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Rose City (Starnes) 2019 2020 2021 2022
2 INCOME STATEMENT
3 Revenue % Rev % Rev % Rev % Rev
4 5001 Vaccine Revenue 137,652 7.2% 188,529 7.2% 243,467 7.8% 267,057 7.15%
5 5010 Exam Revenue 237,082 12.5% 502,207 19.1% 463,274 14.8% 518,753 13.88%
6 5020 Hospitalization & Treatment Revenue 46,723 2.5% 70,954 2.7% 147,859 4.7% 295,166 7.90%
7 5025 Fluid Therapy Revenue 17,977 0.9% 0.0% 1,597 0.1% 55,156 1.48%
8 5030 Diagnostic Services Revenue 0.0% 0.0% 0.0% 0 0.00%
9 5040 Rehabilitation Revenue 0.0% 0.0% 0.0% 0 0.00%
10 5045 Laser Therapy Revenue 0.0% 0.0% 0.0% 0 0.00%
11 5050 Mortuary Revenue 24,639 1.3% 9,703 0.4% 32,206 1.0% 8,541 0.23%
12 5060 Behavior Service Revenue 0.0% 0.0% 0.0% 0 0.00%
13 5070 Alternative and Complementary Medicine Revenue 0.0% 0.0% 0.0% 0 0.00%
14 5080 Specialist Revenue 0.0% 0.0% 0.0% 0 0.00%
15 5095 Medical Waste Revenue 0.0% 0.0% 0.0% 0 0.00%
16 5000 Professional Services Revenue 464,074 24.4% 771,392 29.3% 888,403 28.3% 1,144,674 30.63%
17 5105 FDA Prescription Meds, Pill, Cap, Liquid, Etc. Revenue 283,948 15.0% 491,920 18.7% 405,296 12.9% 636,714 17.04%
18 5110 Injection Revenue 63,414 3.3% 73,912 2.8% 84,882 2.7% 96,699 2.59%
19 5115 FDA Prescription Flea/Tick Non-HW Parasite Control Revenue 0.0% 0.0% 0.0% 0 0.00%
20 5121 FDA Prescription HW Revenue 132,747 7.0% 175,244 6.7% 226,709 7.2% 221,604 5.93%

21 FDA Prescription Combination HW/Parasite Control

5122 Revenue 122,765 6.5% 172,376 6.5% 310,979 9.9% 275,115 7.36%
22 5120 FDA Prescription HW or Combination HW/Parasite Contr 255,512 13.5% 347,620 13.2% 537,688 17.2% 496,719 13.29%
23 5130 Internet Pharmacy Revenue 0.0% 1,423 0.1% 0.0% 0 0.00%
24 5100 Pharmacy Revenue 602,873 31.7% 914,875 34.7% 1,027,866 32.8% 1,230,132 32.92%
25 5201 Therapeutic Diet Revenue 51,420 2.7% 69,957 2.7% 82,335 2.6% 99,726 2.67%
26 5202 Retail Diet Revenue 0.0% 0.0% 0.0% 0 0.00%
27 5200 Dietary Product Revenue 51,420 2.7% 69,957 2.7% 82,335 2.6% 99,726 2.67%
28 5301 In-House Lab Revenue 159,489 8.4% 190,259 7.2% 389,100 12.4% 279,556 7.48%
29 5302 Outside (Reference) Lab Revenue 20,480 1.1% 26,923 1.0% 29,321 0.9% 58,657 1.57%
30 5300 Laboratory Revenue 179,969 9.5% 217,182 8.2% 418,421 13.4% 338,213 1.16%
31 5403 X-Ray Revenue 75,869 4.0% 144,600 5.5% 133,559 4.3% 171,286 4.58%
32 5404 Dental X-Ray Revenue 0.0% 0.0% 0.0% 452 0.01%
33 5405 CT Services Revenue 0.0% 0.0% 0.0% 0 0.00%
34 5410 Ultrasound Services Revenue 5,910 0.3% 780 0.0% 10,338 0.3% 18,782 0.50%
35 5415 MRI Services Revenue 0.0% 0.0% 0.0% 0 0.00%
36 5420 Specialist (Imaging) Consultation Revenue 43,233 2.3% 0.0% 0.0% 0 0.00%
37 5400 Imaging Revenue 125,012 6.6% 145,380 5.5% 143,897 4.6% 190,519 5.10%
38 5510 Non-Specialist Surgery Revenue 182,037 9.6% 228,928 8.7% 192,948 6.2% 353,880 9.47%
39 5520 Specialist Surgery Revenue 0.0% 0.0% 0.0% 0 0.00%
40 5500 Surgery Revenue 182,037 9.6% 228,928 8.7% 192,948 6.2% 353,880 9.47%
41 5600 Anesthesia Revenue 0.0% 0.0% 0.0% 66,499 1.78%
42 5700 Dentistry Revenue 64,658 3.4% 90,188 3.4% 100,848 3.2% 132,007 3.53%
43 5801 OTC Products, Shampoos, & Nutraceutical Revenue 0.0% 0.0% 2,033 0.1% 13,027 0.35%
