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Catholic Relief Services

Rating
Sector:

Relief and Development

Total
Revenue:

$529,607,000

Total
Expenses:

$597,265,000

Net
Assets:

$164,979,000

Profile Contents

Research Analysis
Financial Information

Ministry Pie Chart

Database Avg This Ministry
Program 81.4% 105.7%
General & Admin 12.4% 2.3%
Fundraising 6.3% 4.3%
Savings 0% -12.7%


Ministry Pie Chart

Ministry Pie Chart

Age Size Box:

>50
Yr(s)25-50
<25
<$1m$1m-
$5m
>$5m

Summary

Catholic Relief Services (CRS) was founded in 1943 by the Catholic Bishops of the United States to assist the poor and disadvantaged outside the country. The fundamental motivating force in all activities of CRS is to share the Gospel of Jesus Christ through the alleviation of human suffering, the development of people and the fostering of charity and justice in the world. CRS provides direct aid to the poor, and involves people in their own development, helping them to realize their potential. It is devoted to educating the people of the United States to recognize that it is a moral responsibility to help the poor, work to remove the causes of poverty, and promote social justice.

Contact Information: [ Back to top ]

Mailing Address:228 West Lexington St
Baltimore, MD
21201-1201
Website: www.crs.org
Phone:(410) 625-2220, (800) 235-2772
Email:You need to enable javascript to see the email

Organization Details [ Back to top ]

EIN: 135563422
CEO/President: Mr. Kenneth F. Hackett Tax Deductible: Yes
Chairman: Most Rev. Timothy Dolan Fiscal Year End: September 30
Board Size: 20 Financial info from: Audit
Founder: Catholic Bishops of the United States Member of ECFA: No
Year Founded: 1943 Member of ECFA since:

Purpose [ Back to top ]

Catholic Relief Services (CRS) was founded in 1943 by the Catholic Bishops of the United States to assist the poor and disadvantaged outside the country. The purpose and programs of CRS is based in the Gospel of Jesus Christ; to that end, CRS is committed to the alleviation of human suffering, the development of people and the fostering of charity and justice in the world. CRS provides direct aid to the poor, and involves people in their own development, helping them to realize their potential. CRS educates the people of the United States to fulfill their moral responsibilities towards others around the world.

Mission Statement [ Back to top ]

Catholic Relief Services carries out the commitment of the Bishops of the United States to assist the poor and vulnerable overseas. We are motivated by the Gospel of Jesus Christ to cherish, preserve and uphold the sacredness and dignity of all human life, foster charity and justice, and embody Catholic social and moral teaching as we act to:

  • Promote human development by responding to major emergencies, fighting disease and poverty, and nurturing peaceful and just societies; and,
  • Serve Catholics in the United States as they live their faith in solidarity with their brothers and sisters around the world.
As part of the universal mission of the Catholic Church, we work with local, national and international Catholic institutions and structures, as well as other organizations, to assist people on the basis of need, not creed, race or nationality.

Program Accomplishments [ Back to top ]

Most recently (July, 2008), CRS reports the following Program Accomplishments for the previous year:

  • Emergency relief in the aftermath of the Peru earthquake, and storms and flooding in Latin America, the Caribbean, South Asia and West Africa.
  • Antiretroviral therapy to 100,000 with HIV, and related medical care and support to an additional 250,000 people.
  • Life-changing agricultural advancements to prevent a food crisis in the Great Lakes region of Africa.
  • A third year of remarkable recovery from the 2004 Indian Ocean tsunami.
  • Improved access to clean water in 79 Honduran communities.
  • Promotion of breastfeeding to prevent malnutrition in Kenya.
  • Job training to prevent human trafficking in Moldova.
  • Conflict resolution classes for 140 community volunteers in Uganda.
  • Sixty years of service to the poor with the National Council of Catholic Women.

Statement of Faith [ Back to top ]

Rather than a ?Statement of Faith,? CRS provides its ?Guiding Principles,? which follow.

As the official international Catholic relief and development agency of the United States Conference of Catholic Bishops, Catholic Relief Services draws upon a rich tradition of Scripture and Catholic social teaching, which serve as the foundation for CRS' Guiding Principles. Acting as a guide to what a just world might look like, these Principles are shared across religious and cultural boundaries and articulate values that are common among people who seek to promote and work towards true justice and lasting peace.

