SHAR is a multi-modality human service agency providing a continuum of substance use and co-occurring disorder services ranging from ambulatory withdrawal management (detoxification), residential, outpatient treatment, residential aftercare, and recovery support services.

 

In FY 2016-2017, the agency served over 2,400 community-based clients, a slight increase from the number of clients in community treatment settings the previous year. The number of admissions has  been increasing each year in concert with the addiction related problems and deaths in our society. As the severity of our client problems escalate, so does the costs it takes to effectively treat  and to operate our health care system.  The problem lies in that healthcare reimbursement rates lag far behind inflation.

SHAR take some aggressive steps to compensate these factors and "right size" expenses and turn the financial corner in Fiscal 2016-2017 in order to reverse a 2-year loss. This was accomplished with difficulty, primarily by realigning monthly expenses to revenue, negotiating contracts with vendors, elimination of some staff, re-assigning responsibilities, and across the board compensation reductions.  As a result of these necessary adjustments, fiscal 2016-2017 shows a $500,000 in-the-black year end. This is a pretty dramatic turn-a-round, and SHAR was able to reset the compensation levels for many of our staff members.

 

Leadership

 

SHAR's leadership team continues to guide the operation and to embrace the values of accountability and responsibility to the organization's stated mission. Annually, SHAR engages an independent auditing firm, and continues to successfully achieve the unqualified status from the independent auditing firm - indicating SHAR's accounting practices are clean, GAP compliant and free of deficiencies.

 

Revenues and Expenditures - Comparison

 

The chart below displays SHAR’s expenditures and revenues for FY 2012-13 through FY 2016-17.

 

SHAR Foundation Net Profit/(Loss) Comparison for 5 Years