2nd Quarter 2025 Finance Report By Jill Lieseke, Staff Member

Although you may not want to admit it, you can feel it in the air. Summer is ending, and along with that the second quarter finances are closed and ready for your review. Both locations are still showing strong sales. Our local producers and farmers did not disappoint this past season and I hope you were able to get some yummy locally grown and produced goods. There will be plenty more going into Autumn.

For your review is a condensed version of the Co-op’s Combined East/West Year to Date (YTD) 2nd Quarter 2025 Budget Report. This report shows our 2025 ‘Actual’ numbers compared to our ‘Budgeted’ numbers and the variance between the two. The Co-op buys products, called Cost of Goods Sold (COGS), and we sell these products (SALES). When COGS are subtracted from sales, this equals ‘Gross Sales Revenue.’ This is how much money was made from sales, less the cost of the products that we sold.

Comparing our budgeted figures to our actual sales, we achieved more than projected–about $300,000 more. Since sales are over budget, then naturally, COGS are also over budget, resulting in a ‘Total Gross Sales Revenue’ of over $4.3 million. Compared to the budget, this is almost $150,000 more than what was projected at this point in the year. The ‘Other Revenue’ line is coming in at almost $46,000 over the budgeted amount, resulting in approximately $188,000 more than what was budgeted for ‘Total Net Revenue.’

‘Expenses’ on this report are consolidated into four categories. When these ‘Expenses’ are subtracted from ‘Revenue,’ which is the money that was made from selling products, then we find ‘Total Net Income/Loss’. Our expenses are just a little more than $27,000 over what we budgeted, resulting in a ‘Net Income’ of almost $195,500. This figure is a little more than $160,000 over what was budgeted for at the end of this 2nd quarter.

These strong sales could not have happened without YOU, our community members. We appreciate every one of you that makes up the fabric of this amazing group of Co-op members. You are all part of creating a sustainable and long-lived community hub that provides good food. Be proud!

Questions? Comments? Email the Finance Committee at jill@olympiafood.coop