CHIP 2021-2022 Annual Report

CHIP OF ROANOKE VALLEY 2021-2022 FINANCIAL REPORT CHIPRV.ORG 6

Close attention to financial sustainability Our financial health for the fiscal year ending June 30, 2022

FISCAL YEAR

2021-22

2020-21

CURRENT ASSETS Cash

$114,740 158,441

$235,561 140,303 160,302

Current Pledges & Grants Receivable Third Party Receivables & Other AR

36,111 15,083

Donations support these programs:

Other Current Assets Total Current Assets

18,988

$324,375

$555,154

Asthma Case Management

Investments in Marketable Securities Non-Current Pledges Receivable Fixed Assets (less Accumulated Depreciation)

$2,227,360

$2,349,380

Oral Health

8,500

10,000

Family Strengthening Services

1,493,600

1,548,574

Total Non-Current Assets

$3,729,459 $4,053,835

$3,907,954 $4,463,108

Health Care Coordination

TOTAL ASSETS

Medically Needy & NICU Case Management

CURRENT LIABILITIES Accounts Payable & Payroll Liabilities

Pregnant Moms Program

$111,620

$166,072

Other Current Liabilities TOTAL LIABILITIES NET ASSETS Undesignated Funds

44,981

46,841

Mental Health Counseling

$156,601

$212,913

$1,635,903 2,227,360

$1,857,447 2,349.380

Board Designated Endowment Funds with Donor Restrictions

33,971

43,368

TOTAL NET ASSETS

$3,897,234

$4,250,195

LIABILITIES AND NET ASSETS TOTAL

$4,053,835 $4,463,108

Ratios of Financial Efficiency Revenue to Expenses Ratio: 58%

Program to Total Expenses Ratio: 82% Program Expenses............................. $1,333,040 Total Expenses..................................... $1,631,628 CHIP fulfills our mission, as well as donor expectations, by spending 82% of total functional expenses in direct support of our programs. Donors support CHIP with confidence, knowing their gifts are used responsibly to impact lives in our community.

Unrestricted Contributions. .............. $843,730 Total Revenue...................................... $1,453,887 Over half of CHIP of Roanoke Valley’s annual revenue is comprised of unrestricted contributions (General contributions, UnitedWay, Third Party Reimbursement). This diverse mix of revenue sources allows CHIP to remain sustainable and adaptable.