Maranatha Christian Academy

3 Financial Summary M CA's financial health keeps improving. With gratefulness to God, we have experienced a significant improvement in the operational cash position of the Academy. Historically, MCA has had to borrow from reserves every summer to meet summer-end bills and payroll. However, the past two years have experienced positive cash flow so that our reserves stay intact the whole year. Our next financial goal is to have all operational expenses covered with hard income (tuition, fees, and services), and not rely on donations/fundraisers. With the Lord's blessing and continued adherence to our five-year strategic financial plan, we should reach this goal by August 2018. Once complete, all fundraising and donations can be pointed toward growth and endowment. Thank you to all of you who faithfully give to support God's work at MCA. As you can see by the graphs, most of the budget serves as an investment in people and the resources they need to fulfill MCA's mission. We are blessed with faculty and staff who are committed to Jesus and to serving students by training and equipping them for a life of service to Jesus Christ. Instructional: $93,388 Programs/Services: $228,971 Salaries: $2,389,745 Benefits: $449,921 Operations/Pro. Services: $260,401 Facilities/Vehicles: $521,092 Total: $3,943,518 Net Tuition 80% Other 1% Fees 8% Programs/Services 7% Gifts/Fundraising 4% Revenue 2015-16 Expenses 2015-16 Programs/ Services 6% Salaries 61% Facilities/Vehicles 13% Operations/ Pro. Services 7% Benefits 11% Instructional 2% Net Tuition: $3,274,566 Fees: $306,012 Programs/Services: $273,174 Gifts/Fundraising: $193,035 Other: $29,079 Total: $4,075,866 Malinda and Mark Evans with their daughter, Madeline, on the first day of school.

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