Keystone Human Services

Financial Information – 2006

Keystone Human Services, Inc. and Controlled Affiliates

Consolidated Statements of Financial Position
June 30, 2006 and 2005

             
Liabilities and Net Assets   2006   2005
Current liabilities:
  Accounts payable $ 3,604,417   2,306,788
  Accruals:        
    Payroll and taxes   3,334,726   3,434,338
    Workers’ compensation benefits   714,859   707,565
    Retirement plan   258,658   293,345
  Current portion of long-term debt   2,088,279   1,889,899
  Other current liabilities   948,451   761,371
    Total current liabilities   10,949,390   9,393,306
 
Long-term liabilities:
  Debt, net of current portion   14,396,629   13,055,851
  Line of credit   3,399,000   ----
  Other long-term liabilities   198,185   300,031
    Total liabilities   28,943,204   22,749,188
 
Net assets:
  Unrestricted   14,445,527   12,935,813
  Temporarily restricted   692,331   793,123
    Total net assets   15,137,858   13,728,936
    Total liabilities and net assets $ 44,081,062   36,478,124

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:
October 3, 2007