1,038
Medical Patients Served
1,202
Dental Patients Served
9,103
Total Services Provided
Welcome to Exalta Health’s Annual report for October 1, 2019 – September 30, 2020.
Through this report, we are sharing with you data about patients and financial numbers that tell in part the year for Exalta Health. But if you want to know and understand the REAL story of our year, you need to read the stories of Clinton Walker a dental patient, Josh Kuperus, a young man who volunteers weekly at our clinic, or the story of one of our nurse practitioners, Laura Kass, who works for Metro Health Hospital and once a week volunteer with us. These stories not only fulfill our mission of reflecting Christ to those around us, but also portray our vision of a collaborative community making healthcare affordable and accessible and helping to develop wellness for all.
We appreciate your time in reading our report. If as you read, questions arise, or you would want to know more about Exalta Health, please give us a call.
Financial
INCOME
TOTAL: $1,581,311
| Donations | $959,048 |
| Services | $386,068 |
| Other | $236,195 |
| TOTAL | $1,581,311 |
DONATIONS
TOTAL: $959,048
| Individuals | $293,041 |
| Foundations | $150,000 |
| Corporations | $26,480 |
| Donated Services | $187,406 |
| Churches | $49,949 |
| Special Events | $251,879 |
| TOTAL | $959,048 |
“I tell everyone I know about Exalta Health. I’m telling you the people are phenomenal. It’s a gift from God.”
Clinton, Exalta Health Dental Patient
EXPENSES
TOTAL: $1,838,168
| Salaries & Benefits | $1,106,664 |
| Donated Services | $188,395 |
| Labs/Medical Supplies | $167,450 |
| Facility, Equipment, Utilities & Maintenance | $36,622 |
| Office Supplies, Dues & Training | $37,416 |
| Contracted Services | $12,500 |
| Legal & Accounting | $82,441 |
| Printing & Postage | $49,668 |
| Insurance (Building & Liability) | $18,353 |
| Bank Fees & Interest | $14,605 |
| Special Events |
$66,344 |
| Other | $57,710 |
| TOTAL | $1,838,168 |
| Program Services | $1,363,033 |
| Management & General | $408,791 |
| Fundraising | $66,344 |
| TOTAL | $1,838,168 |
Assets & Liabilities
Statements of Financial Position
September 30, 2020, compared to September 30, 2019
ASSETS |
2020 | 2019 |
Current Assets |
||
| Cash and cash equivalents | $225,371 | $101,657 |
| Prepaid expenses | $9,330 | $6,302 |
| Total current assets | $234,701 | $107,859 |
Property & Equipment |
||
| Land | $20,000 | $20,000 |
| Building | $889,460 | $882,313 |
| Medical equipment | $20,476 | $22,976 |
| Office equipment and furniture | $102,575 | $85,736 |
| Dental equipment | $121,432 | $121,432 |
| Total property and equipment | $1,153,943 | $1,132,457 |
| Less accumulated depreciation | $634,057 | $597,875 |
| Net property and equipment | $519,886 | $534,582 |
| TOTAL ASSETS | $754,587 | $642,441 |
LIABILITIES & NET ASSETS |
2019 | 2018 |
Current Liabilities |
||
| Accounts payable | $30,884 | $39,433 |
| Short-term borrowings | $- | 40,000 |
| Accrued payroll and payroll taxes | $40,054 | $38,675 |
| Current portion of long-term debt | $1,175 | $1,039 |
| Total current liabilities | $72,113 | $119,147 |
| Long-term debt, net of current portion | $214,027 | 4,138 |
| Total liabilities |
$286,140 | $123,285 |
Net Assets |
||
| Unrestricted | $418,779 | $437,364 |
| Temporarily restricted | $49,688 | $81,792 |
| Total net assets |
$468,447 | $519,156 |
| TOTAL LIABILITIES & NET ASSETS |
$754,587 | $642,441 |
Complete Audited Financials are available upon request. Contact Thressa Hoekstra at thoekstra@exaltahealth.org.