Nursing Home Business Plan
Bright House
Appendix
| Funding Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Units | |||||||||||||
| Assisted Living Main Residents | 0% | 8 | 10 | 10 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Medicare Residents - Skilled Nursing Facility | 0% | 3 | 4 | 4 | 6 | 8 | 9 | 10 | 10 | 10 | 10 | 10 | 10 |
| Other | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Units | 11 | 14 | 14 | 18 | 20 | 23 | 24 | 24 | 24 | 24 | 24 | 24 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Assisted Living Main Residents | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | |
| Medicare Residents - Skilled Nursing Facility | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | |
| Other | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Funding | |||||||||||||
| Assisted Living Main Residents | $25,600 | $32,000 | $32,000 | $38,400 | $38,400 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | |
| Medicare Residents - Skilled Nursing Facility | $12,150 | $16,200 | $16,200 | $24,300 | $32,400 | $36,450 | $40,500 | $40,500 | $40,500 | $40,500 | $40,500 | $40,500 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Funding | $37,750 | $48,200 | $48,200 | $62,700 | $70,800 | $81,250 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Assisted Living Main Residents | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Medicare Residents - Skilled Nursing Facility | 20.00% | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 |
| Other | 20.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Direct Cost of Funding | |||||||||||||
| Assisted Living Main Residents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Medicare Residents - Skilled Nursing Facility | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Funding | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Medical/Clinical Personnel | |||||||||||||
| Medical Director | 100% | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 |
| LPNs - Full-time 35-40 hrs, night | 200% | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 |
| LPNs - swing shift, 30 hours, day | 100% | $0 | $0 | $0 | $0 | $0 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 |
| Subtotal | $15,250 | $15,250 | $15,250 | $15,250 | $15,250 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | |
| Caretaking Personnel | |||||||||||||
| Elder Assistants | 600% | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | |
| Administrative Personnel | |||||||||||||
| Medicare Liason / Billing Specialist | 100% | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
| Financial Manager | 100% | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 |
| Janice Ruthers - Part-time Marketing | 100% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | |
| Fundraising Personnel | |||||||||||||
| Development Officer - Part-time | 100% | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Name or Title or Group | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or Title or Group | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Total People | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
| Total Payroll | $40,250 | $43,370 | $43,370 | $43,370 | $43,370 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | |
| Surplus and Deficit | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | $37,750 | $48,200 | $48,200 | $62,700 | $70,800 | $81,250 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Direct Cost | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Medical/Clinical Payroll | $15,250 | $15,250 | $15,250 | $15,250 | $15,250 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | |
| Non-reusable Medical Equipment | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| #NAME? | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Direct Cost | $18,080 | $18,890 | $18,890 | $20,510 | $22,130 | $27,815 | $28,625 | $28,625 | $28,625 | $28,625 | $28,625 | $28,625 | |
| Gross Surplus | $19,670 | $29,310 | $29,310 | $42,190 | $48,670 | $53,435 | $56,675 | $56,675 | $56,675 | $56,675 | $56,675 | $56,675 | |
| Gross Surplus % | 52.11% | 60.81% | 60.81% | 67.29% | 68.74% | 65.77% | 66.44% | 66.44% | 66.44% | 66.44% | 66.44% | 66.44% | |
| Operating Expenses | |||||||||||||
| Caretaking Expenses | |||||||||||||
| Caretaking Payroll | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | |
| Groceries | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | |
| Cleaning Supplies | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Other Caretaking Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Caretaking Expenses | $17,100 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | |
| Caretaking % | 45.30% | 41.95% | 41.95% | 32.25% | 28.56% | 24.89% | 23.70% | 23.70% | 23.70% | 23.70% | 23.70% | 23.70% | |
