The Intervale Center

For the years 2004 - 2006, Intervale’s finances looked generally consistent and solid. In spite of a consistently high gross profit, 2007 delivered the first net loss of the four years evaluated, which appears to have resulted from ntervale Center lower than expected grant income and higher than budgeted SG&A (sales, general, and administrative expenses) costs—particularly Utilities and Occupancy Expense and Miscellaneous Expense. Intervale appears to have sufficient assets to weather the year of poor performance.