44 5802 Pet Supplies Retail Revenue 11,143 0.6% 10,663 0.4% 0.0% 17,027 0.46%
45 5803 Non-FDA Flea & Tick Control Product Revenue 0.0% 0.0% 0.0% 0 0.00%
46 5804 Internet Ancillary Product Revenue 0.0% 0.0% 0.0% 0 0.00%
47 5800 Ancillary Products & Services Revenue 11,143 0.6% 10,663 0.4% 2,033 0.1% 30,054 0.80%
48 5825 Boarding Revenue 161,408 8.5% 114,245 4.3% 192,642 6.1% 203,325 5.44%
49 5850 Grooming Revenue 156,949 8.3% 162,486 6.2% 202,566 6.5% 202,356 5.41%
50 5870 Other Revenue 0.0% 0.0% 0.0% 92,754 2.48%
51 Total Gross Revenue 1,999,542 105.3% 2,725,297 103.5% 3,251,959 103.8% 3,789,279 101.39%
52 5905 Fee Discounts 100,719 5.3% 90,809 3.4% 117,924 3.8% 52,037 1.39%
53 5910 Returns and Allowances 0.0% 1,686 0.1% 0.0% 0 0.00%
54 5915 Adjustments and Write-offs 0.0% 0.0% 0.0% 0 0.00%
55 5900 Fee Discounts & Client Returns 100,719 5.3% 92,495 3.5% 117,924 3.8% 52,037 1.39%
56 Total Net Revenue $1,898,823 100.0% $2,632,802 100.0% $3,134,036 100.0% 3,737,242 100.00%
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Rose City (Starnes) 2019 2020 2021 2022
57 Direct Costs or Cost of Goods and Services
58 6001 Vaccine Costs 62,879 3.3% 47,280 1.8% 80,938 2.6% 98,228 2.63%
59 6020 Examination, Hospitalization, & Treatment Costs 9,314 0.5% 15,670 0.6% 26,312 0.8% 37,354 1.00%
60 6025 Fluid Therapy Costs 4,342 0.2% 4,167 0.2% 7,449 0.2% 10,724 0.29%
61 6040 Rehabilitation Costs 0.0% 0.0% 0.0% 0.00%
62 6050 Animal Disposal/Mortuary Costs 12,501 0.7% 17,061 0.6% 22,885 0.7% 35,806 0.96%
63 6060 Specialist / Consultation Costs (NON Imaging) 0.0% 0.0% 0.0% 0.00%
64 6095 Medical Waste Disposal Costs 1,011 0.1% 390 0.0% 519 0.0% 678 0.02%
65 6000 Professional Services Costs 90,047 4.7% 84,567 3.2% 138,103 4.4% 182,790 4.89%
66 6105 FDA Prescription Meds, Pill, Cap, Liquid, Etc. Costs 81,509 4.3% 136,505 5.2% 153,459 4.9% 182,349 4.88%
67 6110 Injection Costs 352 0.0% 5,616 0.2% 25,934 0.8% 27,235 0.73%
68 6115 FDA Prescription Flea/Tick Non-HW Parasite Control Product Costs 0.0% 0.0% 0.0% 162,415 4.35%
69 6121 FDA Prescription HW Parasite Control Product Costs 69,936 3.7% 0.0% 139,786 4.5% 115,554 3.09%
70 6122 FDA PrescriptionCombo HW/Parasite Control Product 94,962 5.0% 234,423 8.9% 96,234 3.1% 0.00%
71 6120 FDA Prescription HW or Combo HW/Parasite Control Pro 164,898 8.7% 234,423 8.9% 236,020 7.5% 115,554 3.09%
72 6130 Internet Pharmacy Costs 79 0.0% 0.0% 0.0% 0.00%
73 6100 Pharmacy Costs 246,839 13.0% 376,543 14.3% 415,414 13.3% 487,553 13.05%
74 6201 Therapeutic Diet Product Costs 3,643 0.2% 6,161 0.2% 76,726 2.4% 73,187 1.96%
75 6202 Retail Diet Product Costs 44,031 2.3% 53,809 2.0% 74 0.0% 0.00%
76 6200 Dietary Product Costs 47,674 2.5% 59,970 2.3% 76,799 2.5% 73,187 1.96%
77 6301 In-House Lab Costs 43,146 2.3% 64,828 2.5% 83,858 2.7% 72,600 1.94%
78 6302 Outside (Reference) Lab Costs 7,590 0.4% 7,861 0.3% 9,599 0.3% 31,412 0.84%
79 6300 Laboratory Costs 50,737 2.7% 72,689 2.8% 93,457 3.0% 104,012 2.78%
80 6403 X-Ray Costs 1,831 0.1% 554 0.0% 9,453 0.3% 2,711 0.07%
81 6404 Dental X-Ray Costs 0.0% 0.0% 0.0% 0.00%
82 6405 CT Costs 0.0% 0.0% 0.0% 0.00%
83 6410 Ultrasound Costs 0.0% 0.0% 0.0% 0.00%
84 6415 MRI Costs 0.0% 0.0% 0.0% 0.00%
