SCSM FINANCIAL STATUS AT THE END OF 2018

SCSM TREASURER’S REPORT – 2018

PREPARED BY ARVID M. DANIELSEN

We are once again thankful for the way the Lord has blessed the ministry of Spiritual Care Support Ministries (SCSM).  Our income in 2018 was nearly $3000 lower than in 2017, but our expenses were significantly higher than in 2017 by approximately $11,000.  This resulted in a net loss of approximately $700.  Part of our income in 2017 was an $8000 grant that we received from the Loeb Foundation specifically for new computer / printing equipment for the new SCSM center.  However, this equipment was purchased toward the end of 2017, but the credit card charges did not come through until early 2018.  Therefore, we would have had a net income of approximately $7200 for 2018 had we expended the $8000 grant when we received it in 2017.

As in all previous years, the SCSM Board (including the President and CEO) are all “volunteers” and do not receive any compensation. For 2019, we expect to have four part-time employees (an administrator, a receptionist, a marketing coordinator, and a volunteer coordinator).  We continue not to charge for our services, but rely primarily on donations from individuals and churches to meet our needs.  May God bless you as you continue to pray for and support this ministry.

The Table below shows the Income and Expenditures for each year since we opened in 2004.  The 2004 data reflects only a partial year (8 months) that the SCSM Center in Warrenton was open.  Overall, for this 14 year – 8 month period, our Total Income is now nearly $1,400,000.  Our Total Expenditures for this same period are about $27,000 less.

The charts below show the breakdown of our total income between Donations and Grants for 2018.

The following chart shows a “simplified” distribution of expenses in 2018.