LORAIN COUNTY OFFICE ON AGING
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,345,330
Government Grants
80%
Contributions
13%
Program Services
4%
Membership Dues
1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Expenses in 2024
$2,369,610
Other
47%
Salaries & Benefits
37%
Offices, Occupancy & IT
7%
Grants
6%
Depreciation
2%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$345,993
$304,449
-12%
Government Grants
$944,050
$1,868,544
+98%
Fundraising Events
$0
$0
-
Program Services
$89,484
$97,097
+9%
Membership Dues
$22,105
$30,350
+37%
Investments
$199
$23,269
+11593%
Other
$20,564
$21,621
+5%
Total Revenues
$1,422,395
$2,345,330
+65%
Expenses
2023
2024
Change
Grants
$0
$142,251
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$672,121
$870,430
+30%
Fees to Service Providers
$72,134
$22,748
-68%
Advertising & Promotion
$8,794
$12,040
+37%
Offices, Occupancy & IT
$181,699
$161,712
-11%
Interest
$0
$0
-
Depreciation
$32,736
$54,190
+66%
Other
$339,709
$1,106,239
+226%
Total Expenses
$1,307,193
$2,369,610
+81%
Net income
2023
2024
Change
Net income
+$115,202
-$24,280
-121%
Functional Expenses
Summary
2023
2024
Change
Program
$1,044,263
$2,046,224
+96%
Admin
$259,530
$320,039
+23%
Fundraising
$3,400
$3,347
-2%
Total Expenses
$1,307,193
$2,369,610
+81%
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