WEST MICHIGAN SPORTS COMMISSION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$17,558,802
Property, Plant, & Equipment (net)
40%
Cash & Equivalents
35%
Investments
16%
Receivables (Non-Related)
7%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,237,217
Deferred Revenue
50%
Payables & Accruals
37%
Other Liabilities
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,384,604
$6,102,783
+39%
Receivables (Non-Related)
$802,742
$1,309,817
+63%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$30,141
$44,717
+48%
Investments
$2,726,767
$2,889,874
+6%
Property, Plant, & Equipment (net)
$6,102,144
$7,072,782
+16%
Other Assets
$251,532
$138,829
-45%
Total Assets
$14,297,930
$17,558,802
+23%
Liabilities
2023
2024
Change
Payables & Accruals
$584,778
$454,998
-22%
Grants Payable
-
-
-
Deferred Revenue
$727,000
$621,289
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$261,729
$160,930
-39%
Total Liabilities
$1,573,507
$1,237,217
-21%
Net assets
2023
2024
Change
Restricted Net Assets
$5,385,648
$7,122,646
+32%
Unrestricted Net Assets
$7,338,775
$9,198,939
+25%
Net assets
2023
2024
Change
Net assets
+$12,724,423
+$16,321,585
+28%
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