| Administrative Expenses | |||||||||||||
| Administrative Payroll | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | |
| Other Expense Account Name | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Property Taxes | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Utilities | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Insurance | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Payroll Taxes | 15% | $6,038 | $6,506 | $6,506 | $6,506 | $6,506 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 |
| Grounds and Building Upkeep | 15% | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Administrative Expenses | $18,938 | $19,406 | $19,406 | $19,406 | $19,406 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | |
| Administrative % | 50.17% | 40.26% | 40.26% | 30.95% | 27.41% | 24.78% | 23.61% | 23.61% | 23.61% | 23.61% | 23.61% | 23.61% | |
| Fundraising Expenses: | |||||||||||||
| Fundraising Payroll | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Brochures, Marketing | $800 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Fundraising Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Fundraising Expenses | $2,000 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Fundraising % | 5.30% | 2.49% | 2.49% | 1.91% | 1.69% | 1.48% | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% | |
| Total Operating Expenses | $38,038 | $40,826 | $40,826 | $40,826 | $40,826 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | |
| Surplus Before Interest and Taxes | ($18,368) | ($11,516) | ($11,516) | $1,365 | $7,845 | $11,878 | $15,118 | $15,118 | $15,118 | $15,118 | $15,118 | $15,118 | |
| EBITDA | ($18,268) | ($11,416) | ($11,416) | $1,465 | $7,945 | $11,978 | $15,218 | $15,218 | $15,218 | $15,218 | $15,218 | $15,218 | |
| Interest Expense | $1,821 | $1,808 | $1,792 | $1,775 | $1,750 | $1,725 | $1,696 | $1,671 | $1,646 | $1,621 | $1,596 | $1,579 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Surplus | ($20,188) | ($13,324) | ($13,307) | ($411) | $6,095 | $10,153 | $13,422 | $13,447 | $13,472 | $13,497 | $13,522 | $13,539 | |
| Net Surplus/Funding | -53.48% | -27.64% | -27.61% | -0.65% | 8.61% | 12.50% | 15.74% | 15.76% | 15.79% | 15.82% | 15.85% | 15.87% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Funding | $28,313 | $36,150 | $36,150 | $47,025 | $53,100 | $60,938 | $63,975 | $63,975 | $63,975 | $63,975 | $63,975 | $63,975 | |
| Cash from Receivables | $0 | $315 | $9,525 | $12,050 | $12,171 | $15,743 | $17,787 | $20,346 | $21,325 | $21,325 | $21,325 | $21,325 | |
| Subtotal Cash from Operations | $28,313 | $36,465 | $45,675 | $59,075 | $65,271 | $76,680 | $81,762 | $84,321 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $5,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $25,000 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $33,313 | $36,465 | $45,675 | $59,075 | $65,271 | $76,680 | $106,762 | $84,321 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $40,250 | $43,370 | $43,370 | $43,370 | $43,370 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | |
| Bill Payments | $505 | $15,244 | $17,734 | $18,145 | $21,314 | $22,879 | $23,588 | $24,315 | $23,507 | $23,482 | $23,457 | $23,432 | |
| Subtotal Spent on Operations | $40,755 | $58,614 | $61,104 | $61,515 | $64,684 | $71,124 | $71,833 | $72,560 | $71,752 | $71,727 | $71,702 | $71,677 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $500 | $500 | $1,000 | $1,000 | $1,000 | $1,000 | $500 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $1,000 | $1,000 | $1,000 | $1,000 | $2,000 | $2,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $2,000 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $42,255 | $60,114 | $63,104 | $63,515 | $67,684 | $74,124 | $75,333 | $75,560 | $74,752 | $74,727 | $74,702 | $73,677 | |
| Net Cash Flow | ($8,943) | ($23,649) | ($17,430) | ($4,440) | ($2,413) | $2,556 | $31,429 | $8,761 | $10,548 | $10,573 | $10,598 | $11,623 | |
| Cash Balance | $69,057 | $45,408 | $27,978 | $23,539 | $21,126 | $23,682 | $55,111 | $63,873 | $74,421 | $84,994 | $95,592 | $107,215 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $78,000 | $69,057 | $45,408 | $27,978 | $23,539 | $21,126 | $23,682 | $55,111 | $63,873 | $74,421 | $84,994 | $95,592 | $107,215 |
| Accounts Receivable | $0 | $9,438 | $21,173 | $23,698 | $27,323 | $32,853 | $37,423 | $40,960 | $41,939 | $41,939 | $41,939 | $41,939 | $41,939 |
| Inventory | $6,000 | $3,570 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 |
| Other Current Assets | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 |
| Total Current Assets | $115,000 | $113,065 | $100,821 | $85,917 | $86,722 | $91,458 | $99,394 | $135,171 | $144,912 | $155,460 | $166,033 | $176,631 | $188,254 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $725,000 | $725,000 | $725,000 | $725,000 | $725,000 | $725,000 |