Created in the image of God, all human life is sacred and possesses a dignity that comes directly from our creation and not from any action of our own.

Every person has basic rights and responsibilities that flow from our human dignity and that belong to us as human beings regardless of any social or political structures. The rights are numerous and include those things that make life truly human. Corresponding to our rights are duties and responsibilities to respect the rights of others and to work for the common good of all.

All of us are social by nature and are called to live in community with others ? our full human potential isn't realized in solitude, but in community with others. How we organize our families, societies and communities directly affects human dignity and our ability to achieve our full human potential.

In order for all of us to have an opportunity to grow and develop fully, a certain social fabric must exist within society. This is the common good. Numerous social conditions ? economic, political, material and cultural ? impact our ability to realize our human dignity and reach our full potential.

A higher level of government ? or organization ? should not perform any function or duty that can be handled more effectively at a lower level by people who are closer to the problem and have a better understanding of the issue.

We are all part of one human family ? whatever our national, racial, religious, economic or ideological differences ? and in an increasingly interconnected world, loving our neighbor has global dimensions.

In every economic, political and social decision, a weighted concern must be given to the needs of the poorest and most vulnerable. When we do this we strengthen the entire community, because the powerlessness of any member wounds the rest of society.

There is inherent integrity to all of creation and it requires careful stewardship of all our resources, ensuring that we use and distribute them justly and equitably ? as well as planning for future generations.

History [ Back to top ]

In 1943, during World War II, Catholic Relief Services (CRS) first began its work focused on the resettlement of war refugees in Europe. The Roman Catholic Bishops of the United States established CRS to help war-torn Europe and its refugees recover from this great conflict. Even today, the mission of CRS continues to focus on the poor overseas, using the gospel of Jesus Christ as their mandate. They seek to help those most in need, providing assistance on the basis of need, without regard to race, creed, or nationality.

In the 1950s, as Europe regained its balance, the agency began to look to other parts of the world, seeking out those who could benefit from the assistance of Catholics in the United States. And for the next two decades, Catholic Relief Services expanded its operations and opened offices in Africa, Asia, and Latin America.

During this time of expansion, CRS built on its tradition of providing relief in emergency situations and began to seek ways to help people in the developing world break the cycle of poverty through community-based, sustainable development initiatives. These programs, which today include agricultural initiatives, community banks, health education, and clean water projects, ensure that the local population is the central participant in its own development and that a project can be sustained through the effort and resources of the local community.

In the 1990's, the presence of Catholic Relief Services in the aftermath of natural disasters like Hurricane Mitch in Central America or man-made tragedies, such as Kosovo, is complemented by a continuing commitment to the development of civil society in these areas. With over a half-century's worth of experience overseas, Catholic Relief Services understands that rebuilding societies requires more than mortar and bricks. Through its work, the agency seeks to foster within the U.S. Catholic community a sense of global solidarity, providing inspiration to live out the spiritual tradition of compassionate service to the world.

Ministry Needs [ Back to top ]

As of the summer of 2008, CRS reports that its most pressing need is meeting food shortages and the resulting hunger and disease. According to the CRS website, ?The recent skyrocketing cost of food staples around the world is making national and international headlines. The crisis is prompting economists, agronomists, finance ministers and heads of state to come up with immediate and long-term solutions so that more widespread price increases are averted and increasing discontent is mitigated. ?What we are seeing is unprecedented,? says Catholic Relief Services food aid expert Lisa Kuennen-Asfaw. ?If immediate needs are not met, and if resources and policies supporting increased agricultural production are not put in place soon, we are heading for a cascade of hunger the world over.? To learn more about this and other needs, visit the organization?s website.

Research Analysis

Transparency Grade [ Back to top ]

Transparency Grade of : A
Criteria categoryGradeOther Comments
Timeliness:100
Financial Information:100
Foundational Clarity:
Level of Cooperation:
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MinistryWatch.com 5 Star Financial Efficiency Ratings [ Back to top ]

Ranking CategoryRatingOverall RankRelief and Development Sector
Overall Efficiency RatingStarStarStarStar61 of 352    24 of 54
Fund Acquisition DecisionStarStarStarStar108 of 352      28 of 54
Resource Allocation DecisionStarStarStarStarStar24 of 352      16 of 54
Asset Utilization DecisionStarStarStar165 of 352      35 of 54
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Supporters Might Say

