b'Presbyterian Living Financial OverviewYEARS ENDED MARCH 31, 2025 AND 2024(DOLLARS IN THOUSANDS) CONSOLIDATED BALANCE SHEETCONSOLIDATED STATEMENT OF OPERATIONSASSETS FY 2025 FY 2024 OPERATING REVENUE FY 2025 FY 2024Cash and cash equivalents, Monthly fees$ 131,761 $126,428investments in trading portfolio, Other revenue 5,202 4,186 excluding those whose use is limited$ 236,808 $231,911 TOTAL RESIDENTIAL REVENUE136,963 130,614 Assets whose use is limited 10,552 8,845 Entrance fee amortization 22,187 20,244 Accounts receivable and other receivables 8,866 5,589 Reimbursement from Geneva Foundation 3,919 3,941 Due from related parties 678 508Prepaid insurance and other 2,678 4,621 TOTAL OPERATING REVENUE $163,069 $154,799Property and equipment, net 400,228 395,010 OPERATING EXPENSESRight-of-use operating lease assets 518 829 Salaries and benefits$74,427 $73,605Other long-term assets 2,782 4,014 Supplies 9,209 8,927TOTAL ASSETS $ 663,110 $ 651,327 Purchased services 22,882 23,058LIABILITIES AND NET ASSETS Utilities 5,584 5,173Accounts payable, deposits Other 4,339 3,138and accrued liabilities$ 30,649 $30,884 Depreciation 33,989 33,916Entrance fee refunds 13,500 14,200 TOTAL OPERATING EXPENSES150,430 147,817Notes and bonds payable 165,671 173,202 OPERATING INCOME $12,639 $6,982Deferred entrance fees 146,932 140,955Refundable entrance fees 116,484 122,433 NON-OPERATING REVENUE (EXPENSE)Lease liabilitiesoperating 797 1,019 Investment gain (loss)$12,291 $19,302Other long-term liability 6,007 5,956 Change in fair value of interest rate swap (1,296 )(100 )Net assets 183,070 162,678 Interest expense (5,533)(5,844 )TOTAL LIABILITIES AND NET ASSETS $ 663,110 $651,327 Other 2,167 129TOTAL NON-OPERATING EXPENSES7,629 13,487NET ASSETS RELEASED FROMRESTRICTION FOR CAPITAL PURCHASES124 3,182CHANGE IN NET ASSETS $20,392 $23,651ANNUAL REPORT 2025 PG 13'