| Accumulated Depreciation | $0 | $100 | $200 | $300 | $400 | $500 | $600 | $700 | $800 | $900 | $1,000 | $1,100 | $1,200 |
| Total Long-term Assets | $750,000 | $749,900 | $749,800 | $749,700 | $749,600 | $749,500 | $749,400 | $724,300 | $724,200 | $724,100 | $724,000 | $723,900 | $723,800 |
| Total Assets | $865,000 | $862,965 | $850,621 | $835,617 | $836,322 | $840,958 | $848,794 | $859,471 | $869,112 | $879,560 | $890,033 | $900,531 | $912,054 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $14,653 | $17,133 | $17,436 | $20,552 | $22,094 | $22,776 | $23,531 | $22,724 | $22,700 | $22,676 | $22,651 | $22,635 |
| Current Borrowing | $5,000 | $9,500 | $9,000 | $8,000 | $7,000 | $6,000 | $5,000 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $5,000 | $24,153 | $26,133 | $25,436 | $27,552 | $28,094 | $27,776 | $28,031 | $27,224 | $27,200 | $27,176 | $27,151 | $27,135 |
| Long-term Liabilities | $210,000 | $209,000 | $208,000 | $207,000 | $206,000 | $204,000 | $202,000 | $199,000 | $196,000 | $193,000 | $190,000 | $187,000 | $185,000 |
| Total Liabilities | $215,000 | $233,153 | $234,133 | $232,436 | $233,552 | $232,094 | $229,776 | $227,031 | $223,224 | $220,200 | $217,176 | $214,151 | $212,135 |
| Paid-in Capital | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 |
| Accumulated Surplus/Deficit | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) |
| Surplus/Deficit | $0 | ($20,188) | ($33,512) | ($46,819) | ($47,230) | ($41,135) | ($30,982) | ($17,560) | ($4,112) | $9,360 | $22,858 | $36,380 | $49,919 |
| Total Capital | $650,000 | $629,812 | $616,488 | $603,181 | $602,770 | $608,865 | $619,018 | $632,440 | $645,888 | $659,360 | $672,858 | $686,380 | $699,919 |
| Total Liabilities and Capital | $865,000 | $862,965 | $850,621 | $835,617 | $836,322 | $840,958 | $848,794 | $859,471 | $869,112 | $879,560 | $890,033 | $900,531 | $912,054 |
| Net Worth | $650,000 | $629,812 | $616,488 | $603,181 | $602,770 | $608,865 | $619,018 | $632,440 | $645,888 | $659,360 | $672,858 | $686,380 | $699,919 |
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Market Research
| Funding Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Units | |||||||||||||
| Assisted Living Main Residents | 0% | 8 | 10 | 10 | 12 | 12 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Medicare Residents - Skilled Nursing Facility | 0% | 3 | 4 | 4 | 6 | 8 | 9 | 10 | 10 | 10 | 10 | 10 | 10 |
| Other | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Units | 11 | 14 | 14 | 18 | 20 | 23 | 24 | 24 | 24 | 24 | 24 | 24 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Assisted Living Main Residents | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | $3,200.00 | |
| Medicare Residents - Skilled Nursing Facility | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | $4,050.00 | |
| Other | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Funding | |||||||||||||
| Assisted Living Main Residents | $25,600 | $32,000 | $32,000 | $38,400 | $38,400 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | $44,800 | |
| Medicare Residents - Skilled Nursing Facility | $12,150 | $16,200 | $16,200 | $24,300 | $32,400 | $36,450 | $40,500 | $40,500 | $40,500 | $40,500 | $40,500 | $40,500 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Funding | $37,750 | $48,200 | $48,200 | $62,700 | $70,800 | $81,250 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Assisted Living Main Residents | 0.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Medicare Residents - Skilled Nursing Facility | 20.00% | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 | $810.00 |
| Other | 20.00% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Direct Cost of Funding | |||||||||||||
| Assisted Living Main Residents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Medicare Residents - Skilled Nursing Facility | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Direct Cost of Funding | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Medical/Clinical Personnel | |||||||||||||
| Medical Director | 100% | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 | $5,500 |
| LPNs - Full-time 35-40 hrs, night | 200% | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 | $9,750 |
| LPNs - swing shift, 30 hours, day | 100% | $0 | $0 | $0 | $0 | $0 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 | $4,875 |
| Subtotal | $15,250 | $15,250 | $15,250 | $15,250 | $15,250 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | |
| Caretaking Personnel | |||||||||||||
| Elder Assistants | 600% | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | |
| Administrative Personnel | |||||||||||||
| Medicare Liason / Billing Specialist | 100% | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
