Financial Home
2003 Financial Data | 2002 Financial Data | 2001 Financial Data

Financial Information for the 2002 Fiscal Year

Revenues     Expenses   Service Fees $3,001,112   Program Services   Contributions and memorials 9,668   - Processing and distribution $109,500 Interest income 18,116   - Communications center 555,790 Grants 14,189   - Recovery services 670,142 Donor center revenue 76,651   - Clinical services 531,464 Loss on disposal of property -0-   - Quality systems/regulatory 86,135     - Hospital education and development 387,942       - Community and professional relations 41,775       - Research and development -0-       Support services - management/general 420,031   $3,119,736     $2,802,779

Balance Sheet Assets     Liabilities and Net Assets   Current Assets     Current Liabilities   - Cash and equivalents $196,221   - Current maturies of long-term debt -0- - Temporary investments 413,527   - Accounts payable 53,088 - Accounts receivable 449,374   - Accrued payroll and expenses 53,589 - Sales tax refund 21,764     106,677 - Other receivables -0-   Long-term debt - Prepaid expenses 40,941   Net Assets - Inventory 25,040   - Unrestricted   1,146,867   -- Undesignated 1,010,561 Property and Equipment     -- Board designated 413,527 - Leasehold improvements 122,593     1,424,088 - Furniture, fixtures and equip. 422,590       - Vehicles 142,425         687,608       - Less accumulated depreciation 315,323         372,285       Other Assets         - Cash surrender value of life ins. 11,613                 Total $1,530,765     $1,530,765

NOTE: The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use. Source: Guidestar