Financial Statement 2020

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, 2020
Consolidated Statement of Activities
June 30, 2020
2020 2020 2019
Revenue & Support Unrestricted Temporarily Restricted Total Total
Net Fundraising $853,526 $853,526 $996,258
Contributions $2,144,263 $1,713,528 $3,857,791 $4,336,726
Grants $14,291,978 $14,291,978 $14,029,514
Net Patient Service Revenue $37,270,259 $37,270,259 $27,971,550
Medi-Cal Waiver Revenue $2,226,382 $2,226,382 $1,972,490
Contributed Goods and Services $1,293,096 $1,293,096 $1,549,812
Other Revenue $360,466 75,635 $436,101 $570,619
Investment Income $87,770 $186,107 $273,877 $285,309
Net Assets Released from Restricted $1,681,136 ($1,681,136)
Total $60,208,876 $294,134 $60,503,010 $51,712,278
2020 2020 2019
Expenses Unrestricted Temporarily Restricted Total Total
Client Support $6,128,369 $6,128,369 $5,136,274
Education $5,969,331 $5,969,331 $6,982,991
Clinical Services $36,657,099 $36,657,099 $27,071,222
Government Affairs $572,326 $572,326 $509,958
Total Program Services $49,327,125   $49,327,125 $39,700,445
Management and General $4,143,889   $4,143,889 $3,596,882
Fundraising $2,250,026   $2,250,026 $1,834,713
Total $55,721,040   $55,721,040 $45,132,040
Change in Net Assets $4,487,836 $294,134 $4,781,970 $6,580,238
Net Assets, Beginning of Year $15,736,360 $4,721,661 $20,458,021 $13,877,783
Net Assets, End Of Year $20,224,196 $5,015,795 $25,239,991 $20,458,021

 

Consolidated Statement of Financial Position
June 30, 2020
Consolidated Statement of Financial Position
June 30, 2020
2020 2020 2019
Assets Unrestricted Temporarily Restricted Total Total
Cash and Cash Equivalents $10,032,284 $940,178 $10,972,462 $9,084,699
Investments $507,499 $507,499 $2,379,909
Term Endowments 2,617,480 $2,617,480 $2,571,269
Accounts Receivable, net $5,906,615 $5,906,615 $3,762,154
Medi-Cal Waiver Receivable $444,414 $444,414 $416,880
Grants Receivable $2,865,700 $2,865,700 $2,180,460
Contributions Receivable $155,501 $644,050 $799,551 $1,125,659
Prepaid Expenses & Other Accounts $303,969 $303,969 $343,065
Deposits $7,585,652 695,513 $8,281,165 $132,504
Inventory $244,111 $244,111 $201,971
Split Interest Agreements $14,087 $14,087 $16,457
Property and Equipment (net) $3,454,841 104,487 $3,559,328 $3,433,540
Total Assets $31,500,586 $5,015,795 $36,516,381 $25,648,567
2020 2020 2019
Liabilities & Net Assets Unrestricted Temporarily Restricted Total Total
Current Liabilities
Accounts Payable $3,001,333 $3,001,333 $2,331,762
Accrued Expenses $2,087,989 $2,087,989 $1,479,316
Deferred Revenue $1,327,578 $1,327,578 $969,978
Notes Payable $4,859,490 $4,859,490 $409,490
Total Liabilities $11,276,390   $11,276,390 $5,190,546
Net Assets
Unrestricted
Undesignated $13,350,404 $13,350,404 $11,339,458
Board Designated $6,873,792 $6,873,792 $4,396,902
Temporarily Restricted $5,015,795 $5,015,795 $4,721,661
Total Net Assets $20,224,196 $5,015,795 $25,239,991 $20,458,021
Total Liabilities & Assets $31,500,586 $5,015,795 $36,516,381 $25,648,567

Independent Auditor’s Report

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

We have audited the accompanying consolidated financial statements of 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, 2020, 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 statements 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 APLA Health & Wellness and The Global Forum on MSM & HIV (MSMGF) as of June 30, 2020, 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.

Emphasis of Matters
As discussed in Note 24 to the consolidated financial statements, in 2020, the Organization adopted Accounting Standards Update (ASU) 2018-08, Not-For-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made and ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. Our opinion is not modified with respect to these matters.

Other Information
Our audit was conducted for the purpose of forming an opinion on the consolidated financial statements as a whole. The consolidating schedules, as listed in the table of contents, are presented for purposes of additional analysis and are not a required part of the consolidated financial statements. Such information has not been subjected to the auditing procedures applied in the audits of the consolidated financial statements, and accordingly, we do not express an opinion or provide any assurance on it.

Report on Summarized Comparative Information
We have previously audited the June 30, 2019, consolidated financial statements, and we expressed an unmodified audit opinion on those audited consolidated financial statements in our report dated November 11, 2019. In our opinion, the summarized comparative information presented herein as of and for the year ended June 30, 2019, is consistent, in all material respects, with the audited consolidated financial statements from which it has been derived.
 

Springfield, Missouri
November 25, 2020