85 6420 Specialist (Imaging) Consultation Costs 937 0.0% 595 0.0% 313 0.0% 250 0.01%
86 6400 Imaging Costs 2,768 0.1% 1,149 0.0% 9,766 0.3% 2,961 0.08%
87 6500 Surgery Costs 7,413 0.4% 25,371 1.0% 12,616 0.4% 17,434 0.47%
88 6600 Anesthesia Costs 4,735 0.2% 7,873 0.3% 7,153 0.2% 11,312 0.30%
89 6700 Dentistry Costs 117 0.0% 325 0.0% -680 0.0% 1,283 0.03%
90 6801 OTC Products, Shampoos, & Nutraceutical Costs 2,385 0.1% 4,186 0.2% 2,383 0.1% 3,825 0.10%
91 6802 Pet Supply Costs 0.0% 0.0% 434 0.0% 1,534 0.04%
92 6803 Non-FDA Flea/Tick Control Costs 0.0% 81 0.0% 244 0.0% 962 0.03%
93 6804 Internet Ancillary Retail Sales Costs 0.0% 0.0% -118 0.0% 0.00%
94 6800 Ancillary Products & Services Costs 2,385 0.1% 4,267 0.2% 2,944 0.1% 6,321 0.17%
95 6825 Boarding Costs 359 0.0% 341 0.0% 396 0.0% 5,782 0.15%
96 6850 Grooming Costs 4,449 0.2% 8,301 0.3% 7,808 0.2% 6,336 0.17%
97 Total COGS 457,524 24.1% 641,396 24.4% 763,776 24.4% 898,971 24.05%
98 Gross Profit 1,441,300 75.9% 1,991,406 75.6% 2,370,260 75.6% 2,838,271 75.95%
99 Labor Expenses
100 7000 Owner Veterinarian Compensation 150,625 7.9% 169,281 6.4% 225,000 7.2% 240,000 6.42%
101 7005 Owner Management Compensation 0.0% 0.0% 0.0% 0.00%
102 7080 Associate Veterinarian Compensation (wages, PTO, bonus 108,334 5.7% 138,429 5.3% 184,585 5.9% 249,838 6.69%
103 7083 Relief Veterinarian - Contractor Payments 6,700 0.4% 1,725 0.1% 0.0% 0.00%
104 7085 Veterinary Specialist - Contractor Payments 0.0% 0.0% 0.0% 0.00%
105 7090 Intern Veterinarians Compensation 0.0% 0.0% 0.0% 0.00%
106 7100 Other Support Staff Compensation (wages, PTO, bonuses) 0.0% 0.0% 21,042 0.7% 20,552 0.55%
107 7130 Registered Veterinary Technicians Compensation (wages, PTO, bonuses) 0.0% 0.0% 0.0% 0.00%
108 7135 Non-Registered Veterinary Technicians & Assistants Com 154,300 8.1% 235,536 8.9% 255,220 8.1% 408,888 10.94%
109 7140 Client Service Reps/Receptionists Compensation (wages, 78,847 4.2% 74,360 2.8% 129,733 4.1% 133,273 3.57%
110 7145 Other (Non-DVM) Temporary Services - Contractor Payments 0.0% 0.0% 0.0% 0.00%
111 7150 Maintenance Personnel Compensation (wages, PTO, bonuses) 0.0% 0.0% 0.0% 0.00%
112 7160 Administrative Personnel Compensation (wages, PTO, bon 14,430 0.8% 17,085 0.6% 0.0% 0.00%
113 7162 Practice Manager/Administrator Compensation (wages, PT 20,440 1.1% 31,352 1.2% 42,494 1.4% 113,262 3.03%
114 7164 Office Manager/Executive Assistant Compensation (wages, PTO, bonuses 0.0% 0.0% 0.0% 31,373 0.84%
115 7166 Bookkeeper Compensation (wages, PTO, bonuses) 28,221 1.5% 30,040 1.1% 25,524 0.8% 32,608 0.87%
116 7168 Clerical/Secretarial Personnel Compensation (wages, PTO, bonuses) 0.0% 0.0% 0.0% 205,901 5.51%
117 7170 Groomers Compensation (wages, commission, PTO, bonus 54,660 2.9% 70,700 2.7% 80,916 2.6% 89,229 2.39%
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Rose City (Starnes) 2019 2020 2021 2022
118 7175 Kennel Assistants Compensation (wages, PTO, bonuses) 47,269 2.5% 80,456 3.1% 87,095 2.8% 0.00%
119 Compensation and Wages 663,825 35.0% 848,964 32.2% 1,051,609 33.6% 1,524,924 40.80%
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Rose City (Starnes) 2019 2020 2021 2022
