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Wisconsin Health and Educational Facilities Authority
Statements of Revenues, Expenses, and Changes in Net Position
Years Ended June 30, 2019 and 2018
2019 2018
Operating revenues
Annual fees $ 665,432 $ 633,810
Operating expenses
Salaries and benefits 598,116 552,264
Professional fees 59,299 58,457
Board expense 2,551 4,037
Rent 54,884 55,403
Insurance 18,708 18,732
Supplies 8,202 7,017
Newsletters/annual report 6,313 6,661
Telephone/internet 8,545 8,355
Travel 11,715 12,440
Membership dues 6,420 6,707
Hosted seminar 15,632 12,104
Staff education/training 7,283 8,059
Sponsorships 15,300 19,800
Depreciation 13,819 13,736
Other 17,148 18,653
Total operating expenses 843,935 802,425
Operating loss (178,503) (168,615)
Nonoperating income (expense)
Interest income 33,907 32,649
Change in fair market value of investments 37,663 (36,073)
Net nonoperating income (expense) 71,570 (3,424)
Change in net position (106,933) (172,039)
Net position, beginning of year 2,139,838 2,311,877
Net position, end of year $ 2,032,905 $ 2,139,838
See accompanying notes to the financial statements.
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