FY18 Annual Report

COMPARATIVE STATEMENT OF FINANCIAL POSITION FY18 FINANCIAL POSITION Liabilities as of 6/30/18 $3,560,926 Assets as of 6/30/18 $8,558,041 BREAKDOWN OF FY18 OPERATING RESULTS 6/30/2018 8/31/2017 Variance ASSETS Cash & Cash Equivalents $1,106,734 $367,999 $738,735 Investments $762,717 $777,008 ($14,291) Accounts Receivable (net) $288,218 $186,020 $102,198 Prepaid Expenses $279,658 $93,711 $185,947 Property & Equipment (net) $6,120,714 $6,260,900 ($140,186) Total Assets $8,558,041 $7,685,638 $872,403 LIABILITIES Accounts Payable & Acc rued Expenses $206,756 $828,593 ($621,837) Acc rued Vacation $62,458 $31,229 $31,229 Deferred Income $3,064,157 $893,736 $2,170,421 Capital Lease Obligations $64,200 $70,998 ($6,798) Line of Credit $0 $175,000 ($175,000) Notes Payable $163,355 $225,836 ($62,481) Total Liabilities $3,560,926 $2,225,392 $1,335,534 NET ASSETS Unrestric ted $4,757,115 $5,410,246 ($653,131) Temporarily Restric ted $240,000 $50,000 $190,000 Total Net Assets $4,997,115 $5,460,246 ($463,131) Total Liabilities and Net Assets $8,558,041 $7,685,638 $872,403 The large variances (e.g., Cash & Cash Equivalents, Deferred Income, Accounts Payable & Accrued Expenses, etc.) are directly atrributed to our adjusted fiscal year end which does not include Camp Yachad revenue and related summertime expenses. As a result of the change in fiscal year end, we began FY19 in a solid financial position with positive cash flow. 71% 13% 16% 0% Program Income $4,288,043 Development $788,394 Membership $937,803 Investment Income $29,120 62% 1% 3% 34% Program Expense $3,819,587 Development $83,794 Membership $190,396 Operations $2,056,391 13% 9% 3% 3% 72% Cash & Cash Equivalents Investments Accounts Receivable (net) Prepaid Expenses Property & Equipment (net) 13 3% 3% 72% Cash & Cash Equivalents Investments Accounts Receivable (net) Prepaid Expenses Proper y & Equipment (net) 13% 9% 3% 3% 72% Cash & Cash Equivalents Investments Accounts Receivable (net) Prepaid Expenses Property & Equipment (net) 6% 2% 86% 2% 0% 4% Accounts Payable & Accrued Expenses Accrued Vacation Deferred Income Capital Lease Obligations Line of Credit Notes Payable 13% 9% 3% 3% 72% Cash & Cash Equivalents Investments Accounts Receivable (net) Prepaid Expenses Property & Equipment (net) 6% 2% 86% 2% 0% 4% Accounts Payable & Accrued Exp nses Accrued Vacation Deferred Income Capital Lease Obligations Line of Credit Notes Payable 13% 9% 3% 72% Cash & Cash Equivalents Investments Accounts Receivable (net) Pr paid Expenses Property & Equipment (net) 6% 2% 86% 2% 0% 4 Accounts Payable & Accrued Expenses r Vacation Deferred Income Capital Lease Obligations Line of Credit Notes Payable 71% 13% 16% 0% Program Income $4,288,043 Development $788,394 Membership $937,803 Investment Income $29,120 62% 1% 3% 34% Program Expense $3,819,587 Development $83,794 Membership $190,396 Operations $2,056,391 62% 1% 3% 34% Program Expense $3,819,587 Development $83,794 Membership $190,396 Operatio s $2,056,391 62% 1% 3% 34% Program Expense $3,819,587 Development $83,794 Membership $190,396 Operations $2,056,391 Operating Net $(106,808) FY18 Total Operating Revenue $6,043,360 FY18 Total Operating Expenses $6,150,168 <1 1%