Maine Island Trail Association
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$3,138,268
Investments
69%
Property, Plant, & Equipment (net)
21%
Other Assets
5%
Receivables (Non-Related)
2%
Prepaid Expenses
2%
Cash & Equivalents
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$501,371
Notes Payable / Debt (Non-Related)
64%
Payables & Accruals
23%
Other Liabilities
13%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$129,886
$44,040
-66%
Receivables (Non-Related)
$66,398
$58,518
-12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$72,204
$52,204
-28%
Investments
$1,782,275
$2,175,247
+22%
Property, Plant, & Equipment (net)
$690,907
$651,562
-6%
Other Assets
$116,112
$156,697
+35%
Total Assets
$2,857,782
$3,138,268
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$49,302
$115,430
+134%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$330,833
$319,731
-3%
Related-Party Payables
-
-
-
Other Liabilities
$91,904
$66,210
-28%
Total Liabilities
$472,039
$501,371
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$1,644,535
$2,013,324
+22%
Unrestricted Net Assets
$741,208
$623,573
-16%
Net assets
2023
2024
Change
Net assets
+$2,385,743
+$2,636,897
+11%
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