| Financial Manager | 100% | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 | $5,400 |
| Janice Ruthers - Part-time Marketing | 100% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | |
| Fundraising Personnel | |||||||||||||
| Development Officer - Part-time | 100% | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Name or Title or Group | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Name or Title or Group | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Total People | 13 | 13 | 13 | 13 | 13 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | |
| Total Payroll | $40,250 | $43,370 | $43,370 | $43,370 | $43,370 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | |
| Surplus and Deficit | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Funding | $37,750 | $48,200 | $48,200 | $62,700 | $70,800 | $81,250 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Direct Cost | $2,430 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | |
| Medical/Clinical Payroll | $15,250 | $15,250 | $15,250 | $15,250 | $15,250 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | $20,125 | |
| Non-reusable Medical Equipment | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| #NAME? | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Direct Cost | $18,080 | $18,890 | $18,890 | $20,510 | $22,130 | $27,815 | $28,625 | $28,625 | $28,625 | $28,625 | $28,625 | $28,625 | |
| Gross Surplus | $19,670 | $29,310 | $29,310 | $42,190 | $48,670 | $53,435 | $56,675 | $56,675 | $56,675 | $56,675 | $56,675 | $56,675 | |
| Gross Surplus % | 52.11% | 60.81% | 60.81% | 67.29% | 68.74% | 65.77% | 66.44% | 66.44% | 66.44% | 66.44% | 66.44% | 66.44% | |
| Operating Expenses | |||||||||||||
| Caretaking Expenses | |||||||||||||
| Caretaking Payroll | $15,600 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | $18,720 | |
| Groceries | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | $1,400 | |
| Cleaning Supplies | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Other Caretaking Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Caretaking Expenses | $17,100 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | $20,220 | |
| Caretaking % | 45.30% | 41.95% | 41.95% | 32.25% | 28.56% | 24.89% | 23.70% | 23.70% | 23.70% | 23.70% | 23.70% | 23.70% | |
| Administrative Expenses | |||||||||||||
| Administrative Payroll | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | $8,200 | |
| Other Expense Account Name | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Depreciation | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Property Taxes | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | |
| Utilities | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Insurance | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Payroll Taxes | 15% | $6,038 | $6,506 | $6,506 | $6,506 | $6,506 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 | $7,237 |
| Grounds and Building Upkeep | 15% | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Administrative Expenses | $18,938 | $19,406 | $19,406 | $19,406 | $19,406 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | $20,137 | |
| Administrative % | 50.17% | 40.26% | 40.26% | 30.95% | 27.41% | 24.78% | 23.61% | 23.61% | 23.61% | 23.61% | 23.61% | 23.61% | |
| Fundraising Expenses: | |||||||||||||
| Fundraising Payroll | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Brochures, Marketing | $800 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Fundraising Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Fundraising Expenses | $2,000 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Fundraising % | 5.30% | 2.49% | 2.49% | 1.91% | 1.69% | 1.48% | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% | |
| Total Operating Expenses | $38,038 | $40,826 | $40,826 | $40,826 | $40,826 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | $41,557 | |
| Surplus Before Interest and Taxes | ($18,368) | ($11,516) | ($11,516) | $1,365 | $7,845 | $11,878 | $15,118 | $15,118 | $15,118 | $15,118 | $15,118 | $15,118 | |
| EBITDA | ($18,268) | ($11,416) | ($11,416) | $1,465 | $7,945 | $11,978 | $15,218 | $15,218 | $15,218 | $15,218 | $15,218 | $15,218 | |
| Interest Expense | $1,821 | $1,808 | $1,792 | $1,775 | $1,750 | $1,725 | $1,696 | $1,671 | $1,646 | $1,621 | $1,596 | $1,579 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Surplus | ($20,188) | ($13,324) | ($13,307) | ($411) | $6,095 | $10,153 | $13,422 | $13,447 | $13,472 | $13,497 | $13,522 | $13,539 | |
| Net Surplus/Funding | -53.48% | -27.64% | -27.61% | -0.65% | 8.61% | 12.50% | 15.74% | 15.76% | 15.79% | 15.82% | 15.85% | 15.87% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Funding | $28,313 | $36,150 | $36,150 | $47,025 | $53,100 | $60,938 | $63,975 | $63,975 | $63,975 | $63,975 | $63,975 | $63,975 | |
