PCOA Annual Report 2023-2024

Financial Overview Assets Overview: Strengthening Our Foundation

Pima Council on Aging’s financial strength is grounded in a diverse and well-managed portfolio of assets. As of June 30, 2024, total assets reached $10,573,902, reflecting strategic investments and prudent resource management. These assets ensure PCOA’s ability to sustain and expand its mission to support older adults and their caregivers in Pima County.

$ 2,320,077 $ 2,930,658 $ 2,320,077

Cash Investments Accounts/Contracts Receivable Bequest/Pledges Receivable Prepaid Expenses Intercompany Receivable/(Payable) Deposits & Other Assets

$ 484,945

$ 72,380 $ 736,959 $ 21,978 $ 2,338,362

Land, Building & Equipment (Net)

0 $ 500,000 $ 1,000,000 $ 1,500,000 $ 2,000,000 $ 2,500,000 $ 3,000,000

Liabilities Overview: Ensuring Financial Responsibility As of June 30, 2024, Pima Council on Aging’s total liabilities amounted to $2,992,102, reflecting our commitment to meeting financial obligations while maintaining operational sustainability. These liabilities represent a combination of short-term and long-term responsibilities, managed effectively to support the organization’s mission and programs.

Accounts & Contracts Payable Accrued Expenses Deferred Revenue Mortgage Payable & Other Debt Due to Others

$ 213,741

$ 780,810

$ 216,685

$ 1,596,334

$ 184,532

0

$ 500,000

$ 1,000,000

$ 1,500,000

$ 2,000,000

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