Exalta Health Annual Report
October 1, 2019 – September 30, 2020

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.