| Cash from Receivables | $0 | $315 | $9,525 | $12,050 | $12,171 | $15,743 | $17,787 | $20,346 | $21,325 | $21,325 | $21,325 | $21,325 | |
| Subtotal Cash from Operations | $28,313 | $36,465 | $45,675 | $59,075 | $65,271 | $76,680 | $81,762 | $84,321 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $5,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $25,000 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $33,313 | $36,465 | $45,675 | $59,075 | $65,271 | $76,680 | $106,762 | $84,321 | $85,300 | $85,300 | $85,300 | $85,300 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $40,250 | $43,370 | $43,370 | $43,370 | $43,370 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | $48,245 | |
| Bill Payments | $505 | $15,244 | $17,734 | $18,145 | $21,314 | $22,879 | $23,588 | $24,315 | $23,507 | $23,482 | $23,457 | $23,432 | |
| Subtotal Spent on Operations | $40,755 | $58,614 | $61,104 | $61,515 | $64,684 | $71,124 | $71,833 | $72,560 | $71,752 | $71,727 | $71,702 | $71,677 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $500 | $500 | $1,000 | $1,000 | $1,000 | $1,000 | $500 | $0 | $0 | $0 | $0 | $0 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $1,000 | $1,000 | $1,000 | $1,000 | $2,000 | $2,000 | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $2,000 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $42,255 | $60,114 | $63,104 | $63,515 | $67,684 | $74,124 | $75,333 | $75,560 | $74,752 | $74,727 | $74,702 | $73,677 | |
| Net Cash Flow | ($8,943) | ($23,649) | ($17,430) | ($4,440) | ($2,413) | $2,556 | $31,429 | $8,761 | $10,548 | $10,573 | $10,598 | $11,623 | |
| Cash Balance | $69,057 | $45,408 | $27,978 | $23,539 | $21,126 | $23,682 | $55,111 | $63,873 | $74,421 | $84,994 | $95,592 | $107,215 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $78,000 | $69,057 | $45,408 | $27,978 | $23,539 | $21,126 | $23,682 | $55,111 | $63,873 | $74,421 | $84,994 | $95,592 | $107,215 |
| Accounts Receivable | $0 | $9,438 | $21,173 | $23,698 | $27,323 | $32,853 | $37,423 | $40,960 | $41,939 | $41,939 | $41,939 | $41,939 | $41,939 |
| Inventory | $6,000 | $3,570 | $3,240 | $3,240 | $4,860 | $6,480 | $7,290 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 | $8,100 |
| Other Current Assets | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 |
| Total Current Assets | $115,000 | $113,065 | $100,821 | $85,917 | $86,722 | $91,458 | $99,394 | $135,171 | $144,912 | $155,460 | $166,033 | $176,631 | $188,254 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $750,000 | $725,000 | $725,000 | $725,000 | $725,000 | $725,000 | $725,000 |
| Accumulated Depreciation | $0 | $100 | $200 | $300 | $400 | $500 | $600 | $700 | $800 | $900 | $1,000 | $1,100 | $1,200 |
| Total Long-term Assets | $750,000 | $749,900 | $749,800 | $749,700 | $749,600 | $749,500 | $749,400 | $724,300 | $724,200 | $724,100 | $724,000 | $723,900 | $723,800 |
| Total Assets | $865,000 | $862,965 | $850,621 | $835,617 | $836,322 | $840,958 | $848,794 | $859,471 | $869,112 | $879,560 | $890,033 | $900,531 | $912,054 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $14,653 | $17,133 | $17,436 | $20,552 | $22,094 | $22,776 | $23,531 | $22,724 | $22,700 | $22,676 | $22,651 | $22,635 |
| Current Borrowing | $5,000 | $9,500 | $9,000 | $8,000 | $7,000 | $6,000 | $5,000 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 | $4,500 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $5,000 | $24,153 | $26,133 | $25,436 | $27,552 | $28,094 | $27,776 | $28,031 | $27,224 | $27,200 | $27,176 | $27,151 | $27,135 |
| Long-term Liabilities | $210,000 | $209,000 | $208,000 | $207,000 | $206,000 | $204,000 | $202,000 | $199,000 | $196,000 | $193,000 | $190,000 | $187,000 | $185,000 |
| Total Liabilities | $215,000 | $233,153 | $234,133 | $232,436 | $233,552 | $232,094 | $229,776 | $227,031 | $223,224 | $220,200 | $217,176 | $214,151 | $212,135 |
| Paid-in Capital | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 | $699,150 |
| Accumulated Surplus/Deficit | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) | ($49,150) |
| Surplus/Deficit | $0 | ($20,188) | ($33,512) | ($46,819) | ($47,230) | ($41,135) | ($30,982) | ($17,560) | ($4,112) | $9,360 | $22,858 | $36,380 | $49,919 |
| Total Capital | $650,000 | $629,812 | $616,488 | $603,181 | $602,770 | $608,865 | $619,018 | $632,440 | $645,888 | $659,360 | $672,858 | $686,380 | $699,919 |
| Total Liabilities and Capital | $865,000 | $862,965 | $850,621 | $835,617 | $836,322 | $840,958 | $848,794 | $859,471 | $869,112 | $879,560 | $890,033 | $900,531 | $912,054 |
| Net Worth | $650,000 | $629,812 | $616,488 | $603,181 | $602,770 | $608,865 | $619,018 | $632,440 | $645,888 | $659,360 | $672,858 | $686,380 | $699,919 |