FY 2022 Governance & Finance Year In Review

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2022 STATEMENT OF ACTIVITIES

Fiscal Year 2022 ended with $350,787 in net income.

The 36% increase in employee certifications purchased (manual sales and online accesses) relative to FY 2021 contributed significantly to reaching more than $1 million in revenue for the first time in several years.

2022 STATEMENT OF FINANCIAL POSITION

In FY 2022, TEAM Coalition’s balance sheet grew due to significant increases in training products sold.

TEAM paid back a portion of the EIDL to reduce its liabilities.

2022 STATEMENT OF CASHFLOWS

Monthly receipts averaged $85,000. Staffing represents 64% of the monthly operating disbursements average of $61,300.

Click here for TEAM Coalition Governance documents.

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