PROTECT LIFE MICHIGAN
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,053,077
Cash & Equivalents
80%
Investments
15%
Other Assets
3%
Property, Plant, & Equipment (net)
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$93,665
Payables & Accruals
84%
Deferred Revenue
16%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$454,305
$838,678
+85%
Receivables (Non-Related)
$17,717
$2,258
-87%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$409,078
$158,828
-61%
Property, Plant, & Equipment (net)
-
$22,718
-
Other Assets
$2,453
$30,595
+1147%
Total Assets
$883,553
$1,053,077
+19%
Liabilities
2023
2024
Change
Payables & Accruals
$54,835
$78,456
+43%
Grants Payable
-
-
-
Deferred Revenue
-
$15,209
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$54,835
$93,665
+71%
Net assets
2023
2024
Change
Restricted Net Assets
$16,138
$8,247
-49%
Unrestricted Net Assets
$812,580
$951,165
+17%
Net assets
2023
2024
Change
Net assets
+$828,718
+$959,412
+16%
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