Given the financial performance of the prior and last year, will the organization be in a favorable financial position? (Pt.2)

EXPENSES

Controllable Expenses

Salaries $11,356,234 $9,213,572

Travel $120,457 $110,721

Supplies $462,097 $459,674

Telephone $89,005 $87,001

Independent Contractors $102,937 $111,289

Subtotal Controllable Expenses $12,130,730 $9,982,257

Semi-Controllable Expenses

Fringe Benefits $3,406,870 $2,643,455

Payroll Taxes $908,499 $885,768

Other Taxes $63,560 $62,473

Utilities $962,342 $893,910

Insurance $12,748 $12,748

Subtotal Semi-Controllable Expenses $5,354,019 $4,498,354

Fixed Expenses

Mortgage $100,000 $100,000

Interest $167,910 $165,831

Lease Contracts $45,810 $45,810

Maintenance Contracts $28,979 $32,891

Depreciation $153,900 $1,540,789

Subtotal Fixed Expenses $496,599 $1,885,321

GRAND TOTAL EXPENSES $17,981,348 $16,365,932

PROFIT/LOSS $1,699,283 $ (1,029,009)