120 7210 FICA Tax Expense – Employer’s Portion 49,271 2.6% 62,267 2.4% 73,880 2.4% 108,137 2.89%
121 7220 Federal Unemployment Tax Expense 843 0.0% 1,240 0.0% 1,414 0.0% 2,223 0.06%
122 7230 State Unemployment Tax Expense 460 0.0% 763 0.0% 1,184 0.0% 1,863 0.05%
123 7250 Other Employer Payroll Tax Expense 0.0% 0.0% 280 0.0% 0.00%
124 Employer Payroll Taxes 50,574 2.7% 64,269 2.4% 76,758 2.4% 112,223 3.00%
125 7301 Group Health Insurance Premium Expense 6,600 0.3% 6,657 0.3% 10,709 0.3% 11,054 0.30%
126 7302 S Corporation Shareholder Health Insurance Premium 0.0% 0.0% 0.0% 6,560 0.18%
127 7303 Group Dental/Vision Insurance Premium Expense 0.0% 0.0% -926 0.0% -3,102 -0.08%
128 7304 Group Disability Insurance Premium Expense 0.0% 0.0% 0.0% 0.00%
129 7305 Group Term Life Insurance Premium Expense 0.0% 0.0% 0.0% 0.00%
130 7300 Employee Benefit Program Expense 6,600 0.3% 6,657 0.3% 9,783 0.3% 14,511 0.39%
131 7310 Employer Retirement Contribution Expense 0.0% 10,628 0.4% 11,982 0.4% 10,875 0.29%
132 7320 Professional Liability Insurance Premium Expense 0.0% 649 0.0% 0.0% 3,475 0.09%
133 7340 Workers Compensation Premium/Tax Expense 3,298 0.2% 3,975 0.2% 3,142 0.1% 4,911 0.13%
134 7361 Meeting/Course Registration Fees 0.0% 0.0% 0.0% 55 0.00%
135 7362 Business & Professional Book, Journals, VIN subscriptions 0.0% 0.0% 0.0% 832 0.02%
136 7363 Staff Training Fees and Costs 10,645 0.6% 14,766 0.6% 17,059 0.5% 12,991 0.35%
137 7360 Continuing Education Expense 10,645 0.6% 14,766 0.6% 17,059 0.5% 13,878 0.37%
138 7366 Air Fare 0.0% 0.0% 0.0% 0.00%
139 7367 Lodging 0.0% 0.0% 0.0% 1,057 0.03%
140 7368 Transportation 0.0% 328 0.0% 45 0.0% 4,744 0.13%
141 7369 Mileage Reimbursement (CE Travel) 7,311 0.4% 7,094 0.3% 7,426 0.2% 9,294 0.25%
142 7365 Travel and Lodging Expense 7,311 0.4% 7,423 0.3% 7,471 0.2% 15,095 0.40%
143 Employee Fringe Benefits 27,854 1.5% 44,097 1.7% 49,437 1.6% 62,745 1.68%
144 7400 Study Group Fees 0.0% 0.0% 0.0% 0.00%
145 7440 Business Meals 0.0% 0.0% 100 0.0% 10,695 0.29%
146 7450 Employee Recruitment 0.0% 447 0.0% 201 0.0% 0.00%
147 7455 Staff meetings and events 85 0.0% 98 0.0% 200 0.0% 1,055 0.03%
148 7460 Laundry & Uniform 764 0.0% 2,660 0.1% 3,080 0.1% 5,819 0.16%
149 7470 Employment Practices Liability Insurance 0.0% 0.0% 0.0% 6,890 0.18%
150 Other Employee Expenses 849 0.0% 3,205 0.1% 3,581 0.1% 24,459 0.65%
151 Total Labor Expenses 743,101 39.1% 960,536 36.5% 1,181,384 37.7% 1,724,351 46.14%
152 Facility and Equipment Related Expenses
153 7500 Rent on Practice Real Estate 72,000 3.8% 105,500 4.0% 105,071 3.4% 179,235 4.80%
154 7510 Rent on Equipment 0.0% 0.0% 0.0% 0.00%
155 7515 Outside Storage 0.0% 0.0% 0.0% 0.00%
156 7521 Medical Equipment Maintenance 5,291 0.3% 0.0% 1,267 0.0% 4,001 0.11%
157 7522 IT and Office Equipment Maintenance 168 0.0% 1,686 0.1% 0.0% 237 0.01%
158 7523 Facility Maintenance 14,698 0.8% 17,180 0.7% 11,969 0.4% 19,068 0.51%
159 7520 Maintenance 20,156 1.1% 18,865 0.7% 13,235 0.4% 23,306 0.62%
160 7531 Medical Equipment Service Contracts 0.0% 0.0% 142,556 4.5% 14,547 0.39%
161 7532 IT and Office Equipment Service Contracts 172 0.0% 2,259 0.1% 14,257 0.5% 6,678 0.18%
162 7533 Facility Service Contract 1,721 0.1% 1,984 0.1% 4,295 0.1% 4,885 0.13%
