2022 Financials
Playing a Key Role
TURN’s administrative team does an enormous amount to keep our office running smoothly and efficiently, respond to member questions and concerns, and support our staff in myriad ways. In addition, they were responsible for over 300 written arguments submitted to the CPUC on behalf of consumers in 2022.
REVENUE
◼ Attorney Reimbursement
◼ Contributions
◼ Foundation Grants
◼ Interest/Investment Activity
◼ Miscellaneous Income
TOTAL REVENUE
$8,006,386
$351,023
$1,505,500
-$285,005
$103,472
$9,681,376
EXPENSES
◼ Ratepayer Advocacy
◼ Administration
◼ Fundraising & Outreach
TOTAL REVENUE
$6,772,292
$439,501
$443,267
$7,655,060
STATEMENT OF FINANCIAL POSITION • Fiscal Year Ending 6/30/2022
CURRENT ASSETS
Cash, Cash Equivalents
Investments
Accounts Receivable
Grants Receivable
Prepaid Expenses, Deposits
TOTAL
NONCURRENT ASSETS
Restricted Reserves
Property, Equipment, net
TOTAL
CURRENT LIABILITIES
Accounts Payable, Accrued Expenses
Accrued Vacation
Deferred Rent
TOTAL
NONCURRENT LIABILITIES
Note payable, net
TOTAL
NET ASSETS
Beginning Net Assets
Restricted Net Assets
TOTAL
TOTAL LIABILITIES & NET ASSETS
$670,939
$2,183,742
$7,948,466
$192,500
$67,972
$11,063,619
$636,837
$4,427,341
$5,064,178
$2,061,627
$253,650
$43,307
$2,358,584
$5,105,957
$7,464,541
$8,268,256
$395,000
$8,663,256
$16,127,797