Metropolitan Family Services FY24 Financials

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STATEMENT OF ACTIVITIES

Years Ended June 30, 2024 and 2023
Amounts in 000’s

OPERATING REVENUE20242023
Government Grants120,91899,244
Program Service Fees12,77511,146
Contributions11,12612,368
United Way1,2661,381
Endowment Payout1,6681,668
Income from Trusts & Other Income6,1323,958
TOTAL OPERATING REVENUE153,885129,765
OPERATING EXPENSES
PROGRAM EXPENSES		20242023
Empowerment68,92151,769
Education28,42125,982
Emotional Wellness26,82726,482
Economic Stability10,8179,161
Total Program Expenses134,986113,394
Management & General16,54313,860
Fund Raising2,2362,153
TOTAL OPERATING EXPENSES153,765129,407
OPERATING SURPLUS120358
OTHER CHANGES IN NET ASSETS20242023
Depreciation & Amortization(1,739)(1,218)
Net Investment Gains2,1862,663
Change in Pension Liability69594
Change in Interest Rate Swap281778
Inherent Contribution of HACC03,279
Transfer of Assets of I-Grow Chicago0(2,748)
ERC4,545
Capital Grants1,8002,175
Change in Restricted Contributions(1,580)1,243
NON OPERATING ACTIVITY5,5626,766
TOTAL CHANGE IN NET ASSETS5,6827,124
NET ASSETS AT BEGINNING OF YEAR85,53178,407
NET ASSETS AT END OF YEAR91,21385,531
In-Kind Contributions of Goods and Services4,3024,236

BREAKDOWN OF EXPENSES

FY24

Breakdown of expenses pie chart 2024

STATEMENT OF FINANCIAL POSITION

June 30, 2024 and 2023
Amounts in 000’s

ASSETS20242023
Cash8,92215,324
Receivables31,14427,946
Investments35,94244,259
Interest in Trusts18,56017,231
Property and Equipment33,42031,690
Lease Asset11,2458,783
Other2,1461,497
TOTAL ASSETS141,379146,730
LIABILITIES AND NET ASSETS20242023
Accounts payable and Accruals14,54513,086
Investment Bond8,5008,500
New Markets Tax Credits Notes10,42010,368
Bonds Payable012,700
Lease Liability11,7349,248
Other4,9677,296
TOTAL LIABILITIES50,16661,198
NET ASSETS91,21385,532
TOTAL LIABILITIES AND NET ASSETS141,379146,730