YFS income grew by 3.3% over 2015 in challenging times for the sector as a whole.

YFS won a significant contract in 2016 to deliver the ParentsNext program in the Logan area which contributed $80,000 to our income. This is budgeted to grow to $542,000 in 2016-17 financial year.

Our social enterprise continues to expand with revenue growth of 53% in the 2015-16 financial year.

Expenditure has increased by 5.85% as the organisation continues to invest for the future including preparing for the NDIS, growing our social enterprises and developing our R4Respect initiative.

YFS remains in an excellent financial position with a ratio of current assets to current  liabilities of 2.6 times. This makes the organisation well positioned to develop and maintain high quality client services to the Logan and surrounding communities in an evolving regulatory environment.

2.6

current ratio

             up to

3.3%

growth

times

over 2015

up to

2016

Income 2015-2016

Expenditure breakdown 2015-2016

2015

Income 2014-2015

Expenditure breakdown 2014-2015

Key ratios

2016

Assets Ratio

Assets:  13,500,454

Liabilities:  11,388,040

Ratio:  1.19:1

Current Ratio

Current Assets:  4,719,306

Current Liabilities:  1,817,666

2.6:1

Key ratios

2015

Assets Ratio

Assets:  13,393,588

Liabilities:  11,394,408

Ratio:  1.18:1

Current Ratio

Current Assets:  4,452,622

Current Liabilities:  1,653,186

2.69:1