Source: January 2, 2015 Read More →

YOUTH HEALTH SERVICES, INC. STATEMENT OF FINANCIAL POSITION JUNE 30, 2014

YOUTH HEALTH SERVICES, INC.
STATEMENT OF FINANCIAL POSITION
JUNE 30, 2014

ASSETS
Current Assets
Cash $ 176,517
Accounts receivable, net 184,290
Prepaid expenses 761

Total Current Assets 361,568

Property and Equipment, net 440,100

Other Assets
Cash – designated 20,798
Investments – designated 47,188

Total Other Assets 67,986

TOTAL ASSETS $ 869,654

LIABILITIES AND NET ASSETS
Current Liabilities
Current portion of long-term debt $ 15,556
Line of Credit
Accounts payable and accrued expenses 36,012
Accrued payroll taxes 7,582
Accrued wages 56,918
Deferred revenue

Total Current Liabilities 116,068

Long-Term Debt 428,775

NET ASSETS
Unrestricted:
Undesignated 256,825
Designated by board 67,986

Total Net Assets 324,811

TOTAL LIABILITIES AND NET ASSETS $ 869,654

YOUTH HEALTH SERVICES, INC
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED JUNE 30, 2014
Unrestricted
REVENUE AND SUPPORT
Federal financial assistance $ 92,143
State grants 223,922
Other grants 3,375
Donations and gifts 36,807
Contractual services 1,615,909
Investment income 2,666
Unrealized gain (loss) 4,098
Miscellaneous 4,366

Total revenue and support 1,983,286

EXPENSES
Program Services
Daycare program 492,502
Behavior health services 1,423,130
Supporting Services
Management and general 3,609

Total operating expenses 1,919,241

Change in Net Assets 64,045

NET ASSETS AT BEGINNING OF YEAR 260,766

NET ASSETS AT END OF YEAR $ 324,811
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