  • CRS has won many awards for efficiency and outstanding achievement among non-profit organizations.
  • CRS maintains a highly informative website.
  • CRS treats the causes as well as the effects of poverty and injustice.
  • CRS has developed successful and creative means of addressing economic and social ills.
  • CRS models Christian charity.
  • CRS presents a model for approaching human rights and social justice which can be applied by people from different faith-perspectives.
  • CRS? basic principles clearly inform the organizations programs.
Critics Might Say

  • Some may think that CRS, by refusing to address spiritual issues, fails to get at the deepest roots of social injustice.
  • CRS? concern for the environment is commendable, but some may believe that CRS is overly sensitive to such issues and that this impedes the organization?s effectiveness in addressing immediate human needs.
  • CRS is a government-funded relief and development agency, so everybody has, by paying taxes, contributed somewhat to the organization. Some people may be disinclined to contribute twice.
  • CRS may overestimate the capacities of unredeemed man to work in proper accord and communion apart from a genuine appeal to self-interest.
  • CRS, as an organization, completely ignores the institution of the family. All programs, appeals, and concerns are addressed to either individuals or macro-level institutions.
  • Perhaps due to the fact that CRS avoids defining its mission in terms of concrete statements about ultimate reality, some of its statements on principle and points of emphasis sound a bit like windy generalizations and empty truisms.

Worldview Considerations

  • Catholic Relief Services is an agency of the U.S. Conference of Catholic Bishops and adheres to the teaching of the Roman Catholic Church.
  • CRS maintains that providing people with spiritual instruction and nutrition is the proper domain of religious leaders; hence, the organization provides neither.
  • CRS believes that every person has dignity directly from God.
  • CRS believes that every person, community, and nation is a part one global community of people, and that this fact should have profound implications for our view of what charity requires and justice demands.
  • CRS maintains that the development of economic, social, political, material, spiritual, and cultural conditions are necessary for people to flourish.
  • CRS seeks to partner with other Catholic organizations and dioceses first and foremost since other Catholics will be more deeply sympathetic to CRS? perspective and aims.
  • CRS administers its services solely on the basis of need, not creed, race, or nationality.

Analyst Comments [ Back to top ]

MinistryWatch.com?s Take
October, 2004; Updated July, 2008
By J. Andrew Preslar and Michael Barrick

Essence and Organization

Catholic Relief Services (CRS) is an international relief and development agency which exists in order to provide life-sustaining and life-enhancing aid to the world?s poorest and most destitute persons. CRS represents the United States Catholic community in the world arena of social justice and relief work. It is governed by the U. S. Conference of Catholic Bishops, and works in partnership with the U. S. and foreign governments, other Catholic agencies, local dioceses, and local (secular and faith-related) relief and development organizations. CRS is active in more than 100 countries in Africa, Asia, Europe, the Middle East, Latin America and the Caribbean. CRS serves the world?s poorest people via its agriculture, AIDS, community health, education, emergency response, peace building, civil rights and advocacy, and micro financing programs.

CRS? staff is headed by an executive staff under the leadership of President and CEO Kenneth Hackett. CRS Presidents are appointed by and answerable to a board of directors that includes up to 25 people, including bishops, priests and lay persons. Although organized by and representative of U. S. Catholics, CRS employs both Catholics and non-Catholics, Also, CRS partners with the U. S. government and various secular agencies, although it does place a priority on collaborating with Catholic agencies.

Catholic Social Teaching

CRS? call is for people of every faith to work together to eliminate poverty and social injustice. The principles which supply the direct motivation and inspiration for the work of CRS is based upon Catholic Social Teaching, a body of beliefs which are associated with the Gospel, but acceptable, in principle, by people of all faiths; indeed, these beliefs form the basis for the programs utilized by CRS to fulfill its Mission Statement. There, CRS affirms that its activities are motivated by the ?Gospel of Jesus Christ as it pertains to the alleviation of human suffering, the development of people and the fostering of charity and justice in the world.?

