UTEC INC
UTEC INC
UTEC INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$18,126,341
Government Grants
58%
Contributions
26%
Program Services
11%
Investments
4%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$15,217,119
Salaries & Benefits
60%
Other
18%
Fees to Service Providers
11%
Offices, Occupancy & IT
6%
Depreciation
4%
Interest
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,177,738
$4,765,360
-8%
Government Grants
$9,976,056
$10,468,586
+5%
Fundraising Events
$0
$33,060
-
Program Services
$2,008,226
$2,075,509
+3%
Membership Dues
$0
$0
-
Investments
$163,484
$717,612
+339%
Other
-$21,770
$66,214
-404%
Total Revenues
$17,303,734
$18,126,341
+5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,705,957
$9,062,058
+18%
Fees to Service Providers
$1,432,695
$1,699,165
+19%
Advertising & Promotion
$2,209
$7,103
+222%
Offices, Occupancy & IT
$1,066,171
$897,419
-16%
Interest
$129,526
$160,548
+24%
Depreciation
$327,432
$583,592
+78%
Other
$2,099,905
$2,807,234
+34%
Total Expenses
$12,763,895
$15,217,119
+19%
Net income
2023
2024
Change
Net income
+$4,539,839
+$2,909,222
-36%
Functional Expenses
Summary
2023
2024
Change
Program
$8,421,910
$9,077,672
+8%
Admin
$3,488,355
$5,144,057
+47%
Fundraising
$853,630
$995,390
+17%
Total Expenses
$12,763,895
$15,217,119
+19%
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