FY 2024 Governance & Finance Year In Review

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2024 STATEMENT OF ACTIVITIES

Fiscal Year 2024 ended with $148,158 in net income.

TEAM lost a staff member at the beginning of the year, contributing to a 10% decrease in expenses relative to Fiscal Year 2023.

Total revenue increased 8% over the previous year, primarily due to increased purchases in accesses to online employee certification.

2024 STATEMENT OF FINANCIAL POSITION

Most notably for 2024, TEAM eliminated all liabilities from the balance sheet.

For FY 2025, TEAM will make a significant investment in inventory (Trainer Binders and Participant Manuals).

2024 STATEMENT OF CASHFLOWS

Monthly Cashflows averaged $54,000. $38,500 for employee compensation and benefits.

For Fiscal Year 2025, we plan for an increase in monthly expenses with the addition of one new hire and a full year of office space rental.

Click here for TEAM Coalition Governance documents.

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