163 7530 Service Contracts 1,893 0.1% 4,243 0.2% 161,108 5.1% 26,110 0.70%
164 7540 Housekeeping & Janitorial 9,397 0.5% 14,147 0.5% 14,745 0.5% 15,773 0.42%
165 7571 Medical Equipment Repairs 0.0% 1,308 0.0% 0.0% 1,149 0.03%
166 7572 IT and Office Equipment Repairs 640 0.0% 1,610 0.1% 0.0% 0.00%
167 7573 Facility Repairs 3,216 0.2% 10,824 0.4% 186 0.0% 0.00%
168 7570 Repairs 3,856 0.2% 13,742 0.5% 186 0.0% 1,149 0.03%
169 7580 Property, Casualty, & Liability Insurance Premiums 6,019 0.3% 5,834 0.2% 6,865 0.2% 8,697 0.23%
170 7590 Real Estate Tax 14,610 0.8% 34,304 1.3% 34,130 1.1% 20,461 0.55%
171 7600 Personal Property Tax 2,060 0.1% 3,940 0.1% 1,243 0.0% 4,258 0.11%
172 7620 Practice Vehicle 0.0% 0.0% 0.0% 2,174 0.06%
173 7661 Electricity 7,862 0.4% 9,691 0.4% 9,263 0.3% 11,817 0.32%
174 7662 Natural Gas/Fuel Oil/Propane Gas 949 0.1% 954 0.0% 1,091 0.0% 1,601 0.04%
175 7663 Sewer 0.0% 0.0% 0.0% 0.00%
176 7664 Water 5,522 0.3% 3,898 0.1% 2,821 0.1% 2,367 0.06%
177 7660 Utility Services 14,333 0.8% 14,543 0.6% 13,175 0.4% 15,785 0.42%
178 7671 Cellular Phone Service 797 0.0% 2,798 0.1% 5,062 0.2% 5,874 0.16%
179 7672 Landline Phone Service 5,361 0.3% 5,165 0.2% 6,402 0.2% 16,426 0.44%
180 7670 Telephone Services 6,159 0.3% 7,962 0.3% 11,464 0.4% 22,300 0.60%
181 7675 Cable & Internet Services 967 0.1% 2,434 0.1% 2,755 0.1% 4,402 0.12%
182 7690 Rubbish Disposal 0.0% 15 0.0% 15 0.0% 274 0.01%
183 Total Facility & Equipment Expenses 151,452 8.0% 225,530 8.6% 363,992 11.6% 323,924 8.67%
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Rose City (Starnes) 2019 2020 2021 2022
184 Administrative Expenses
185 7705 Licenses & Permits 335 0.0% 390 0.0% 390 0.0% 1,188 0.03%
186 7710 Use Tax Paid 6,962 0.4% 3,780 0.1% 13,950 0.4% 25,995 0.70%
187 7715 Franchise Tax 2,159 0.1% 8,121 0.3% 8,696 0.3% 10,473 0.28%
188 7725 Veterinary & Professional Dues 39 0.0% 77 0.0% 0.0% 0.00%
189 7730 Client Education Material 0.0% 0.0% 0.0% 0.00%
190 7735 Business Gifts and Flowers 1,021 0.1% 355 0.0% 755 0.0% 913 0.02%
191 7736 Entertainment 0.0% 0.0% 0.0% 0.00%
192 7740 Charitable Contributions 1,036 0.1% 0.0% 40 0.0% 150 0.00%
193 7746 Computer Supplies 0.0% 0.0% 0.0% 0.00%
194 7747 Computer Tech Support 0.0% 0.0% 0.0% 0.00%
195 7745 Computer Supplies & Support 0 0.0% 0 0.0% 0 0.0% 0 0.00%
196 7750 Office Supplies 8,104 0.4% 16,516 0.6% 18,752 0.6% 59,870 1.60%
197 7755 Postage 2,804 0.1% 2,552 0.1% 2,851 0.1% 6,488 0.17%
198 7760 Printing 0.0% 0.0% 0.0% 0.00%
199 7765 Accounting Fees 1,541 0.1% 3,905 0.1% 5,139 0.2% 13,748 0.37%
200 7770 Bookkeeping Services 0.0% 0.0% 0.0% 0.00%
201 7775 Payroll Service Fees 1,156 0.1% 1,646 0.1% 1,294 0.0% 2,129 0.06%
202 7780 Employee Benefits Administration 0.0% 0.0% 0.0% 0.00%
203 7785 Legal Services 1,034 0.1% 762 0.0% 614 0.0% 968 0.03%
204 7790 Business Consultation 0.0% 0.0% 0.0% 13,474 0.36%
205 7795 Cash over/short 8 0.0% -2,072 -0.1% 0.0% 0.00%
206 7801 Yellow Page Advertising 126 0.0% 0.0% 0.0% 0.00%
207 7802 Website Maintenance 0.0% 0.0% 691 0.0% 0.00%
208 7803 Internet Advertising 562 0.0% 0.0% 0.0% 498 0.01%
209 7804 Direct Mailing 0.0% 0.0% 0.0% 0.00%
