THE SUMMIT MEDICAL FITNESS CENTER
Income Statement
Fiscal Year Start:
Apr 1
Revenues in 2024
$4,577,840
Program Services
97%
Other
3%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$5,428,165
Salaries & Benefits
63%
Other
16%
Offices, Occupancy & IT
12%
Depreciation
6%
Fees to Service Providers
3%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$6,768
$2,433
-64%
Fundraising Events
$0
$0
-
Program Services
$4,968,417
$4,443,308
-11%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$836,987
$132,099
-84%
Total Revenues
$5,812,172
$4,577,840
-21%
Expenses
2023
2024
Change
Grants
$3,594
$6,599
+84%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,474,682
$3,423,473
-23%
Fees to Service Providers
$6,432
$181,147
+2716%
Advertising & Promotion
$6,977
$3,750
-46%
Offices, Occupancy & IT
$451,141
$632,636
+40%
Interest
$0
$0
-
Depreciation
$390,944
$303,994
-22%
Other
$1,663,614
$876,566
-47%
Total Expenses
$6,997,384
$5,428,165
-22%
Net income
2023
2024
Change
Net income
-$1,185,212
-$850,325
+28%
Functional Expenses
Summary
2023
2024
Change
Program
$5,827,017
$5,202,817
-11%
Admin
$1,170,367
$225,348
-81%
Fundraising
$0
$0
-
Total Expenses
$6,997,384
$5,428,165
-22%
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