Louisville Medicine Volume 66, Issue 12 | Page 25

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