IPHA 2011-2012 Annual Report - Illinois Public Health Association

Financial SummaryIPHA Statement of Financial PositionASSETS 2010 2011Current AssetsCash and cash equivalents $ 1,134,468 $ 928,296Accounts receivable 1,193,586 1,273,178Prepaid Expenses 15,286Total current assets $ 2,343,340 $ 2,201,474Property and equipment 18,291 27,142TOTAL ASSETS $ 2,361,631 $ 2,228,616LIABILITIES AND NET ASSETS 2010 2011Current LiabilitiesRefundable advance $ 8,029 $ 35,789Deferred revenue 148,244 85,928Accounts payable 1,101,221 1,006,862Accrued payroll taxes 692Total current liabilities $ 1,258,186 $ 1,128,579Net AssetsUnrestricted net assets 1,103,445 1,100,037Total unrestricted net assets $ 1,103,445 $ 1,100,037TOTAL LIABILITIES AND NET ASSETS $ 2,361,631 $ 2,228,616* An audited statement of financial position for 2012 will be available upon request in late December, 2012.IPHA Funding SourcesIPHA Operating Revenueby category:Membership............................17%Continuing Education andConferences...........................10%Americorps.............................17%State and Federal Grants.......40%Other Projects........................14%Other Revenue.........................2%Total Fiscal Year 2012 Revenue and Expenditures: $6.7 million16www.ipha.com