Civic Intelligence

Chatham Emergency Squad Inc.

990 • Fiscal year 2015 • EIN 23-7122409

Jan 01, 2015 to Dec 31, 2015 • Filed on May 06, 2016

45 Spring StreetChatham, NJ 07928-1612

(908) 403-2293

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

25th percentile

-4.4%

Faster asset growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

70th percentile

14%

Faster revenue growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,243,465

Down $56,718 (-4.4%) from 2014

Net Assets

Down

$1,243,465

Down $56,718 (-4.4%) from 2014

Liabilities

Flat

$0

Flat from 2014

Revenue

Up

$288,920

Up $36,177 (+14%) from 2014

Expenses

Up

$299,426

Up $2,206 (+0.7%) from 2014

Net Income

Up

-$10,506

Up $33,971 (+76%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,197,015Liabilities 2011: $0Net Assets 2011: $1,197,0152011Assets 2012: $1,264,664Liabilities 2012: $0Net Assets 2012: $1,264,6642012Assets 2013: $1,314,873Liabilities 2013: $0Net Assets 2013: $1,314,8732013Assets 2014: $1,300,183Liabilities 2014: $0Net Assets 2014: $1,300,1832014Assets 2015: $1,243,465Liabilities 2015: $0Net Assets 2015: $1,243,4652015Assets 2016: $1,328,611Liabilities 2016: $116,872Net Assets 2016: $1,211,7392016Assets 2017: $1,430,096Liabilities 2017: $66,807Net Assets 2017: $1,363,2892017Assets 2018: $1,365,847Liabilities 2018: $16,742Net Assets 2018: $1,349,1052018Assets 2019: $1,496,691Liabilities 2019: $0Net Assets 2019: $1,496,6912019Assets 2020: $1,687,493Liabilities 2020: $0Net Assets 2020: $1,687,4932020Assets 2021: $2,342,678Liabilities 2021: $0Net Assets 2021: $2,342,6782021Assets 2022: $2,399,549Liabilities 2022: $0Net Assets 2022: $2,399,5492022Assets 2023: $2,939,690Liabilities 2023: $0Net Assets 2023: $2,939,6902023Assets 2024: $3,298,737Liabilities 2024: $0Net Assets 2024: $3,298,7372024

Highlighted filing

2015

Assets$1,243,465
Liabilities$0
Net Assets$1,243,465

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $269,6002011Expenses 2012: $242,7192012Revenue 2013: $269,358Expenses 2013: $287,345Net Income 2013: -$17,9872013Revenue 2014: $252,743Expenses 2014: $297,220Net Income 2014: -$44,4772014Revenue 2015: $288,920Expenses 2015: $299,426Net Income 2015: -$10,5062015Revenue 2016: $265,798Expenses 2016: $347,047Net Income 2016: -$81,2492016Revenue 2017: $329,068Expenses 2017: $325,283Net Income 2017: $3,7852017Revenue 2018: $373,305Expenses 2018: $286,364Net Income 2018: $86,9412018Revenue 2019: $292,738Expenses 2019: $319,817Net Income 2019: -$27,0792019Revenue 2020: $414,635Expenses 2020: $345,154Net Income 2020: $69,4812020Revenue 2021: $979,403Expenses 2021: $277,019Net Income 2021: $702,3842021Revenue 2022: $580,040Expenses 2022: $329,589Net Income 2022: $250,4512022Revenue 2023: $720,325Expenses 2023: $269,651Net Income 2023: $450,6742023Revenue 2024: $603,635Expenses 2024: $263,591Net Income 2024: $340,0442024

Highlighted filing

2015

Revenue$288,920
Expenses$299,426
Net Income-$10,506
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 6, 2016
Return Version
2015v2.1
Gross Receipts
$288,920
Mission and Program Overview

Mission

The chatham emergency squad (ces) is an all-volunteer, nonprofit organization dedicated primarily to providing professional lifesaving care to the residents of chatham and the surrounding community. Ces is also committed to the health and general well-being of the community by hosting blood drives, providing free cpr training, non- emergency transport and assistance, and stand-by support for local community and sporting events. Ces never charges for its services.

