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FINANCIALS

Consolidated Financial Statements Review

JULY 1, 2022 - JUNE 30, 2023 FISCAL YEAR
(SOURCED FROM AUDITED FINANCIAL STATEMENTS)

REVENUE

 

General Revenue: We are pleased to report a positive net margin of $2.3 million. We are grateful for the continued support of our funding partners, including donors and foundations.

 

Contribution Revenue: Generous contributions provided 9.25% of our total revenue this year. These contributions directly supported our vital work in capital funding, behavioral health services, and client assistance.

 

Contract and Fee for Services Revenue: We are grateful for the critical support of state, local, and federal agencies. Their funding accounted for 87.2% for our total revenue in FY22/23, allowing us to deliver essential services to the most vulnerable.

 

EXPENDITURES

 

Programs: Two thirds, or 66%, of total costs go towards staffing, allowing our team to directly serve clients and our communities. Child Welfare and Behavioral Health are our two largest lines of service, representing 46% of our expenses. We also dedicate significant resources, about 20%, to Refugee and Immigrant Services. The remaining 28% covers Management and General expenditures, which keeps all programs running smoothly.

 

BALANCE SHEET

Our liquidity position is sufficient to support programs and operations along with servicing debt. Our net assets increased $2.3 million due to an operating surplus, investment income, and continued support from our communities.

Note: This financial report and accompanying charts do not include our affiliate agency, Compass Housing Alliance.

Expenses by Program

(IN MILLIONS), FISCAL YEAR ENDING 6/30/23

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Revenue Sources

(IN MILLIONS), FISCAL YEAR ENDING 6/30/23

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Assets

(IN MILLIONS)

LCSNW_Assets2.jpg

Liabilities

(IN MILLIONS)

LCSNW_Liabilities.jpg

Net Assets

(IN MILLIONS)

LCSNW_Net_Assets.jpg

People Served

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