| Consolidated Balance Sheet for Two Years Ending December
31, |
| Assets |
2006 |
2005 |
| Cash and Other Current Assets |
$5,323,793 |
$5,912,814 |
| Property, Plant, and Equipment |
13,766,503 |
12,798,837 |
| Investments |
1,069,436 |
1,336,783 |
| Pledges Receivable - Long-Term Portion |
50,000 |
130,000 |
| Debt Service Reserve |
644,830 |
0 |
| Other Assets |
32,774 |
56,933 |
| Total Assets |
$20,887,336 |
$20,235,367 |
 |
| Liabilities |
| Current Liabilities |
$1,544,090 |
$2,551,091 |
| Long-Term Liabilities |
5,307,844 |
4,182,106 |
| Total Liabilities |
6,851,934 |
6,733,197 |
| Unrestricted Net Assets |
13,385,404 |
12,852,170 |
Temporarily Restricted for Information Technology |
650,000 |
650,000 |
| Total Liabilities and Net Assets |
$20,887,338 |
$20,235,367 |
|
| Statement of Operations for Two Years Ending December 31, |
| Patient Revenue |
2006 |
2005 |
| Medicaid and Insurance Payments |
$9,145,191 |
$8,029,350 |
| Net Self Pay Billings (After Discounts) |
2,027,036 |
1,947,838 |
| Other Operating Revenues |
54,174 |
70,179 |
| Total Patient Revenue |
$11,226,401 |
$10,047,367 |
|
| Other Support |
|
|
| Federal Grants |
$3,217,630 |
$3,304,765 |
| New York State Grants |
2,757,226 |
2,595,155 |
| Westchester County Grants |
537,655 |
409,901 |
| Other Grants |
1,204,436 |
1,161,973 |
| Donated Goods and Services |
313,149 |
216,365 |
| Total Federal, State, Local and Other Support |
$8,030,096 |
$7,688,159 |
|
| Total Patient Revenue and Support |
$19,256,497 |
$17,735,526 |
|
| Operating Expenses |
|
|
| Personnel Salaries and Fringe Benefits |
$12,467,783 |
$11,011,262 |
| Laboratory Charges and Supplies |
1,384,165 |
1,207,184 |
| Bad Debt Expense |
1,077,087 |
1,168,562 |
| Other Direct Expense |
2,206,171 |
2,082,547 |
| Facility and Other Indirect Expenses |
2,703,575 |
2,119,164 |
| Total Operating Expenses |
$19,838,781 |
$17,588,719 |
|
| Operating Income |
(582,284) |
146,807 |
| Non-Operating Income |
|
|
| Westchester County CDBG Grants |
0 |
300,000 |
| Primary Care Development Corp Grants |
0 |
265,200 |
| Hudson Health Plan Grant |
0 |
650,000 |
| Foundation Income/(Loss) |
147,098 |
81,763 |
| Leasing Corp Income/(Loss) |
1,043 |
(1,001) |
| Capital Campaign Contributions |
967,377 |
734,635 |
|
| Net Results |
$533,234 |
$2,177,404 |