Genesee Health Plan
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$6,797,752
Program Services
64%
Government Grants
22%
Investments
13%
Other
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,270,739
Other
55%
Salaries & Benefits
35%
Depreciation
4%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$1,104,607
$1,525,073
+38%
Fundraising Events
$0
$0
-
Program Services
$3,703,388
$4,318,618
+17%
Membership Dues
$0
$0
-
Investments
$478,981
$895,246
+87%
Other
$213,903
$58,815
-73%
Total Revenues
$5,500,879
$6,797,752
+24%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,282,847
$2,567,493
+12%
Fees to Service Providers
$82,957
$113,186
+36%
Advertising & Promotion
$121,403
$0
-100%
Offices, Occupancy & IT
$472,427
$249,206
-47%
Interest
$68,471
$61,879
-10%
Depreciation
$383,767
$303,377
-21%
Other
$3,079,025
$3,975,598
+29%
Total Expenses
$6,490,897
$7,270,739
+12%
Net income
2023
2024
Change
Net income
-$990,018
-$472,987
+52%
Functional Expenses
Summary
2023
2024
Change
Program
$3,262,401
$3,935,615
+21%
Admin
$3,228,496
$3,335,124
+3%
Fundraising
$0
$0
-
Total Expenses
$6,490,897
$7,270,739
+12%
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