Statement of Financial Position

STATEMENT OF FINANCIAL POSITION As of June 30, 2008   Total Current Assets $5,969,652 Total Non-Current Assets 1,493,976      Total Assets $7,463,628 Total Current Liabilities $1,137,500 Total Non-Current Liabilities 2,561,268      Total Liabilities $3,698,768 Unrestricted Net Assets $2,173,542 Temporarily Restricted Net Assets 1,591,318      Total Net Assets $3,764,860      Total Liabilities and Net Assets $7,463,628

REVENUES FOR THE YEAR ENDED JUNE 30, 2007

Surgeon Contributions	$137,939
Society & Corporate Contributions	$470,419
Investment Income	$90,000

EXPENDITURES FOR THE YEAR ENDED JUNE 30, 2006

Research	$967,500
Education	$126,498
Administrative	$341,372

TSFRE ensures that research and education, the foundations for progress within the medical specialty, remain at the forefront and that innovative, new endeavors receive the support and commitment necessary to advance thoracic surgery in future years.

Back to 2008 Annual Report