Financial Information – 2017 Keystone Human Services and
Controlled Affiliates
Liabilities and Net Assets | 2017 | 2016 | ||||
---|---|---|---|---|---|---|
Current liabilities: | ||||||
Accounts payable | $ | 2,685,148 | 2,927,168 | |||
Accruals: | ||||||
Payroll and taxes | 7,120,193 | 7,630,102 | ||||
Workers’ compensation benefits | 1,591,868 | 1,803,226 | ||||
Retirement plan | 144,996 | 142,875 | ||||
Current portion of long-term debt | 2,615,881 | 3,258,456 | ||||
Other current liabilities | 2,198,318 | 1,478,151 | ||||
Total current liabilities | 16,356,404 | 17,239,978 | ||||
Long-term liabilities: | ||||||
Debt, net of current portion | 21,825,971 | 18,432,346 | ||||
Line of credit | 12,861,454 | 7,418,605 | ||||
Other long-term liabilities | 5,631,235 | 4,812,425 | ||||
Total liabilities | 56,675,064 | 47,903,354 | ||||
Net assets: | ||||||
Unrestricted | 24,598,517 | 23,306,836 | ||||
Temporarily restricted | 1,147,263 | 1,052,833 | ||||
Total net assets | 25,745,780 | 24,359,669 | ||||
Total liabilities and net assets | $ | 82,420,844 | 72,263,023 |
Complete audited financial statements are on file at the Administrative Offices of Keystone Human Services and are available upon request.
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