TURTLE MOUNTAIN COMMUNITY COLLEGE
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$27,921,622
Government Grants
82%
Program Services
5%
Investments
5%
Other
4%
Contributions
3%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$26,847,569
Salaries & Benefits
47%
Grants
18%
Other
18%
Depreciation
10%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,299,672
$899,146
-83%
Government Grants
$27,033,889
$22,765,745
-16%
Fundraising Events
$0
$0
-
Program Services
$1,247,769
$1,533,977
+23%
Membership Dues
$0
$0
-
Investments
$710,314
$1,494,434
+110%
Other
$556,519
$1,228,320
+121%
Total Revenues
$34,848,163
$27,921,622
-20%
Expenses
2023
2024
Change
Grants
$5,831,879
$4,952,842
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,204,934
$12,525,728
+3%
Fees to Service Providers
$425,024
$622,609
+46%
Advertising & Promotion
$28,308
$62,342
+120%
Offices, Occupancy & IT
$1,872,304
$1,336,190
-29%
Interest
$0
$56,156
-
Depreciation
$2,249,013
$2,579,515
+15%
Other
$5,769,033
$4,712,187
-18%
Total Expenses
$28,380,495
$26,847,569
-5%
Net income
2023
2024
Change
Net income
+$6,467,668
+$1,074,053
-83%
Functional Expenses
Summary
2023
2024
Change
Program
$24,891,429
$21,188,015
-15%
Admin
$3,489,066
$5,659,554
+62%
Fundraising
$0
$0
-
Total Expenses
$28,380,495
$26,847,569
-5%
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