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Statement of Activities	Unrestricted				Temporarily Restricted				Unrestricted				Temporarily Restricted
Revenues
Program service revenue	$	5,695,000							$	2,260,000
Contribution revenues		3,337,500			$	751,000				3,210,000
Grant revenue						97,000							$	1,026,000
Net gains on endowment investments		17,600
Net assets released from restriction
Satisfaction of program restrictions		452,000				(452,000	)			407,000				(407,000	)
Total revenues		9,502,100				396,000				5,877,000				619,000
Expenses
Education program expenses		5,721,000								1,560,000
Research program expense		1,257,000								2,306,000
Total program service expenses		6,978,000								3,866,000
Fund-raising		466,000								361,000
Administration		651,000								1,230,000
Total supporting service expenses		1,117,000								1,591,000
Total expenses		8,095,000								5,457,000
Increase in net assets		1,407,100				396,000				420,000				619,000
Net assets January 1		4,209,000				760,000				1,038,500				321,000
Net assets December 31	$	5,616,100			$	1,156,000			$	1,458,500			$	940,000

ACCOUNTING

Calculate the following ratios (assume depreciation expense is $751,000 for both organizations and is allocated among program and supporting expenses.

Program expense.

Fund-raising efficiency.

Days cash on hand.

Working capital (expressed in days)

For each ratio, which of the two organizations has the stronger ratio. (Assume 365 days in a year. Do not round intermediate calculations. Round "Program expense" answers to 1 decimal place and "Fund-raising efficiency" answers to 3 decimal places and "Days cash on hand", "Working capital" answers to nearest whole number.)

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