GREATER LOUISVILLE MEDICAL SOCIETY
STATEMENT OF ACTIVITIES
JANUARY – DECEMBER 2018
Changes in Net Assets
GREATER LOUISVILLE MEDICAL SOCIETY
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2018
Assets
Dues $
705,280
CURRENT ASSETS
Cash/cash equivalents $ 576,205
Accounts receivable 225,547
Louisville Medicine advertising 80,550 GLMS Update advertising 4,575 Roster sales & advertising 16,203 MedCentral 567,782 Sponsorship revenue 19,000 INVESTMENTS AND OTHER ASSETS
Admin. fee from Medical Society Professional Services 27,498 Investment at market value
Prepaid expenses
14,286
2,555,436
Annuity contracts
74,807
Admin. fee from GLMS Foundation 54,000 Videos 3,000 PROPERTY AND EQUIPMENT Email Blasts 2,950 Furniture & Office equipment 264,648
Provider Enrollment 23,631 Less accumulated depreciation (168,233)
Other operating revenue 7,462 96,415
Total Operating Revenue 1,511,931 TOTAL ASSETS 3,542,696
Liabilities and Net Assets
Program Service Expense
Committee & General Administration
$
762,508
CURRENT LIABILITIES
Louisville Medicine 160,112 Accounts payable 150,144
GLMS Update 29,029 Unearned income 600,885
Roster 45,311 MedCentral 575,306 Sponsorship 11,462 Videos 2,992 NET ASSETS Email Blast 3,148 Unrestricted 2,716,859
Total liabilities and net assets 3,542,695
Provider Enrollment
Total Operating Expenses
74,807
38,641
1,628,509
Investment Gain (Loss) (132,933)
Net Income (Loss) (249,511)
Investments Exceed
Annuity Contracts
2.5 million
MAY 2019
23