balance sheet corporation

							                                  XYZ NONPROFIT CORPORATION
                                        BALANCE SHEET
                                             2002 (A)  2003 (A)            2004 (A)
ASSETS
 Current assets
  Cash                                           $2,576.00    $20,904.00  $86,971.00
  Investments                                   $12,000.00    $12,000.00  $12,000.00
  Accounts Receivables, net                     $88,764.00    $47,884.00 $199,905.00
  Prepaid expense                                  $956.00     $1,270.00   $4,026.00
 Total Current Assets                          $104,296.00    $82,058.00 $302,902.00

 Property and equipment, net
  Land                                         $192,300.00   $193,372.00 $193,372.00
  Furniture and equipment                       $59,135.00    $61,053.00  $92,267.00
  Leasehold improvements                        $35,539.00    $23,380.00 $110,463.00
 Total property and equipment                  $286,974.00   $277,805.00 $396,102.00

TOTAL ASSETS                                   $391,270.00   $359,863.00 $699,004.00

LIABILITIES AND NET ASSETS

LIABILITIES
 Current liabilities
  Accounts payable                              $74,826.00    $39,951.00 $104,201.00
  Accrued payroll and related liabilities       $57,888.00    $45,954.00  $66,359.00
  Note payable (current portion)                 $6,303.00     $8,070.00 $166,161.00
  Capital lease obligation (current portion)         $0.00         $0.00     $312.00
 Total current liabilities                     $139,017.00    $93,975.00 $337,033.00

 Note payable (long term)                            $0.00         $0.00   $1,904.00
 Capital lease obligation (long term)          $171,229.00   $166,004.00       $0.00

Total liabilities                              $310,246.00   $259,979.00 $338,937.00

NET ASSETS
 Unrestricted                                  ($38,418.00) ($105,127.00) $27,202.00
 Temporarily restricted                        $119,442.00 $205,011.00 $332,865.00

Total net assets                                $81,024.00    $99,884.00 $360,067.00

TOTAL LIABILITIES AND NET ASSETS               $391,270.00   $359,863.00 $699,004.00
                    XYZ NON-PROFIT CORPORATION
                         INCOME STATEMENT
                              2002 (A)    2003 (A)                2004 (A)

Revenue
 Grant Income                  $617,169.00      $632,889.00     $1,078,837.00
 Customer Fees                 $506,788.00      $579,824.00     $1,004,874.00
 Other                          $39,567.00       $31,362.00       $107,370.00
 Interest                        $1,541.00          $186.00           $162.00

Total Revenue                 $1,165,065.00    $1,244,261.00    $2,191,243.00

Expenses
 Program services
  Payroll and benefits         $417,004.00      $520,069.00      $915,787.20
  Supplies                     $125,101.20      $171,622.77      $320,525.52
  Rent and Utilities           $150,000.00      $150,000.00      $150,000.00
  Telephone                     $24,000.00       $24,000.00       $24,000.00
  Other                        $117,903.00       $79,888.00      $115,999.00
 Management and other          $351,000.00      $371,101.00      $445,819.00

Total Expenses                $1,185,008.00    $1,316,681.00    $1,972,131.00

Excess revenues of expenses     ($19,943.00)     ($72,420.00)    $219,112.00

Customers                             5,962            6,821          11,822
                                           XYZ NON-PROFIT CORPORATION
                                            STATEMENT OF CASH FLOWS
                                                              2002 (A)         2003 (A)       2004 (A)

CASH FLOW FROM OPERATING ACTIVITIES
Excess Revenues over expenses                                   ($19,943.00) ($72,420.00) $219,112.00

Adjustments to reconcile cash provided (used) in operations
 Depreciation                                                    $21,311.00   $26,396.00   $36,452.00
 Decrease (increase) in accounts receivable                     ($38,475.00) $132,160.00 ($110,950.00)
 Decease (increase) in prepaid expenses                             $307.00     ($314.00)  ($2,640.00)
 Increase (decrease) in accounts payable                         $41,755.00 ($34,875.00) $64,250.00
 Increase (decrease) in accrued payroll and related expenses      $5,976.00 ($11,934.00) $20,405.00
 Decrease (increase) in other assets                                  $0.00        $0.00     ($116.00)

Net cash provided (used) in operations                          $10,931.00     $39,013.00    $226,513.00

CASH FLOW FROM INVESTING ACTIVITIES

Acquisition of capital items                                   ($248,787.00) ($17,227.00) ($154,649.00)

Net cash used by investing activities                          ($248,787.00) ($17,227.00) ($154,649.00)

CASH FLOW FROM FINANCING ACTIVITIES

Net proceeds from refinancing of loan                          $180,000.00      $3,539.00          $0.00
Decrease in loans                                               ($2,468.00)    ($6,997.00)    ($7,913.00)
Capital lease obligations                                            $0.00          $0.00      $2,243.00
Principle payments on capital lease obligation                       $0.00          $0.00       ($127.00)

Net cash provided (used) in financing activities               $177,532.00     ($3,458.00)    ($5,797.00)


Net increase (decrease) in cash                                 ($60,324.00)   $18,328.00     $66,067.00

Cash, beginning of year                                         $62,900.00      $2,576.00     $20,904.00

Cash, end of year                                                $2,576.00     $20,904.00     $86,971.00