Hamilton Center has Positive Fiscal Year
The Board of Directors of Hamilton Center Inc. (HCI) received the organization's 2012 fiscal year results at their monthly board meeting, September 25, 2012. The audit was completed by Blue & Co, LLC, an independent auditor based in Indianapolis. The report shows that the organization finished fiscal year 2012 with a positive bottom line of $536,320. This represents a significant turn around from the prior year which resulted in a loss of $1,854,926. Hamilton Center's fiscal year runs from July 1st through June 30th.
The report also illustrated how Hamilton Center's performance compared with the other 24 Indiana Community Mental Health Centers (ICMHC).
|Hamilton Center, Inc.||ICMHC Average|
|Return on Net Assets||1.5%||-.8%|
|General & Administrative Expense||17.7%||20.8%|
|Uncompensated Care to Revenue||16.1%||14.7%|
In addition, Hamilton Center, Inc. provided $4,554,444 in charity care while treating 12,330 clients and delivering 295,621 outpatient visits.
"In the last several years, the State of Indiana has gone through significant changes in funding mental health services, said Mel Burks, CEO. "With those changes came some difficult management decisions and our need to keep expenses down. "Our staff have remained focused and have worked harder than ever to provide the highest quality of care to consumers."
Additional details about the organization will be released in their annual report which will be presented at their annual meeting of the Board of Directors and Hamilton Award's dinner on October 23, 2012 at ISU's Hulman Center. For additional information on that event, call (812) 231-8317.