WCFA PROFIT AND LOSS & Balance Sheet 2019

January – December 2019

WCFA
BALANCE SHEET
As of December 31, 2019

Current Assets

Wells Fargo – Checking$24,796.13
 Wells Fargo – Savings$60,064.10
Total Bank Accounts $84,860.23

Income

  • Bank Income 20.66
  • Dues Associate Member 600.00
  • Dues Income 9,750.00
  • Extra time helping with training 170.00
  • Non-Member Record Review 60.00
  • Other Income 50.00
  • Records Review 6,490.00
  • Remote Food Fees 595.00

Total Income 17,735.66

Training Income

  • Field Day 5,214.50
  • RT-130 33,061.55
  • RT-130 Non-Member 11,840.00
  • S-130/190, I-100, L-180 15,300.50
  • S-131 5,100.00
  • S-212 4,165.00
  • S-230 Class 1,820.00
  • S-290 2,750.00

Total Training Income 79,251.55

Total Income $96,987.21

Expenses

Administrative Expenses

  • Office Expense 817.17
  • PayPal Fees 2,414.15
  • Quickbooks Online 693.47
  • Web Hosting 1,061.83

Total Administrative Expenses 4,986.62

Meeting Expenses

  • Conference Fee 260.00
  • Facility Rental 20.00
  • Lodging 450.11
  • Meals 240.50
  • Meeting Supplies 210.18
  • Milage 1,824.38

Total Meeting Expenses 3,005.17

Other Expenses

  • Database Expense 11,220.00
  • Insurance 1,137.00
  • Romote Class Food Fee 595.00

Total Other Expenses 12,952.00

Staff Compensation

  • President Salary 6,250.00
  • Records Inspecting 5,394.00
  • Secretary Pay 11,754.00
  • Training Coordinator Pay 6,060.00

Total Staff Compensation 29,458.00

Training Expenses

  • Class Materials 8,825.46
  • Class Supplies 2,650.98
  • Equipment 248.26
  • Facility Rental 410.00
  • Instructors 20,925.00
  • Lodging 1,082.52
  • Meals 470.08
  • Mileage 2,397.12
  • Postage/Shipping 208.31

Total Training Expenses 37,217.73

Total Expenses $87,619.52

NET OPERATING INCOME $9,367.69

NET INCOME $9,367.69

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