Income Statement and Change in Net Assets

Year Ended June 30, 2015

(in thousands)

Revenue		Premiums Earned		$26,682
		Co-Insurance		1,689
		Interest and other income		242
		Total Revenue		$28,613
Expenses
		Salaries and Benefits		$15,154
		Medical Supplies and Drugs		7,507
		Insurance		3,963
		Provision for Bad Debt		19
		Depreciation		367
		Interest		385
		Total Expenses		$27,395

Net Income			$1,218
Net Assets, Beginning of Year			$900
Net Assets, End of year			$2,118
Explain the factors that affect the results related to the financial health of this organization.