2025 |
2024 |
|||
($ in thousands) | ||||
Cash flows from operating activities: Increase in net assets without donor restrictions |
$ |
6,438 |
$ |
10,836 |
Adjustments to reconcile increase in net assets without donor restrictions to net cash provided by operating activities: Other changes in net assets without donor restrictions |
( 16,717) |
( 17,153) |
||
Depreciation and amortization |
11,828 |
9,648 |
||
( Gain) loss on sale and disposition of property and equipment |
( 107) |
57 |
||
Change in right-of-use assets for operating leases |
71 |
62 |
||
|
Changes in assets and liabilities:( Increase) decrease in:
Accounts receivable
|
( 302) |
231 |
||
Inventories |
( 212) |
1 |
||
Prepaid expenses and other current assets |
768 |
( 1,016) |
||
Increase( decrease) in: Accounts payable and accrued expenses |
2,034 |
662 |
||
Dues paid in advance |
( 1,387) |
( 1,847) |
||
Deferred compensation payable |
( 264) |
497 |
||
Operating lease liability |
( 71) |
( 62) |
||
Net cash provided by operating activities |
2,079 |
1,916 |
||
Cash flows from investing activities: Disbursements for property and equipment |
( 9,279) |
( 15,240) |
Proceeds from sale of property and equipment |
214 |
13 |
Contributions to deferred compensation investments |
( 715) |
( 890) |
Distributions from deferred compensation investments |
967 |
104 |
Purchases of U. S. Treasury securities |
( 104,711) |
( 87,059) |
Redemptions of U. S. Treasury securities |
91,823 |
79,884 |
( Increase) decrease in other assets |
( 1,101) |
24 |
Net cash used in investing activities |
( 22,802) |
( 23,164) |
Cash flows from financing activities: Proceeds from issuance of membership certificates |
3,460 |
4,794 |
Redemption of membership certificates |
( 2,245) |
( 3,078) |
Proceeds from capital assessments |
4,660 |
4,433 |
Proceeds from initial capital contributions |
10,842 |
11,004 |
Principal payments on finance leases |
( 451) |
( 156) |
Net cash provided by financing activities |
16,266 |
16,997 |
Cash and cash equivalents: |
||
Beginning |
15,529 |
19,780 |