210 7805 Client Reminders 9,144 0.5% 11,362 0.4% 14,656 0.5% 11,576 0.31%
211 7806 Memorial Contributions 0.0% 0.0% 0.0% 0.00%
212 7808 Sponsored Events 0.0% 0.0% 0.0% 70 0.00%
213 7809 Marketing Consultant Fees 0.0% 0.0% 0.0% 2,695 0.07%
214 7810 Advertising & Promotion - Other 1,895 0.1% 4,035 0.2% 6,111 0.2% 11,133 0.30%
215 Advertising & Promotion Expenses 11,727 0.6% 15,396 0.6% 21,458 0.7% 25,972 0.69%
216 7905 Bank Charges and Service Fees 251 0.0% 1,321 0.1% 1,880 0.1% 1,028 0.03%
217 7910 Credit Card Merchant Service Fees 28,483 1.5% 37,313 1.4% 45,524 1.5% 56,201 1.50%
218 7915 Care Credit Service Fees 2,698 0.1% 5,740 0.2% 6,057 0.2% 9,267 0.25%
219 7920 Collection Fees 44 0.0% 5 0.0% -130 0.0% 0.00%
220 7930 Bad Debts 0.0% 0.0% 0.0% 0.00%
221 7940 Returned Check Fees 1,863 0.1% 2,395 0.1% 1,960 0.1% 1,591 0.04%
222 Fee Income Collection Expenses 33,339 1.8% 46,774 1.8% 55,291 1.8% 68,087 1.82%
223 Total Administrative Expenses 71,266 3.8% 98,202 3.7% 129,229 4.1% 229,455 6.14%
224 Total Expenses 965,820 50.9% 1,284,268 48.8% 1,674,606 53.4% 2,277,730 60.95%
225 Net Ordinary Income 475,480 25.0% 707,138 26.9% 695,654 22.2% 560,541 15.00%
226 Depreciation & Amortization and Miscellaneous Revenue/Expense
227 9001 Rebates, points 0.0% 0.0% 0.0% 101,815 2.72%
228 9002 Coupons 0.0% 0.0% 0.0% 0.00%
229 9000 Miscellaneous Revenue 0 0.0% 0 0.0% 0 0.0% 101,815 2.72%
230 9007 Sales Tax Incentive 0.0% 0.0% 0.0% 0.00%
231 9010 Rent Revenue 0.0% 0.0% 0.0% 0.00%
232 9020 Interest & Dividend Revenue 0.0% 5,330 0.2% 0.0% 4,909 0.13%
233 9030 Gain/(Loss) on Asset Disposition 0.0% 0.0% 0.0% 0.00%
234 Total Other Income 0 5,330 0 106,724
235 8000 Depreciation Expense 0.0% 0.0% 0.0% 0.00%
236 8050 Amortization Expense 0.0% 0.0% 0.0% 0.00%
237 9040 Miscellaneous Expense 0.0% 0.0% -28 0.0% 0.00%
238 9050 Fines & Penalties 0.0% 0.0% 0.0% 0.00%
239 9060 Officer/Key Person Life Insurance 0.0% 22 0.0% 0.0% 6,048 0.16%
240 9070 Officer Disability Insurance 0.0% 0.0% 0.0% 0.00%
241 9080 Interest Expense – Financed 0.0% 61,566 2.3% 43,025 1.4% 0.00%
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Rose City (Starnes) 2019 2020 2021 2022
242 9090 Interest Expense – Shareholder/Owner 0.0% 0.0% 0.0% 0.00%
243 9095 Interest Expense – Other 6,123 0.3% 2,439 0.1% 4,931 0.2% 0.00%
244 Total Other Expense 6,123 0.3% 64,027 2.4% 47,927 1.5% 6,048 0.16%
245 Net Other Income/Expense -6,123 -58,697 -47,927 100,676
246 NET INCOME $469,356 24.7% $648,441 24.6% $647,727 20.7% 661,217 17.69%
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Rose City (Starnes) 2019 2020 2021 2022
247 BALANCE SHEET
248 ASSETS
249 1010 Petty Cash
250 1020 Cash in Daily Drawer 400 600 660 660
251 1030 Undeposited Funds
252 1050 Primary Checking Account 471,982 739,405 753,799 505,084
253 1060 Secondary Checking Account 13,188 28,715
254 1150 Savings Account
255 1200 Certificates of Deposit
256 1250 Money Market Account
257 1291 Deposits in transit
258 1300 Accounts Receivable 139,965 150,359 57,242 90,298
259 1301 Online pharmacy receivable
260 1302 Wellness plan receivable
261 1305 Allowance for Uncollectable Accounts
262 1351 Vaccine Inventory
263 1352 Examination, Hospitalization, & Treatment Inventory
