We have been successful in diversifying revenue sources that has enabled Access Community Health Centers’ expansion of services.
The following is anӬ overview of our finances from July 1, 2018 to June 30, 2019.
Assets
Cash and investments $5,344,053
Accounts receivable (net) $3,946,894
Property and equipment (net) $13,781,546
Pledges receivable capital campaign $8,500
Other assets $392,675
ӬTotal Assets $23,473,668
Liabilities and Net Assets
Accounts payable and accrued expenses $3,364,165
Debt $4,393,018
Other liabilities $1,121,277
Total Liabilities $8,878,460
Total Net Assets $14,595,208
Total Liabilities and Net Assets $23,473,668
Operations Revenues and Expenses FY19
Revenue
Patient services revenue (net) $23,773,634
Grants revenue $4,549,921
United Way $263,075
Contributions revenue $2,077,628
Other revenue $704,247
In-kind revenue $659,702
Total Revenue $32,028,207
Expenses
Personnel $19,043,557
Space and facilities $1,081,050
Supplies $1,533,327
Contractual $7,345,127
Depreciation $987,431
Minor equipment $303,403
Travel $43,541
Other $1,270,754
In-kind expenses $659,702
Total Expenses $32,267,892
Excess of Revenue Over Expenses $(239,685)