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