Overview


Sheet 1: Output

Healthify PLLC



Statement of Revenues & Expenditures



FY 19 (October 2018- March 2019) (Direct Export from Prophix)













YTD Actual Projected Expenses (Apr - Sept)
Total FY 19 Forecast
Patient Care Income 6,581,473 7,797,145 (4900) Patient Care Income 14,378,618
Financial Aid Contribution 316,678 473,154 (47100) Financial Aid Contribution 789,832
Wrap Around Services 31,100 61,662 (48100) Wrap Around Services 92,762
Restricted Grant Income 1,489,706 451,000 (48000) Restricted Grant Income 1,940,706





Total Revenue 8,419,116 8,782,961 (4000) Total Revenue 17,202,077





Salaries 5,660,785 6,227,131 (5100) Salaries 11,887,915
Fringe Benefits 1,031,500 974,750 (5200) Fringe Benefits 2,006,250
Professional Services 520,610 636,243 (5300) Professional Services 1,156,853
Rent & Occupancy 976,776 844,828 (5400) Rent & Occupancy 1,821,604
Information Technology & Systems 108,102 140,858 (5500) Information Technology & Systems 248,960
Grants & Payments to Other Organizations
0 (5600) Grants & Payments to Other Organizations
Insurance 61,130 72,428 (5700) Insurance 133,557
Employee training 40,220 52,613 (5800) Employee training 92,833
Financial Aid 26,450 66,312 (5900) Financial Aid 92,762
Office Expenses 211,101 275,092 (6000) Office Expenses 486,193
Program Supplies 39,705 37,920 (6100) Program Supplies 77,625
Travel & Meetings 64,746 94,442 (6200) Travel & Meetings 159,188
Depreciation & Amortization 7,928 7,762 (6300) Depreciation & Amortization 15,690





Total Expenses 8,749,052 9,430,379 (5000) Total Expenses 18,179,430





Net Income/(Loss) (329,935) (647,418)
(977,353)






Sheet 2: Input

Healthify PLLC





(Manual Calculation)










YTD Actual (Oct 18- Mar 19) Projections (Apr- Sept) Total FY 19 Forecast Variance between Forecast vs Budget






Revenue




Patient Care Income 6,581,473 7,816,395 14,397,868 (1,004,126)
Financial Aid Revenue & Healthify Cares 347,778 534,816 882,594 49,060
Restricted Grant Income Pratima Singh: Pratima Singh: The $60,481.94 is for services provided by Admin staff to west coast. I will net against the compensation line. 542,430 Pratima Singh: DOE= $150k Robin Hood - $72K Niarchos - $17K Gray = $150K Van Am= $32K West Coast - $30K 451,000 993,430 9,220 The forecast includes $72K for clinicians who will spend time on West Coast.

-
- -
Total Revenue 7,471,681 8,802,211 16,273,892 (945,846)






Expenses




Compensation 4,877,743 5,451,757 10,329,500 382,880
Fringe Benefits & Taxes 867,717 Pratima Singh: We reduced fringe benefits by $55,794. This represents 50% of potential savings on staff who are not currently enrolled in medical and 401K. 965,285 1,833,002 66,214
Prof Svc Fees 65,614 195,068 260,682 71,608 Reduced legal fees by $30K, adverting by $20K, background checks by $15K
Professional services- Administrative services Pratima Singh: I've reclassed out the holiday party = $12,882 and staff apprecation lunches- $1708 from Admin services and added to Travel and Meeting 422,792 438,000 860,792 86,606 The reduction is due to Clinical Marketing Specialist being hired on Healthify side instead of Healthify -$103k
Rent & Occupancy Pratima Singh: This excludes GAAP rent adjustment 652,898 846,274 1,499,172 (29,308) The increase is due to usage of elevator during construction
Computer & Equip 108,102 140,858 248,960 (6,259) Increase by $5500 for Disaster Recover plan, increase in hosting through Axis Point and Itelagen
Insurance 60,518 72,428 132,946 -
Empl Training 40,220 52,613 92,833 21,417
Financial Aid Expense (Wrap Around) 26,450 66,312 92,762 -
Office Expenses Pratima Singh: I've added $27,000 for cc processing fees for Mar. I've added $12,882 for holiday party and $1708 for staff appreciation lunches that was coded to Admin services. 228,110 315,441 543,551 56,101
Program Supplies 39,705 37,920 77,625 -
Travel & Meetings 64,746 59,150 123,896 38,361
Depreciation & Amortization 7,928 7,762 15,690 (2,293)
Total Expenses 7,462,544 8,648,868 16,111,412 685,326






