENT SALES OF LOCALLY PRODUCED CRAFT PRODUCTS, AND CIVIC AND PRIVATE EVENTS AS REQUESTED BY LOCAL RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $468,227
Program Service Revenue $0
Investment Income $0
Other Revenue $16,340
TOTAL REVENUE $484,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $65,482
Fundraising Expenses $0
Program Expenses $82,346
Other Expenses $101,450
TOTAL EXPENSES $166,932

Year-over-Year Comparison

2023 2022 Change
Revenue $484,567 $1,163,714 -0.6%
Expenses $166,932 $21,752 +6.7%
Net Income $317,635 $1,141,962 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$48,837
Total Directors
9
$48,837
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA THOMAS PRESIDENT/ EXECUTIVE DIREC 20.00
Officer Director
$42,057 $0 $42,057
ANGEL WILLIAMS SECRETARY 5.00
Officer Director
$6,780 $0 $6,780
ANGELA SNIDER DIRECTOR 1.00
Director
$0 $0 $0
TERESA BOX DIRECTOR 1.00
Director
$0 $0 $0
MARK CALDWELL DIRECTOR 1.00
Director
$0 $0 $0
JULIE GAUGH DIRECTOR 1.00
Director
$0 $0 $0
TONY WHITE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WOOLFOLK DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH SUDDERTH DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $484,567 $166,932 $2,372,880 $317,635
2022 $1,163,714 $21,752 $2,059,718 $1,141,962
2021 $188,500 $7,369 $910,801 $181,131
2020 $723,222 No data $723,222 No data
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