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2021 was an exciting year at Exalta Health. Our mission is to serve the West Michigan community with compassionate, safe, equitable, accessible healthcare that demonstrates our Christian mission. We have seen an increase in our patient population of over 27%. We continued receiving volunteer inquiries turning into applications. Exalta Health has created new partnerships and strengthened the ones already established.
As you read through the statistics, we will encourage you to stop and get to know some of the many individuals who have made it possible to practice our mission to serve the West Michigan community with compassionate, safe, equitable, accessible healthcare that demonstrates our Christian mission.
We appreciate your time in reading our report. Please, know we are here to answer any questions that may arise or if you are interested in knowing more about our clinic and its services.
served
served
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We served 102 new pediatric patients.
Overall, there was a 27% increase in patients.
We administered 1,300+ COVID-19 vaccines.
| ASSETS | 2021 | 2020 |
| Current assets | ||
| Cash and cash equivalents | $487,743 | $225,371 |
| Prepaid expenses | $9,007 | $9,330 |
| Total current assets | $496,750 | $234,701 |
| Property & equipment | ||
| Land | $20,000 | $20,000 |
| Building | $889,460 | $889,460 |
| Medical equipment | $20,476 | $20,476 |
| Office equipment and furniture | $111,601 | $102,575 |
| Dental equipment | $171,862 | $121,432 |
| Total property and equipment | $1,213,399 | $1,153,943 |
| Less accumulated depreciation | $681,020 | $634,057 |
| Net property and equipment | $532,379 | $519,886 |
| TOTAL ASSETS | $1,029,129 | $754,587 |
| LIABILITIES & NET ASSETS | 2020 | 2021 |
| Current liabilities | ||
| Accounts payable | $42,377 | $30,884 |
| Accrued payroll and payroll taxes | $46,236 | $40,054 |
| Current portion of long-term debt | $1,328 | $1,175 |
| Total current liabilities | $89,941 | $72,113 |
| Long-term debt, net of current portion | $212,699 | $214,027 |
| Total liabilities | $302,640 | $286,140 |
| Net assets | ||
| Unrestricted | $586,024 | $418,779 |
| Temporarily restricted | $140,465 | $49,668 |
| Total net assets | $726,489 | $468,447 |
| TOTAL LIABILITIES & NET ASSETS | $1,029,129 | $754,587 |
Questions?
Complete Audited Financials are available upon request. Contact Thressa Hoekstra at thoekstra@exaltahealth.org.
