Statement of Changes in Net Assets For the Year Ended December 31, 2020 Net Assets without Donor Restrictions: Excess of

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Statement Of Changes In Net Assets For The Year Ended December 31 2020 Net Assets Without Donor Restrictions Excess Of 1 (93.15 KiB) Viewed 49 times

Statement of Changes in Net Assets For the Year Ended December 31, 2020 Net Assets without Donor Restrictions: Excess of Revenues Over Expenses Net Assets Released From Restrictions: Satisfaction of Capital Acquisition Restrictions Loss on Sale of Equipment 190,000 (22,000) Increase in Net Assets without Donor Restrictions 168,000 Net Assets with Donor Restrictions: Contribution Revenue 493,150 Net Assets Released From Restrictions Increase in Net Assets with Donor Restrictions 493,150 Net Assets, Beginning of Year Net Assets, End of Year 7,285,000 $ 7,285,000

PORT HUDSON COMMUNITY HOSPITAL Statement of Operations For the Year Ended December 31, 2020 Revenues Without Donor Restrictions: Patient Service Revenues-Net of Contractual Adjustments Other Operating Revenues $ 1,391,000 117,000 Total Revenues 1,508,000 Net Assets Released From Restrictions: Satisfaction of Program Restrictions 42,150 1,550,150 Total Operating Revenues Operating Expenses: Insurance Interest Depreciation Salaries and Benefits 95,200 50,800 237,000 927,900 163,700 Utilities

Utilities 163,700 Total Operating Expenses 1,474,600 Other Income: Income on Endowment Investments Unrestricted Gifts and Bequests 58,750 68,600 127,350 127,350 Total Other Income Excess of Revenues Over Expenses Net Assets Released from Restrictions: Loss on Sale of Equipment Satisfaction of Capital Acquisition Restrictions (22,000) 190,000 Increase in Net Assets without Donor Restrictions $ 295,350