Financial Statement 2017

APLA Health is a careful steward of the gifts entrusted to us. We spend wisely to maximize our community impact, minimize overhead and prepare for the future and the needs of those we serve. We are grateful for your generosity.

For a complete copy of our financial statement, audited by BKD, LLP, please visit our Financials & Annual Reports page.

Revenue

Expenses

Consolidated Statement of Activities
June 30, 2017
2017 2016
Revenue & Support Unrestricted Temporarily
Restricted
Total Total
Net Fundraising $1,933,692 $1,933,692 $2,271,201
Contributions $1,670,358 $907,378 $2,577,736 $2,556,137
Government Grants $13,954,250 $13,954,250 $13,520,751
Net Patient Service Revenue $5,070,601 $5,070,601 $3,105,742
Medi-Cal Waiver Revenue $1,282,093 $1,282,093 $1,359,008
Contributed Goods and Services $1,721,694 $1,721,694 $1,362,589
Other Revenue $703,980 $703,980 $486,637
Investment Income $10,106 $74,396 $84,499 $7,293
Net Assets Released from Restricted $688,446 $(688,446)
Total $27,035,220 $293,328 $27,328,545 $24,669,358
Expenses
Client Support $7,596,736 $7,596,736 $6,618,044
Education $6,414,568 $6,414,568 $6,554,015
Medical and Dental Services $7,344,253 $7,344,253 $5,578,232
Government Affairs $505,875 $505,875 $492,336
Total Program Services $21,861,432 $21,861,432 $19,242,627
Management and General $2,470,852 $2,470,852 $2,024,902
Fundraising $2,141,183 $2,141,183 $2,035,528
Total $26,473,467 $26,473,467 $23,303,057
Change in Net Assets $561,753 $293,325 $855,078 $1,366,501
Net Assests Beginning of Year $6,464,990 $2,951,787 $9,416,777 $8,050,276
Net Assets, End Of Year $7,026,743 $3,245,112 $10,271,855 $9,416,777

 

Consolidated Statement of Financial Position
June 30, 2017
2017 2016
Assets Unrestricted Temporarily
Restricted
Total Total
Cash and Cash Equivalents $1,913,299 $365,573 $2,278,872 $2,348,318
Investments $1,054,459 $1,054,459 $662,943
Accounts Receivable, net $839,706 $839,706 $655,896
Medi-Cal Waiver Receivable $264,311 $264,311 $374,120
Grants Receivable $2,329,196 $2,329,196 $1,690,128
Contributions Receivable $518,206 $784,084 $1,302,290 $3,212,567
Prepaid Expenses & Other Accounts $456,806 $456,806 $310,347
Deposits $242,967 $242,967 $388,052
Inventory $247,542 $247,542 $168,916
Split Interest Agreements $21,062 $21,062 $69,877
Property and Equipment (net) $2,521,958 $2,521,958 $2,558,318
Total Assets $10,388,450 $1,170,719 $11,559,169 $12,439,482
Liabilities & Net Assets
Current Liabilities
Accounts Payable $891,740 $891,740 $1,182,481
Accured Expenses $1,155,865 $1,155,865 $1,074,186
Deferred Revenue $874,612 $874,612 $326,548
Notes Payable $439,490 $439,490 $439,490
Total Liabilities $3,361,707 $3,361,707 $3,022,705
Net Assets
Unrestricted
Undesignated $4,915,212 $4,915,212 $4,529,735
Board Designated $2,111,531 $2,111,531 $1,935,255
Temporarily Restricted $3,245,112 $3,245,112 $2,951,787
Total Net Assets $7,026,743 $3,245,112 $10,271,855 $9,416,777
Total Liabilities & Assets $10,388,450 $3,245,112 $13,633,562 $12,439,482

Independent Auditor’s Report

Board of Directors
AIDS Project Los Angeles, APLA Health & Wellness and The Global Forum on MSM & HIV (MSMGF)
Los Angeles, California

We have audited the accompanying consolidated financial statements of AIDS Project Los Angeles, APLA Health & Wellness and The Global Forum on MSM & HIV (MSMGF) (the “Organization”), which comprise the consolidated statement of financial position as of June 30, 2017, and the related consolidated statements of activities, functional expenses and cash flows for the year then ended, and the related notes to the consolidated financial statements.

Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with the accounting principles generally accepted in the United States of America; this includes the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatements, whether due to fraud or error.

Auditor’s Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial states are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Organization’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion
In our opinion, the consolidated financial statements referred to above present fairly, in all respects, the financial position of AIDS Project Los Angeles, APLA Health& Wellness and The Global Forum on MSM & HIV (MSMGF) as of June 30, 2017, and the changes in its net assets and its cash flow for the year then ended in accordance with accounting principles generally accepted in the United States of America.
 

Springfield, Missouri
October 30, 2017