CRS uses the following categories to summarize Catholic Social Teaching:

  • Dignity and Equality: All people are created in the image of God; hence, each person is endowed with dignity and equality.
  • Rights and Responsibilities: Flowing from the dignity of humankind are unconditional rights and responsibilities. Human beings cannot reach their full potential where these rights are denied or responsibilities shirked.
  • Social Nature: Human beings cannot reach their full potential in isolation from others. Man is by nature a social being, and must learn to pursue his ends as such.
  • Common Good: The end which man as a social being ought to pursue is the common good. The common good is defined as the social fabric which allows every human being to reach his or her full potential.
  • Subsidiarity: The organization of a community for purposes of the common good should be carried out, as much as is possible, at the level of authority/ government most intimately connected with the lives of the people. In other words, what can be more effectively accomplished by lower level government should not be handled by higher level government.
  • Solidarity: The principle of charity, or of loving one?s neighbors, has global dimensions. The human species is a unit, with each member related to each.
  • Preferential Option for the Poor: The solidarity of the human species entails that the suffering and/or powerlessness of any member or class within that unit impacts the whole in a negative way. This means that the weakest and most vulnerable in any community have the greatest claim to the concern of the whole, and should be given whatever special care and opportunities are necessary for their health and empowerment.
  • Stewardship: The solidarity of the species and the preferential option for the poor which is necessary to the well being of the whole demand that the resources of the whole be distributed in a just and equitable manner.
The foregoing principles permeate each of CRS? programs. This view of humankind, as individuals invested by nature with certain rights and as a global family existing as a relational unit, constitutes the ?macro-perspective? from which CRS approaches relief and development work. The programs by which CRS ?puts feet to? Catholic Social Teaching are, in turn, informed by four additional points of emphasis:
  • Justice: This point of emphasis determines to whom CRS will minister. In keeping with the principles of solidarity, preferential option for the poor, and stewardship, CRS promotes justice by focusing its efforts on the world?s poorest, most vulnerable, and marginalized people and communities.
  • Local Capacity Building: CRS? emphasis on local capacity building determines the nature of its partnerships. In general, CRS prefers, in keeping with the principle of subsidiarity, to work with and strengthen local agencies. Thus, CRS hopes to help create healthy and self-sustaining communities.
  • Gender Equity: In keeping with the principles of dignity and equality and rights and responsibilities, CRS seeks to ensure that the women in the communities where it works have access to basic services and business opportunities. CRS? emphasis on gender equity is also a way in which it promotes justice, that is, by providing preferential options for a traditionally marginalized element in many societies.
  • Food Security: CRS is committed to food security for all people, which is a basic form of justice and expression of charity. Food security means guaranteeing that people have access to daily food without compromising their future security.
Charity and Justice

The scope of CRS? mission is broad, the size and operating budget of the ministry is great, and the extent of its programs is wide. Nevertheless, CRS? total mission, including the ideological commitments outlined above, can be summarized in two words found in the organization?s mission statement: charity and justice. Charity motivates and serves as the basis for justice, while justice extends and reinforces works of charity by addressing the root causes (at the natural and social levels) of human affliction. Charity is the motivating force behind all of CRS? work, and is displayed most clearly in the organization?s relief programs. Providing food, shelter, clean water, and basic health services to the poorest people in the world is, however, only one aspect of CRS? mission. CRS? developmental programs extend the sphere of charity and deepen its impact in a region through working to establish justice. Here justice is defined as that factor in society whereby every person is ensured of the following: (1) perennial access to the commodities most basic to survival (thus building on CRS relief programs), and (2) a social structure which respects and reinforces the basic human rights outlined in Catholic Social Teaching, including equal opportunities for every citizen and civil liberties.

CRS Programs

Emergency Response: CRS responds to natural disasters and ?complex emergencies? (such as political crises) by teaming with local agencies to ensure that the victims of such disasters receive the temporary relief (including food, water, and shelter) they need to survive and to develop long-term strategies for reconstruction and restitution.

Safety Net: This program is an advocacy program on behalf of the people it serves in which CRS exhorts governments around the world to provide for the basic needs of people who are unable to provide for themselves.

HIV/ AIDS: CRS? community-based AIDS programs focus upon providing basic services and commodities to children orphaned due to AIDS, enlisting volunteers to visit and care for those suffering from HIV/AIDS, and addressing root causes by means of AIDS prevention education (including the advocacy of abstinence). CRS sponsors and develops education and care programs, and implements those programs in communities through its field staff and the cooperation of local churches, parish mission hospitals, and indigenous agencies.

