2022 WFAA Finacial Report

TOTAL ADMINISTRATIVE EXPENSES

FY 2022

FY 2021

FY 2020

FY 2019

FY 2018

Salaries

27,003,338

24,460,453

25,526,956

22,035,562

20,941,414

Employee benefits

5,766,186 5,411,568 3,529,690 3,448,786 2,369,199 2,248,641 2,238,079 2,122,195 1,996,797 1,519,251

5,885,465 5,495,371

5,323,079 1,176,565 2,359,305 1,710,704 2,163,068 1,976,290 2,281,317 1,805,144 1,843,857 1,016,929 393,981 527,569 (112,457) -

4,876,342

4,600,040 3,370,509

Bad debt expense (unfulfilled pledges)

580,776

Information technology Agency transfer expense

2,793,296

2,075,234

1,559,380

-

-

-

Professional services

1,574,064

1,987,071 1,974,693 2,002,324 2,280,806 1,607,734 1,926,757 1,039,264

2,596,703 2,293,437 2,265,712 2,168,502 1,525,161 2,236,320 1,020,368

Conferences, conventions, and meetings

264,189

Office expenses

2,009,206 2,191,768 1,692,386 1,246,692 830,393 468,686 33,905 509,624 14,238 7,073,000

Depreciation Payroll taxes

Advertising and promotion

Occupancy

970,595 608,071 413,459 349,915 28,472 23,984

Insurance

361,327 613,959 897,841

248,873 662,553 555,558 63,084

Travel

Income tax expense All other expenses Loss on guarantee

2,882

5,908

-

-

-

TOTAL

60,048,226

56,542,736

47,995,189

44,265,598

46,107,614

ADMINISTRATIVE EXPENSES AND CONTRIBUTIONS, 2013–22 ADMINISTRATIVE EXPENSES COST OF RAISING A DOLLAR

ROLLING FIVE-YEAR AVERAGES

ENDING IN YEAR SHOWN

Expenses

Net Contributions

(as a percentage of contributions)

TOTAL CONTRIBUTIONS

NET CONTRIBUTIONS

(excluding income taxes, agency transfers, and loss on guarantee)

$331.5

$350 $300 $250 $200

$325.7

$322.5

$295.8

$289.2

FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2015 FY2014 FY2013

56,225,541 48,960,112 48,107,646 43,367,757 45,552,238 49,281,002 21,927,288 45,794,113 36,855,944 28,452,725

378,419,715 383,703,656 304,160,374 341,625,459 313,184,081 338,449,963 151,643,056 543,596,612 380,492,270 266,855,030

14.9%

322,194,174

$274.1

12.8% 334,743,544 15.8% 256,052,728

12.7% 14.5% 14.6% 14.5%

298,257,702 267,631,843 289,168,961 129,715,768 497,802,499

$150 $100 $50 0 MILLIONS

$48.4

$46.0 $47.0

$45.6

$44.3

$40.8

FY2016 (6 MOS)

8.4%

2017

2018

2019

2020

2021

2022

9.7% 343,636,326 10.7% 238,402,305