Our operating budget is looking strong so far, somewhat better than expected. Our long-term finances remain healthy, and we have received 60% of the contributions pledged to the Capital Campaign. All information below is as of the end of March.

Revenue and Expenses
Our operating income was $177,176, 20% higher than our budget of $147,974 for this point in the year. This is partially due to a decision by the Board at our December meeting to allocate $9,500 of the yearly Core Endowment withdrawal that in most past years has gone toward capital expenses. The successful Capital Campaign has meant that capital projects in 2026 will mostly be paid for by the Campaign, making the Endowment allocation better spent on balancing our budget. Operating expenses were $154,568, 98% of our budget of $157,109 for this point in the year. Overall, this means we had a net revenue of $22,607, $31,000 higher than our expected net loss of $9,135 for this point in the year.

Assets and Liabilities
Total assets were $568,470, down by about $5,000 from the start of the year. The total assets do not include the money in our endowments and other investments. Total liabilities were $552,407, down by about $17,000 from the beginning of the year. Overall, we ended the quarter with total equity of $16,063, a combination of our $6,544 in retained debt from 2025, and our $22,607 net revenue this year.