Southern Maine Agency on Aging
Southern Maine Agency on Aging
Southern Maine Agency on Aging
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$7,203,271
Property, Plant, & Equipment (net)
40%
Cash & Equivalents
36%
Receivables (Non-Related)
13%
Investments
8%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,974,034
Tax-Exempt Bond Liabilities
53%
Payables & Accruals
33%
Other Liabilities
11%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,402,503
$2,558,986
+7%
Receivables (Non-Related)
$388,728
$924,015
+138%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$45,272
$53,017
+17%
Investments
$762,792
$562,427
-26%
Property, Plant, & Equipment (net)
$2,876,343
$2,853,472
-1%
Other Assets
-
$251,354
-
Total Assets
$6,475,638
$7,203,271
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$507,386
$661,037
+30%
Grants Payable
-
-
-
Deferred Revenue
$44,510
$52,081
+17%
Tax-Exempt Bond Liabilities
-
$1,043,407
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,071,472
$0
-100%
Related-Party Payables
-
-
-
Other Liabilities
-
$217,509
-
Total Liabilities
$1,623,368
$1,974,034
+22%
Net assets
2023
2024
Change
Restricted Net Assets
$226,421
$246,479
+9%
Unrestricted Net Assets
$4,625,849
$4,982,758
+8%
Net assets
2023
2024
Change
Net assets
+$4,852,270
+$5,229,237
+8%
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