Financials

Consolidated Statement of Operations and Changes in Net Assets Unaudited Audited
Year Ended March 31 2016 2015
Net revenues from services to patients $93,368,637 $90,693,886
Bad Debts ($236,028) ($164,020)
Other revenue 4,632,980 3,789,876
Total Revenue 97,765,590 94,319,742
Salaries, wages and employee benefits 70,893,039 * 71,613,788
Supplies and other 20,166,607 20,085,567
Interest 2,110,142 2,151,308
Depreciation and amortization 3,893,804 3,695,187
Total Operating Expense 97, 063,593 * 97,545,850
Income (loss) from operations 701,997 * (3,226,108)
Investments 967,286 2,861,455
Other nonoperating activity (1,039,664) 6,457,381
Increase (decrease) in unrestricted net assets $629,620 * $6,092,728
* includes $4M one time costs relating to termination of pension plan

 

 

Consolidated Balance Sheet Unaudited Audited
As of March 31 2016 2015
Cash and cash equivalents $1,404,362 $3,874,525
Investment securities 58,367,674 55,819,964
Accounts receivable 13, 031,651 14,333,447
Property, plant and equipment 51,140,669 51,120,871
Other assets 21,058,227 21,053,898
Total Assets $145,002,583 $146,202,705
Accounts Payable $2,389,194 $2,523,158
Salaries, wages and accruals 6,983,817 6,894,289
Other 13,391,894 14,405,701
Long term debt 50,391,696 51,396,696
Unrestricted net assets 69,713,574 68,931,834
Temporarily and permanently restricted net assets 2,132,408 2,051,027
Total liabilities and net assets $145,002,583 $146,202,705