ASSOCIATED BLACK CHARITIES, INC. Statements of Financial Position As of December 31, 2018 and 2017 The accompanying notes are an integral part of these financial statements. 3 2018 2017

ASSETS Cash and cash equivalents $ 3,144,997 $ 1,969,182 Investments 180,765 188,329 Assets whose use is limited 110,553 110,553 Grants receivable, net 2,647,684 2,824,804 Loans and note receivable, net 477,001 649,961 Prepaid and other assets 46,463 30,609 Property and equipment, net 61,463 13,344 Total Assets $ 6,668,926 $ 5,786,782 LIABILITIES AND NET ASSETS Accounts payable $ 482,339 $ 43,606 Grants payable to providers for HIV Emergency Relief Grant Program - Ryan White 2,269,232 2,795,156 Accrued expenses and other liabilities 35,752 75,902 Deferred revenue 3,000 38,000 Deferred revenue - revolving loan fund 890,383 1,249,547 Managed funds payable 110,553 110,553 Total Liabilities 3,791,259 4,312,764 Net Assets Without donor restrictions 1,414,213 1,163,617 With donor restrictions 1,463,454 310,401 Total Net Assets 2,877,667 1,474,018 Total Liabilities and Net Assets $ 6,668,926 $ 5,786,782

ASSOCIATED BLACK CHARITIES, INC. Statements of Activities and Changes in Net Assets For the Years Ended December 31, 2018 and 2017 The accompanying notes are an integral part of these financial statements. 4 CHANGE IN NET ASSETS WITHOUT DONOR 2018 2017 RESTRICTIONS Revenue and Support Federal grants $ 14,560,550 $ 14,531,177 State and local grants 4,725,704 170,837 Contributions 1,105,620 757,515 Special events, net of direct expenses of $221,546 and $214,491, respectively 387,325 536,914 Interest income 78,489 72,019 Management fees and other income 375,427 127,283 Investment (loss) income (8,904) 9,397 Total Revenue 21,224,211 16,205,142 Net assets released from restrictions 229,717 615,903 Total Revenue and Support 21,453,928 16,821,045 Expenses Program services HIV/AIDS Emergency Relief 14,483,400 14,710,103 Community service 5,096,641 442,498 Other program services 436,513 436,221 Total program services 20,016,554 15,588,822 General and administrative 962,763 884,454 Development & Fundaraing 224,015 179,677 Total general and administrative 1,186,778 1,064,131 Total Expenses 21,203,332 16,652,953 Change in net assets without donor restrictions 250,596 168,092 CHANGE IN NET ASSETS WITH DONOR RESTRICTIONS Contributions 1,382,770 188,750 Satisfaction of restrictions (229,717) (615,903) 1,153,053 (427,153) Changes in net assets 1,403,649 (259,061) Net assets, beginning of year 1,474,018 1,733,079 Net Assets, End of Year $ 2,877,667 $ 1,474,018

useABC's Financial Statementand an Excel Spreadsheet for this section. You may provide screenshots of the Excel spreadsheet to show your work within the presentation.

• Use a minimum of (3) Ratios to Assist in Analyzing the Financial Statement (Show Your Work):
• Common Size Ratio
• Liquidity Ratio
• Asset Turnover or Efficiency Ratio
• Leverage and Coverage Ratio
• Profitability Ratio
• Program Expense Ratio

Step#3. Analysis:Analyze each represented calculation. In other words, what does the result mean? Look below for more vetting ideas:

Liquidity?

Solvency?

Income concentration?