Community Health: CRS works to train local health leaders to care for the basic health needs of the people in their communities. Particular projects include building permanent health centers, working to provide communities with clean water, and constructing latrines. CRS? emphasis here is upon developing community capacity to achieve and maintain a healthy environment and health services.

Education: CRS? education program is designed to ensure that every person in the areas where CRS works has access to quality basic education. Particular facets of this program include providing direct support for schools in crisis areas (e.g., materials and funds for facility reconstruction), promoting community participation in education by supporting ?grassroots? organizations which work with local schools, and providing school students with meals. CRS? school meals program ensures that poverty-stricken children have access to food and at the same time acts as an incentive for children to attend school (in many areas take-home rations are provided in addition to lunch).

Agriculture: CRS works with farmers as partners, encouraging them to treat their farm as a small business enterprise. Farmers are encouraged and trained to focus on diverse production systems, eco-friendly methods of working the land, and ?cross-community collaboration.? CRS is committed to ensuring immediate benefits for the farming communities in which it works, these being located in some of the poorest and most disease- and disaster-afflicted regions in the world. Many of these regions are farmed out of necessity, the climate not being ideal for raising crops. CRS works with farmers and local agencies to develop marketing strategies to help small farms become competitive and profitable. One of CRS? most successful endeavors is its sponsorship of ?Seed Fairs,? wherein local farmers receive vouchers from CRS by which they may purchase seed from local sellers, which vouchers are in turn redeemed by CRS for money. CRS focuses its efforts upon women buyers, with more than 50 percent of buyers in the ?Seed Fairs? program being women. Funds for these and other agricultural development programs are supplied by funds from USG foreign aid programs as well as the European Union. CRS works in 34 nations around the world, in partnership with local relief and development agencies, to develop and implement productive, safe, and sustainable farming strategies.

Micro-finance: This program helps the self-employed poor gain access to reliable financial services. CRS focuses on providing loans to business women, with more than 80 percent of all the loans given out through the program going to women. CRS provides support to local financial organizations which display the commitment and capacity to provide financial services to poor and marginalized persons in the community. These types of arrangements focus upon community cooperation and mutual concern, and goes hand-in-hand with CRS? principle of solidarity and its commitment to local capacity building.

Peace Building: CRS? peace-building programs promote stability in regions torn apart by war or natural disasters. CRS helps to mediate disputes in regions which lack any central control (especially refugee camps). This is accomplished by means of providing emergency relief, human rights education, and by helping people to address the root causes of conflict. CRS has peace-building operations working in some of the world?s most volatile regions, such as East Africa and the Balkans.

Civil Rights and Advocacy: CRS helps to promote awareness, the spirit of charity, and the desire for global justice by means of a variety of educational and advocacy programs. Although more than one-half of CRS? revenue is supplied by the U. S. government, the organization emphasizes the importance of the private contributions of individuals, which serve as an indicator of its efficacy and reliability, which renders the government more likely to allocate funds for CRS programs. CRS gets its mission and message out to the public by mail and by print and television advertisement.

Ministry Statement or Response [ Back to top ]

This organization has not offered MinistryWatch.com with an official statement or response for their profile. This area is meant as a mechanism for the profiled ministry to communicate anything they may choose. It is open ended as to the topic, issues, facts or news to address. It is not negative if there is no official statement as many don’t have anything to add than what is already on the profile. This section is not tied to transparency or to communication in general. Many very open and talkative ministries with us choose not to post an official statement. This section is just an open ended offering to the profiled ministry for anything extra to say as they may choose.

Financial Information:

Financial Ratios[ Back to top ]

