Institutional Acupuncture Institutional Acupuncture - Rocky Mountain ...

RMI Annual Report 2009 – 2010Statement of Activities—Audited (thousands of current dollars, GAAP basis)12 months ending6/30/10% OperatingRevenue12 months ending6/30/09% OperatingRevenue12 months ending6/30/08% OperatingRevenueOPERATING REVENUES AND SUPPORTConsulting $3,303 24.7% $4,843 37.3% $5,227 41.0%Foundation and Government Grants 4,031 30.1% 4,690 36.1% 2,570 20.2%Individual and Corporate Contributions 5,838 43.6% 3,113 24.0% 4,573 35.9%Publishing and Royalty Revenue 13 0.1% 41 0.3% 41 0.3%Contributed Facilities/In-Kind Donations 135 1.0% 135 1.1% 139 1.1%Other Revenue 72 0.5% 162 1.2% 186 1.5%TOTAL OPERATING REVENUES AND SUPPORT 13,392 100.0% 12,984 100.0% 12,736 100.0%OPERATING EXPENSESProgram Services 9,459 70.6% 10,062 77.5% 9,265 72.7%Expenses on behalf of Windstar Land Conservancy 102 0.8% 86 0.7% 71 0.6%Management and General 1,274 9.5% 1,610 12.4% 1,798 14.1%Fundraising 1,116 8.3% 1,258 9.7% 1,096 8.6%Total Operating Expenses 11,951 89.2% 13,016 100.2% 12,230 96.0%OPERATING MARGIN 1,441 10.8% (32) (0.2%) 506 4.0%NON-OPERATING REVENUESGain/(Loss) on Sale of Assets (3) 0.0% — 0.0% 75 0.6%Gain/(Loss) on Sale of Investments (39) (0.3%) (262) (2.0%) (218) (1.7%)Investment Income 142 1.1% 185 1.4% 224 1.8%Total Non-Operating Income 100 0.7% (77) (0.6%) 81 0.6%NON-OPERATING EXPENSESDepreciation 286 2.1% 277 2.1% 161 1.3%Prior Period Adjustment — 0.0% — 0.0% 700 5.5%Facilities Contributed Expense 135 1.0% 197 1.5% 135 1.1%Interest Expense 85 0.6% 78 0.6% 87 0.7%Total Non-Operating Expenses 506 3.8% 552 4.3% 1,083 8.5%CHANGE IN NET ASSETS 1,035 7.7% (661) (5.1%) (496) (3.9%)37