2023 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 2023, the team was responsible for submitting over 300 written arguments prepared by the Legal staff to the CPUC on behalf of consumers.
SUPPORT, REVENUE & EXPENSES • Fiscal Year Ending 6/30/2023
REVENUE
◼ Attorney Fees
◼ Contributions
◼ Foundation Grants
◼ Interest/Investment Activity
◼ Miscellaneous Income
TOTAL REVENUE
$4,819,022
$214,821
$1,343,500
$318,099
$11,561
$6,707,003
EXPENSES
◼ Program Expenses
◼ Administration
◼ Fundraising & Outreach
TOTAL EXPENSES
$6,854,032
$738,985
$310,239
$7,903,256
STATEMENT OF FINANCIAL POSITION • Fiscal Year Ending 6/30/2023
ASSETS
Cash & Cash Equivalents
Accounts Receivable
Grants Receivable
Prepaid Expenses, Deposits
Property & Equipment
Restricted Reserves
TOTAL
LIABILITIES
Accounts Payable
Consultant Payable
Accrued Vacation
Line of Credit
Current Note Payable
Non-current Note Payable
TOTAL
NET ASSETS
Beginning Net Assets
Restricted Net Assets
TOTAL
TOTAL LIABILITIES
& NET ASSETS
$3,399,729
$7,133,587
$600,000
$49,257
$4,386,290
$415,760
$15,984,623
$169,521
$2,266,698
$265,090
$700,000
$70,000
$5,046,311
$8,517,620
$6,466,461
$1,000,542
$7,467,003
$15,984,623