$2.7 million
F I NAN C I AL R E S U LT S
community benefits delivered
Ready for the next leg of our journey Northwest Kidney Centers continues to be the predominant kidney care provider in King County, delivering 79.5 percent of all dialysis treatments in our service area.
Sources and uses of revenue
• Controlling costs. We gave 3 percent more treatments this year, but reduced the cost per treatment by 1.9 percent thanks to growth, renegotiating contracts, refinancing debt, purchasing carefully, scheduling better and working more efficiently.
Patient service revenue......................... $96,633,546
• Preparing to meet demand. We invested $10.9 million in capital projects including our new Enumclaw clinic, five stations at SeaTac, and new dialysis machines and chairs at several locations. We also purchased our building in Lake City, which we had leased since 2002. • Living with uncertainty. We are pleased to be fiscally fit, knowing that the coming year will bring undetermined cuts to Medicare dialysis reimbursement and hard-to-anticipate ramifications of health care reform. We know we will need to remain nimble.
Research
SOURCES OF REVENUE Contributions............................................. 1,832,597 Investment income.................................... 1,146,988. Total.............................................$99,613,131 USES OF REVENUE Salaries and benefits................................51,101,594 Supplies and other expenses....................39,696,306 Depreciation and interest.......................... 5,298,978 Provision for renovation, new equipment and new programs................... 3,516,253. Total.............................................$99,613,131 Audited financial statements are available by request. Northwest Kidney Centers is a 501(c)(3) not-for-profit, community-based health care provider.
Individuals
Greatest need Other uses
Fiscal year ending June 30, 2013
Foundations, community organizations
Capital campaign
Corporations, businesses
Bequests
38%
16%
33%
G I F T D E S I G N AT I O N S
PAG E
12
13%
55%
10%
30%
5%
SOURCES OF CONTRIBUTIONS