Independent auditors have given ARCHS an "unmodified" or "clean" audit for the 18th consecutive fiscal year. ARCHS' FY 2019 (July 1, 2019 - June 30, 2019) financial audit by Anders was reviewed and approved by ARCHS' Board of Directors in December 2019.
Issuance of “unmodified” means an auditor, upon review of an organization’s financial statements and accompanying notes, concluded that the financial statements and accompanying notes are presented fairly, conform to generally accepted accounting principles, and fairly represent the true financial picture of the organization.
For the ninth consecutive year, ARCHS has also successfully completed a federal 2 CFR 200 audit (formerly called an A-133 audit) for its work with federal funding. A 2 CFR 200 audit is required for any organization that expends more than $750,000 in one year from federal government funding.
During FY 2019, ARCHS had a $27 million impact on the region. Within that number, $12.8 million were grants issued by ARCHS, and $14.2 million were additional funds/resources secured by ARCHS funded partners.
The FY 2019 audit also highlighted that ARCHS’ “administrative overhead” costs are only 14-percent, which is below the national average of 25 percent as calculated by the national United Way and other groups. This means that 86 cents out of every dollar ARCHS manages goes to the delivery of human service initiatives that annually serve more than 197,000 St. Louisans facing disparities and disadvantages. The remaining 14 cents provides strategic consulting, technical assistance, and professional development services that assist in the management and evaluation of these vital initiatives.