264 1353 Fluid Therapy Inventory
265 1354 Rehabilitation Inventory
266 1356 Medical Waste Disposal Inventory
267 1360 FDA Prescription Meds, Pill, Cap, Liquid, Etc. Inventory 37,552 75,871
268 1361 Injection Inventory
269 1362 FDA Prescription Flea/Tick Non-HW Parasite Control Product Inventory
270 1363 FDA Prescription HW Inventory
271 1364 FDA Prescription Combination HW/Parasite Control Inventory
272 1365 Therapeutic Diet Product Inventory
273 1366 Retail Diet Product Inventory
274 1370 In-House Lab Inventory
275 1373 X-Ray Inventory
276 1374 Dental X-Ray Inventory
277 1376 Ultrasound Inventory
278 1380 Surgery Inventory
279 1381 Anesthesia Inventory
280 1382 Dentistry Inventory
281 1385 OTC Products, Shampoos, & Nutraceutical Inventory
282 1386 Pet Supply Inventory
283 1387 Non-FDA Flea/Tick Control Inventory
284 1390 Boarding Inventory
285 1391 Grooming Inventory
286 1350 Drugs and Medical Supply Inventory 0 0.0% 0 0.0% 37,552 1.2% 75,871 2.03%
287 1400 Employee Advances 398 6,620
288 1401 Employee services receivable
289 1450 Advances – Related Party/Doctor
290 1500 Note Receivable – Related Party (short term) 85,166
291 1590 Note Receivable – Other
292 1600 Prepaid Expenses 24,859 12,800 2,059
293 1800 Deposits for New Equipment
294 1850 Construction In Progress 434,963
295 Total Current Assets 625,535 943,938 1,382,579 680,592
296 2000 Professional Medical Equipment 94,161 104,803 149,779 265,503
297 2050 Computer Hardware 750 750 13,681
298 2100 Office Equipment, Furniture & Fixtures 213,311 216,158 215,654 311,104
299 2150 Practice Vehicles 75,170 74,546
300 2200 Leasehold/Building Improvements
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Rose City (Starnes) 2019 2020 2021 2022
301 2300 Buildings 1,319,977 1,423,827 1,329,977
302 2350 Land Improvements
303 2400 Land 488
304 2450 Accumulated Depreciation -202,583 -108,823 -244,460 391,947
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Rose City (Starnes) 2019 2020 2021 2022
305 2500 Computer Software 3,881 3,966 4,761 3,669
306 2520 Goodwill 575,000 575,000 575,000 575,000
307 2560 Covenant Not to Compete
308 2580 Organizational & Startup Costs 6,000
309 2585 Loan Costs
310 2599 Accumulated Amortization -108,823 108,823 -146,944 185,277
311 2600 Note Receivable Long Term Portion
312 2700 Refundable Deposits
313 2701 Other receivables
314 2850 Other Assets
315 Total Fixed Assets 1,894,924 2,330,503 1,959,687 1,821,215
316 TOTAL ASSETS $2,520,459 $3,274,441 $3,342,267 2,501,807
317 LIABILITIES
318 3000 Accounts Payable 55,897 43,033 68,045 26,831
319 3010 Credit Cards Payable
320 3020 Line of Credit 3,509,226
321 3030 Current Portion of Long Term Loans & Capital Leases Payable
322 3050 Loan Payable – Related Party
323 3055 Unearned Revenue
324 3110 Payroll Tax Payable (Futa/Suta/941) -63 -61 1,004 1,206
325 3140 Workers Compensation Payable 375
326 3150 Accrued Payroll and Bonuses
327 3151 Direct deposit liabilities
328 3160 Accrued Payroll Taxes
329 3170 Employer Retirement Plan Contribution Payable 0 0 0 0
330 3171 Employer Match Portion
331 3172 Employee Deferral
332 3180 Insurance payable (vision, dental, supplemental, etc.)
