PRESIDENT’S REPORT The Statement of Financial Position Operating Expenses Total Assets Total Liabilities Total Net Assets Revenue by Source College of Chiropractic: 66.8 Undergraduate and Graduate: 14.6 Auxiliary Enterprise: 10.4 Other: 2.3 Private Contributions: 3.1 Grants: 2.8 Instructional and Research: 32.3 Institutional Support: 22.06 Student Services: 15.5 Operations and Maintenance: 7.9 Auxiliary Enterprise: 11.8 Fundraising 1.2 Academic Support: 3.4 Public Service: 1.2 Other: 5.1 $131,062,650 $101,660,963 $29,401,678 Eighteenth consecutive year that financial performance was better than budgeted. Fiscal Year 2021 Fiscal Year 2022 Fiscal Year 2023 7/1/2020–6/30/2021 7/1/2021–6/30/2022 7/1/2022–6/30/2023 Number of Donors 950 907 803 Total Number Raised Cash $1,276,674.00 $1,990,774.00 $2,072,057.00 In-Kind $4,984.00 $66,847.00 $189,786.00 Total $1,281,658.00 $2,057,621.00 $2,261,843.00 Total Alumni 20,683 21,477 22,364 LIFEforce 1,365 1,457 1,527 Finished the year with revenues of $1,764,542 more than budgeted and expenses $890,342 less than budgeted, producing a net positive financial performance against budget. Engagement Trends PR:5 Alumni.life.edu | 2023