FINANCIALS

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  • Texas Pregnancy Care Network has received annual financial audits by the certified public accounting firm of PMB – Helin Donovan. The following is an unaudited summary of TPCN’s audited financial statements.

    STATEMENT OF FINANCIAL POSITION AT AUGUST 31, 2016

    ASSETS    
         
    Cash   $1,212,545
    Accounts receivable, net 5,564 
    Prepaid expenses and inventories 1,202,688 
      Total current assets 1,220,900 
         
    Property and Equipment (net of Accumulated depreciation of $57,983) 14,979 
         
      Total assets $2,435,776
         
    LIABILITIES AND NET ASSETS  
         
    Accounts payable $936,103
    Deferred Contract Revenue 1,185,707 
    Accrued expense 53,690 
      Total liabilities 2,175,500 
         
    Net Assets  
    Unrestricted 260,276 
       
         
      Total net assets 260,276 
         
    Total liabilities and net assets $2,435,776

     

    STATEMENT OF FINANCIAL POSITION AT AUGUST 31, 2015

    ASSETS    
         
    Cash   $112,221
    Accounts receivable, net 865,676
    Prepaid expenses and inventories 30,583
      Total current assets 1,008,480
         
    Property and Equipment (net of Accumulated depreciation of $68,905) 9,744
         
      Total assets $1,018,224
         
    LIABILITIES AND NET ASSETS  
         
    Accounts payable $777,408
    Accrued expense 35,775
       
      Total liabilities 813,183
         
    Net Assets  
    Unrestricted 205,041
       
         
      Total net assets 205,041
         
    Total liabilities and net assets $1,018,224

     

    STATEMENT OF ACTIVITIES FOR YEAR ENDED AUGUST 31, 2016

                   
    Revenues and support:          
      HHSC contract revenue         $7,964,293
      Other income and support         127,563
                 
      Total revenues and support         8,091,856
                   
    Expenses:          
      Program services:          
        Client services         5,924,320
        Information, outreach and referral         1,553,213
        Total program services         7,477,533
                   
      Supporting services:          
        Project administration         493,436
        Management and general         65,652
        Total supporting services         559,088
                   
      Total expenses         8,036,621
                   
        Changes in net assets         55,235
        Net assets, beginning of period         205,041
        Net assets, end of period         $260,276

     

    STATEMENT OF ACTIVITIES FOR YEAR ENDED AUGUST 31, 2015

                   
    Revenues and support:          
      HHSC contract revenue         $5,150,000
      Other income and support         121,501
                 
      Total revenues and support         5,271,501
                   
    Expenses:          
      Program services:          
        Client services         4,389,201
        Information, outreach and referral         443,369
        Total program services         4,832,570
                   
      Supporting services:          
        Project administration         421,452
        Management and general         55,319
        Total supporting services         476,771
                   
      Total expenses         5,309,341
                   
        Changes in net assets         (37,840)
        Net assets, beginning of period         242,881
        Net assets, end of period         $205,041