Donation to Healthify




Amie's Amex 5,704
5,704













Net Revenue/(Loss) 3,433 153,343 156,776












Note: I'm excluding GAAP rent adjustment- the total expense is $270,400.





Healthify's Portion









508,509


Breakdown of Financial Aid (58,832)



20,280


Balance of financial aid @ 9/30/2018 11,700


Amount raised as of 2/28/2019 9,750


Total amount available 62,132


Amount to projected to be spent in FY 19 16,900



Available balance for FY 20 750




250




214




393




-




8,887




8,550




2,228




627




2,500




5,000




5,000










250




9,450

Details (Professional fees) 2,145




1,197



Audit fees 200,000


Accounting fees 1,000

Legal fees 1,825



Armada fees 9,400



Recruiting fees 1,600



NPT accounting 549



Sterling Background 14,020



Jop posting- Association Career Network




Job posting- monthly posting 846,274



Recruiting (Background checks) for summer program and selective mutism




Outside contract- summer program and selective mutism




Itelagen - customization of reports




ERISA Pro




Astron Consulting




Faciliator for management retreat Total Expenses per MIP



Great Place to Work survey Less: GAAP rent adjustment



HR consulting (Real HR Solutions) Add: CC fees for March



Trakstar Add: Amex expenses for March



Videos for programs Less: Reimb for admin staff for west coast



Graphic designs- art show and flash cards for OCD Total expenses as of 3/31/19



Membership and dues




Marketing- Collateral




Marketing- addtl




Advertising




PPD testing




Practus




Prophix


































Administrative services






















Computers/Printers










MSP (IT By Design / Axis Point)




MSP




MSP




Dell




CDW




CDW




CDW




CDW




CDW (Meraki)




Freshdirect










CDW\Amazon




Itelagen




GoDaddy




Dell Business Credit




Apple




Complex Tech




Prey




Microsoft




Microsoft




Acronis




Docusign




Netwrix




MSP




Microsoft


































Next Gen licenses (Budgeted by Healthify)




Adobe Creative Suite




DELL




Trielo




Wufoo




Security Metrics




Abila (budgeted by Finance)




Prophix (budgeted by Finance)




Prophix (budgeted by Finance)




Apple










Total Projections - Computers/Printers




























Office Expenses










Books, subscriptions, reference




Books, subscriptions, reference




Postage, mailing service




Postage, mailing service




Postage, mailing service




Postage, mailing service




Postage, mailing service




Printing and copying




Printing and copying




Printing and copying




Supplies




Supplies




Supplies




Supplies




Supplies




Supplies




Supplies




Supplies




Supplies




Supplies




Telephone, Telecommunications




Telephone, Telecommunications




Wireless/cellphone charges




Floral




Non employee floral




Bank fees/CC




Food & beverage




Food & beverage




Food & beverage




Food & beverage




Catering




Advertisements




High speed internet (Crown Castle)




High speed internet (Metro Optical)




High speed internet




Employee lounge/pantry




Employee lounge/pantry




Employee lounge/pantry




Employee lounge/pantry




Other office expense (shredding)




Other office expense




























Breakdown for travel










Travel of clinicians to attend conferences




Conference regisstration




Food for clinician while attending conference




Travel for summer program and selective mutism




Travel for visiting professor




Travel for candidate travel




Travel to/from school and home visits




Travel to talks


































Breakdown for training










Fees for Mind Gym




HIPPA training




Coaching (Lee Hecht Harrison)- training for Rachel Busman




Coaching - additional




Active Shooter




Diversity & Inclusion




Respect & Dignity Trainig