Midcoast Maine Community Action
Midcoast Maine Community Action
Midcoast Maine Community Action
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$6,056,063
Property, Plant, & Equipment (net)
49%
Other Assets
28%
Receivables (Non-Related)
15%
Cash & Equivalents
7%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,434,973
Notes Payable / Debt (Non-Related)
57%
Other Liabilities
26%
Payables & Accruals
13%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,764,282
$410,878
-77%
Receivables (Non-Related)
$171,630
$888,745
+418%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$90,148
$89,969
0%
Investments
-
-
-
Property, Plant, & Equipment (net)
$4,508,924
$2,943,639
-35%
Other Assets
$1,826,410
$1,722,832
-6%
Total Assets
$8,361,394
$6,056,063
-28%
Liabilities
2023
2024
Change
Payables & Accruals
$165,933
$442,147
+166%
Grants Payable
-
-
-
Deferred Revenue
$1,085,665
$137,198
-87%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,415,695
$1,947,866
-56%
Related-Party Payables
-
-
-
Other Liabilities
$1,088,867
$907,762
-17%
Total Liabilities
$6,756,160
$3,434,973
-49%
Net assets
2023
2024
Change
Restricted Net Assets
$1,345,786
$1,543,506
+15%
Unrestricted Net Assets
$259,448
$1,077,584
+315%
Net assets
2023
2024
Change
Net assets
+$1,605,234
+$2,621,090
+63%
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