CHIP Annual Report

CHIP OF ROANOKE VALLEY 2022-2023 FINANCIAL REPORT CHIPRV.ORG 6

An Inside Look at our Financial Health Resources & commitments for the fiscal year ending June 30, 2023

FISCAL YEAR

2022-23

2021-22

Donations support these programs: Asthma Case Management

CURRENT ASSETS Cash

$77,889 185, 068

$114,740 158,441

Current Pledges & Grants Receivable Third Party Receivables & Other AR

Oral Health

44,809 12,730

36,111 15,083

Family Strengthening Services

Other Current Assets Total Current Assets

$320,496

$324,375

Health Care Coordination

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

$2,072,200

$2,227,360

Medically Needy & NICU Case Management

2,500

8,500

1,474,217

1,493,600

Pregnant Moms Program

Total Non-Current Assets

$3,548,917 $3,869,413

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

TOTAL ASSETS

Mental Health Counseling

CURRENT LIABILITIES Accounts Payable & Payroll Liabilities

$102,318

$111,620

Other Current Liabilities49,140

49,140

44,981

TOTAL LIABILITIES

$151,458

$156,601

NET ASSETS Undesignated Funds

$1,610,218 2,072,200

$1,635,903 2,227,360

Board Designated Endowment Funds with Donor Restrictions

35,537

33,971

TOTAL NET ASSETS

$3,717,955

$3,897,234

LIABILITIES AND NET ASSETS TOTAL

$3,869,413 $4,053,835

Ratios of Financial Efficiency Revenue to Expenses Ratio: 55%

Program to Total Expenses Ratio: 82% Program Expenses............................. $1,439,358 Total Expenses..................................... $1,748,232 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. .............. $829,406 Total Revenue...................................... $1,510,826 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.