The power balance of discharges with 37 kW of applied microwave power in the ELMO Bumpy Torus (EBT) is examined in a zero-dimensional model using data on the intensity and linewidth of the molecular and atomic hydrogen emission. At least 60% of the applied power is ultimately dissipated by processes involving the neutral particles, including dissociation of molecules, ionization of and radiation from atoms, and heating of cold electrons produced during atomic ionization. The molecular influx rate and the density of atoms are used independently to determine the bulk electron particle confinement time, and an upper bound estimate is made of the diffusional power loss from the bulk plasma electrons. Parameters derived from the basic spectroscopic data presented include the neutral atom density 2-5 × 1010 cm-3, incident molecular flux 3-5 × 1015 cm-2 s-1, bulk ion temperature approximately=3 eV, and particle confinement time <1.1 ms. The bulk electron energy confinement time is 0.7 ms or less in the standard operating regime.