Funding RatiosDatabase Average20072006200520042003
Return on FR Efforts9%4%4%3%0%0%
Fundraising Cost Ratio6%4%4%3%0%0%
Contributions Reliance83%97%97%98%0%0%
Fundraising Expense Ratio6%4%4%4%0%0%
Other Revenue Reliance17%3%3%2%0%0%
Operating RatiosDatabase Average20072006200520042003
Program Expense Ratio81%94%94%94%0%0%
Spending Ratio100%113%104%80%0%0%
Program Output Ratio81%106%98%75%0%0%
Savings Ratio0%-13%-4%20%0%0%
Reserve Accumulation Rate2%-41%-10%55%0%0%
General & Admin Ratio12%2%2%2%0%0%
Investing RatiosDatabase Average20072006200520042003
Total Asset Turnover2.57x1.64x1.49x1.39x0x0x
Degree of L-T Investment2.91x2.06x1.99x2.16x0x0x
Current Asset Turnover4.77x3.36x2.96x3.01x0x0x
Age of Assets9.5yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)0.0yr(s)
Liquidity RatiosDatabase Average20072006200520042003
Current Ratio122.33x1.11x1.5x1.25x0x0x
Current Liabilities Ratio.32x.9x.67x.8x0x0x
Liquid Reserve Level5.82x.35x1.35x.81x0x0x
Solvency RatiosDatabase Average20072006200520042003
Liabilities Ratio.23x.55x.42x.37x0x0x
Debt Ratio.06x.11x.09x0x0x0x
Reserve Coverage Ratio87%28%39%45%0%0%

Financials[ Back to top ]

Balance Sheet
Assets20072006200520042003
Cash$87,811,000$103,793,000$109,521,000$84,109,000$90,566,000
Receivables, Inventories & Prepaids$41,500,000$36,071,000$35,822,000$37,599,000$45,352,000
Short-Term Investments$45,494,000$42,953,000$43,033,000$39,909,000$38,685,000
Other Current Assets$2,740,000$18,872,000$0$0$0
Total Current Assets$177,545,000$201,689,000$188,376,000$161,617,000$174,603,000
Long-Term Investments$136,113,000$166,080,000$187,501,000$75,689,000$85,971,000
Fixed Assets$51,366,000$33,748,000$30,696,000$15,652,000$14,597,000
Other Long-Term Assets$0$0$0$0$0
Total Long-Term Assets$187,479,000$199,828,000$218,197,000$91,341,000$100,568,000
TOTAL ASSETS$365,024,000$401,517,000$406,573,000$252,958,000$275,171,000
Liabilities20072006200520042003
Payables & Accrued Expenses$72,453,000$48,931,000$48,538,000$41,526,000$41,279,000
Other Current Liabilities$87,501,000$85,398,000$101,715,000$96,461,000$113,694,000
Total Current Liabilities$159,954,000$134,329,000$150,253,000$137,987,000$154,973,000
Debt$40,091,000$34,551,000$0$0$0
Due To (From) Affiliates$0$0$0$0$0
Other Long-Term Liabilities$0$0$0$0$0
Total Long-Term Liabilities$40,091,000$34,551,000$0$0$0
TOTAL LIABILITIES$200,045,000$168,880,000$150,253,000$137,987,000$154,973,000
Assets20072006200520042003
Unrestricted$61,137,000$69,882,000$75,137,000$80,310,000$77,327,000
Temporarily Restricted$98,658,000$158,203,000$177,363,000$31,589,000$39,829,000
Permanently Restricted$5,184,000$4,552,000$3,820,000$3,072,000$3,042,000
NET ASSETS$164,979,000$232,637,000$256,320,000$114,971,000$120,198,000
Revenue and Expenses
Revenue20072006200520042003
Total Contributions$515,511,000$558,728,000$691,944,000$554,720,000$481,561,000
Program Service Revenue$0$0$0$0$0
Membership Dues$0$0$0$0$0
Investment Income$18,248,000$12,684,000$14,991,000$13,300,000$28,153,000
Other Revenue($4,152,000)$1,942,000$959,000$248,000($10,073,000)
Total Other Revenue$14,096,000$14,626,000$15,950,000$13,548,000$18,080,000
TOTAL REVENUE$529,607,000$573,354,000$707,894,000$568,268,000$499,641,000
Expenses20072006200520042003
Program Services$560,060,000$561,357,000$533,835,000$544,062,000$490,307,000
Management & General$14,179,000$12,548,000$10,504,000$11,026,000$9,910,000
Fundraising$23,026,000$23,132,000$22,206,000$18,407,000$20,490,000
TOTAL EXPENSES$597,265,000$597,037,000$566,545,000$573,495,000$520,707,000
Change in Net Assets20072006200520042003
SURPLUS (DEFICIT)($67,658,000)($23,683,000)$141,349,000($5,227,000)($21,066,000)
Other Changes in Net Assets$0$0$0$0$0
TOTAL CHANGE IN NET ASSETS($67,658,000)($23,683,000)$141,349,000($5,227,000)($21,066,000)