333 3190 Wellness Plan Services Owed
334 3200 Employee Payroll Tax Withholding Payable (941)
335 3250 Online pharmacy payable
336 3260 Employee Garnishments Payable -233 795 4,082 1,639
337 3261 Employee miscellaneous payable
338 3262 Tips payable
339 3400 Sales & Use Tax Payable 1,191 -6,732 0 -3,806
340 3420 Accrued Real Estate & Personal Property Tax
341 3500 Corporate Income Tax Payable
342 Current Liabilities 56,792 37,035 3,582,732 25,870
343 3800 Long Term Portion of Loans & Capital Lease Payable 1,127,218 1,001,205 126,000
344 3810 Less current portion of long term debt
345 Total Long Term Liabilities 1,127,218 1,001,205 126,000 0
346 Total Liabilities $1,184,010 $1,038,240 $3,708,732 25,870
347 OWNER EQUITY OR CAPITAL ACCOUNTS
348 S Corporation

349 4000 Common Stock

350 4100 Additional Paid In Capital
351 4200 Retained Earnings /(Deficit)
352 4300 Distributions/Dividends/Draws
353 4400 Treasury Stock
354 Proprietorship
355 4000 Owner's Capital 106,338 106,338 451,360 485,255
356 4100 Additional Paid In Capital
357 4200 Owner's Equity /(Deficit) 410,806
358 4300 Distributions/Dividends/Draws 64,868 204,762
359 Partnership
360 4000 Partner's Capital - Partner One 106,345 106,345 451,453 479,201
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Rose City (Starnes) 2019 2020 2021 2022
361 4010 Partner's Capital - Partner Two 106,345 106,345 451,362 479,201
362 4200 Partner's Equity /(Deficit) 410,806
363 4300 Distributions/Dividends/Draws 129,737 410,629 311,349
364 Limited Liability Company

365 4000 Member's Capital - Partner One

366 4200 Member's Equity /(Deficit) 1,212,027 596,347
367 4300 Distributions/Dividends/Draws
368 Total Equity $1,335,244 $1,941,683 $2,466,631 1,443,657
369 TOTAL LIABILITIES & EQUITY $2,519,254 $2,979,923 $6,175,363 1,469,527
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Rose City (Starnes) 2019 2020 2021 2022
370 SCORECARD
371 Last year's Net Revenue 1,898,823 2,632,802 3,134,036
372 Increase in Net Revenue #DIV/0! 39% 19% 19%
373 Accounts receivable ($) 139,965 7.4% 150,359 5.7% 57,242 1.8% 78,634 2.10%
374 Invoices (#) 20,471 25,795 30,870 31,507
375 Active Clients (#) [12 months] 3,280 4,615 5,377 5,941
376 Active Patients (#) [12 months] 5,708 8,607 9,836 10,577
377 New Clients (#) 1,492 2,371 2,282 2,174
378 Dentals (#) 189 257 425 412
379 Exams (#) 6,421 8,508 11,204 11,213
380 Total support staff hours (#) 25,418 30,575 31,487 32,860
381 Total vet hours - medical (#) 4,680 4,160 6,240 7,020
382 Square feet of hospital 4,000 4,000 4,000
383 ACT ($) $92.76 $102.07 $101.52 118.62
384 Total FTE support staff members (#) 12.2 14.7 15.1 15.80
385 Total FTE veterinarians (#) 2.3 2.0 3.0 3.38
386 Employees per veterinarian (#) 5.4 7.3 5.0 4.68
387 Income per FTE support staff member ($) $155,382 $179,108 $207,031 236,561.31
388 Income per support staff hour ($) $75 $86 $100 113.73
389 Income per FTE veterinarian ($) $843,921 $1,316,401 $1,044,679 1,107,331
390 Income per veterinarian hour ($) $406 $633 $502 532.37
391 Hours worked per transaction- support staff 1.2 1.2 1.0 1.04
392 Hours (medical) worked per transaction- vet 0.2 0.2 0.2 0.22
393 No. of transactions per FTE vet 9,098 12,898 10,290 9,335.41
394 Revenue per sq foot #DIV/0! 658 784 934.31
395 New clients per FTE vet 663 1,186 761 644.15
396 Active clients per FTE vet 2,537 4,304 3,279 3,133.93
397 # dentals/vet/week 1.6 2.5 2.7 2.35
398 # exams per dental 34.0 33.1 26.4 27.22
399 Lab revenue per exam $28 $26 $37 3.87
400 Medical service revenue per exam $158 $171 $156 172.20
401 Medical service revenue as % of total revenue 53.5% 55.2% 55.7% 52.00%
402 Vaccine expense as % of vaccine revenue 45.7% 25.1% 33.2% 37.00%
403 Pharmacy expense as % of pharmacy revenue 40.9% 41.2% 40.4% 40.00%
404 Diet expense as % of diet revenue 92.7% 85.7% 93.3% 73.00%
405 Lab-Inside expense as % of lab-inside revenue 27.1% 34.1% 21.6% 26.00%
406 Lab-Outside expense as % of lab-outside revenue 37.1% 29.2% 32.7% 54.00%
407 Ancillary expense as % of ancillary revenue 21.4% 40.0% 144.8% 21.00%
408 All preventative expense as % of revenue 64.5% 67.4% 43.9% 56.00%
409 Current ratio (current liabilities/current assets; goal=1.5 or higher) 11.0 25.5 0.4 29.24
410 Inventory turnover (COGS/inventory; goal=8 or higher) #DIV/0! #DIV/0! 20 11.85
411 Accounts receivable turnover 14 18 55 47.53
412 EBITDA $477,639 25.2% $720,567 27.4% $704,379 22.5% 671,690.17 17.97%
413 inventory per FTE vet $0 $0 $12,517 22,480.30
414 active patients per FTE vet 2,537 4,304 3,279 3,133.93
415 revenue per patient $333 $306 $319 353.34
416 COGS after rebates $457,524 24.1% $641,396 24.4% $763,776 24.4% 797,156.00 21.33%