Keystone Human Services

Financial Information – 2008

Keystone Human Services and
Controlled Affiliates

Consolidated Statements of Financial Position
June 30, 2008 and 2007

             
Liabilities and Net Assets   2008   2007
Current liabilities:
  Accounts payable $ 3,664,446   3,032,410
  Accruals:        
    Payroll and taxes   5,438,018   3,670,522
    Workers’ compensation benefits   2,367,767   1,207,702
    Retirement plan   1,682,960   251,349
    Income Taxes   965,634   —
  Current portion of long-term debt   1,792,880   1,974,346
  Other current liabilities   1,183,382   892,004
    Total current liabilities   17,095,087   11,028,333
 
Long-term liabilities:
  Debt, net of current portion   15,359,753   13,251,331
  Line of credit   4,494,626   3,325,000
  Other long-term liabilities   499,244   368,747
    Total liabilities   37,448,710   27,973,411
 
Net assets:
  Unrestricted   16,176,350   16,158,754
  Temporarily restricted   640,112   640,493
    Total net assets   16,816,462   16,799,247
    Total liabilities and net assets $ 54,265,172   44,772,658

Complete audited financial statements are on file at the Administrative Offices of Keystone Human Services and are available upon request.

The official registration and financial information of Keystone Human Services or Keystone Partnership may be obtained from the Pennsylvania Department of State by calling toll-free (within Pa.) 1-800-732-0999. Registration does not imply endorsement.

This page last updated on:
September 14, 2009