b'Board of Directors A Healthy Financial PictureJoseph Wadlinger, Chair Rosemary Anderson Jack Connolly Rod LaurenzSusan Flannery, Vice-Chair Fran Arnold Jamie Evans Alan Posner FY24 in ReviewMark Whalen, Treasurer Megon Barrow Ccile Garcin Ellis Seidman Riversides revenues continued to grow in Fiscal Year 2024.The most significant reason for the Melody Mak-Jurkauskas, Clerk Melody Belliveau James Hardeman Annette Shine growth was that FY24 was the first full year of operations for our two Community Behavioral Jennifer Bingham Kim Herman Hao Wang Health Centers (CBHCs), which launched in January 2023. In addition, philanthropic support from Kip Brown Edward Klayman Tyrone Williams private donors and foundations enabled Riverside to pilot new programs, make our services more accessible, and purchase and renovate a much-needed new building for our 24/7 Respite services.Expenses grew at a similar rate as revenues, due in large part to improved hiring and significant Riverside by the Numbers investments made in staff salaries. The organization has designed and implemented a versatile financial management strategy capable 70 % + of insulating it from high inflationary pressures, ongoing salary competition, and chronic supply of people served arechain issues. We believe the past several years have shown agility in our management strategy, 40,000+ MassHealth members which will allow for continued financial stability and growth in FY25 and beyond.people served 118 programs each year across75locations Massachusetts with Summary of Revenue & Expenses some services worldwide (In thousands)FY2024FY2023Contracts$70,881$69,172 Insurers$41,769$33,125 % 59 %Grants, Donations, & Other Revenue $13,506$9,671FY24 Expenses93We steward your support wisely, of survey respondentsof leadershipTotal Revenue$126,156$111,968 limiting our management and satisfied with servicespositions heldTotal Expenses$125,019$110,970fundraising costs to 8.5 cents of received by women Net from Current Operations$ 1,137$ 988 every dollar we raise.91.5% ServicesAssets, Liabilities, & Net Assets(In thousands) FY2024FY202343 % Assets$75,151$74,664General &$1351,700+Liabilities $39,914$40,564Admin8.5%people work of staff identifymillion annual budget at Riverside as people of color Net Assets$35,237$34,10016 17'