The chatham emergency squad provides emergency first aid and ambulance transportation to the general public in the borough of chatham and chatham township.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$846,996$863,085▲ $16,089
Land, Buildings, and Equipment, Net$417,017$334,161▼ $82,856
Cash and Non-Interest-Bearing Accounts$36,170$26,219▼ $9,951
Prepaid Expenses and Deferred Charges-$20,000-
Total Assets$1,300,183$1,243,465▼ $56,718
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$1,300,183$1,243,465▼ $56,718
Total Net Assets Fund Balance$1,300,183$1,243,465▼ $56,718
Total Liabilities and Net Assets / Fund Balance$1,300,183$1,243,465▼ $56,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$245,894$762,591$1,008,485
Other Land Buildings$74,899$478,603$553,502
Equipment$13,368$173,676$187,044
Other Securities$863,085--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rich CraterPresident
Carolyn PalmaVice President
John GrobertVice President
Sam FrancisVice President
Tim BrownVice President
Alex ChornyMember at Large
Cathy WarbrickMember at Large
Christine GrobertMember at Large
Connie HartmanMember at Large
Jim MartinMember at Large
Joe KorkuchMember at Large
Mike LemonsMember at Large
Steve DavenportMember at Large
Teresa BinningMember at Large
Sue NovakSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$250,869
Program Service Revenue
$0
Investment Income
$38,051
Other Revenue
$0
All Other Contributions
$230,869
Change in Net Assets
$-10,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$288,920
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-46,212
Total Revenue per Audited Statements
$242,708
Total Revenue per Form 990
$288,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,426
Total Fundraising Expense$7,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$98,210--$98,210
Occupancy$48,653--$48,653
All Other Expenses$4,751$13,536$7,729$26,016
Other Expenses$19,568--$19,568
Insurance$16,558--$16,558
Fees for Services Accounting-$5,070-$5,070
Office Expenses-$1,630-$1,630
Total Functional Expenses$271,461$20,236$7,729$299,426

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$299,426
Total Expenses per Audited Statements$299,426
Total Expenses per Form 990$299,426
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A copy of the 990 was distributed to the board members prior to filing.

Form 990, Part VI, Section C, Line 19

Financial information and policies are available upon request.

Filing and Contact Details

Filer

Filer Name
Chatham Emergency Squad Inc
EIN
23-7122409
Phone
9084032293
Address
45 SPRING STREET, CHATHAM, NJ 07928-1612

Signing Officer

Name
Samuel H Francis
Title
Finance Vice President
Phone
9084032293
Signed
2016-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel H Francis
Formed
1936
Legal Domicile
Nj
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
90

Preparer

Firm
Spire Group Pc
Address
100 WALNUT AVE SUITE 103, CLARK, NJ 07066
Preparer
Kathleen M Clayton CPA
Phone
7323818887
Supplemental Narrative

Additional Explanations

Form 990 Part XI

The vice president of finance assumes responsibility and oversight for the annual audit.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined there were no tax uncertainties that met the recognition threshold in 2015. The organization's exempt from federal income tax return are no longer subject to examination by federal taxing authorities for years before 2011.

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt020000
IRS990/PrincipalOfficerNm0SAMUEL H FRANCIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0230354
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt022389
IRS990/PYOtherExpensesAmt0297220
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-44477
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0297220
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0252743
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-10506
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0250869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0229581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0243613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0244845
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0284876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01253784
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt038051
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022389
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt025745
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0116390
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt015186
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0217761
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85200
IRS990ScheduleA/PublicSupportPY170Pct00.84550
IRS990ScheduleA/PublicSupportTotal170Amt01253784
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0250869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0229581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0243613
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0244845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0284876
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01253784
IRS990ScheduleA/TotalSupportAmt01471545
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0245894
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0762591
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01008485
IRS990ScheduleD/EquipmentGrp/BookValueAmt013368
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0173676
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0187044
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0299426
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-46212
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt074899
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0478603
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0553502
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0863085
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MUTUAL FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt0-46212
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0288920
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2015. THE ORGANIZATION'S EXEMPT FROM FEDERAL INCOME TAX RETURN ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0334161
IRS990ScheduleD/TotalBookValueSecuritiesAmt0863085
IRS990ScheduleD/TotalExpensesPerForm990Amt0299426
IRS990ScheduleD/TotalRevenuePerForm990Amt0288920
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0242708
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0299426
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 WAS DISTRIBUTED TO THE BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL INFORMATION AND POLICIES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE VICE PRESIDENT OF FINANCE ASSUMES RESPONSIBILITY AND OVERSIGHT FOR THE ANNUAL AUDIT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART XI
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01300183
IRS990/TotalAssetsEOYAmt01243465
IRS990/TotalAssetsGrp/BOYAmt01300183
IRS990/TotalAssetsGrp/EOYAmt01243465
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0250869
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07729
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt020236
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0271461
IRS990/TotalFunctionalExpensesGrp/TotalAmt0299426
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01300183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01243465
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0271461
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038051
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0288920
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt090
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01300183
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01243465
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01300183
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01243465
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt045 SPRING STREET
IRS990/USAddress/CityNm0CHATHAM
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd0079281612
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.30$0.00$3.30$0.60$0.26$0.34
2023Detailed filing. Detailed filing data is available for this year.$2.94$0.00$2.94$0.72$0.27$0.45
2022Detailed filing. Detailed filing data is available for this year.$2.40$0.00$2.40$0.58$0.33$0.25
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.98$0.28$0.70
2020Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$0.41$0.35$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.29$0.32$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.02$1.35$0.37$0.29$0.09
2017Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.36$0.33$0.33$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.33$0.12$1.21$0.27$0.35$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.29$0.30$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.25$0.30$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.27$0.29$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.26$0.00$1.26$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.27