MACKINAC STRAITS HEALTH SYSTEM INC
Balance Sheet
Fiscal Year Start:
Apr 1
Assets in 2025 (Year End)
$75,206,076
Property, Plant, & Equipment (net)
51%
Cash & Equivalents
29%
Receivables (Non-Related)
13%
Other Assets
4%
Inventories
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2025 (Year End)
$65,410,669
Notes Payable / Debt (Non-Related)
66%
Other Liabilities
25%
Payables & Accruals
9%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$16,196,782
$21,657,100
+34%
Receivables (Non-Related)
$9,914,989
$9,405,742
-5%
Related-Party Receivables
-
-
-
Inventories
$2,236,525
$2,269,257
+1%
Prepaid Expenses
$389,803
$669,711
+72%
Investments
-
-
-
Property, Plant, & Equipment (net)
$33,455,118
$38,186,745
+14%
Other Assets
$126,574
$3,017,521
+2284%
Total Assets
$62,319,791
$75,206,076
+21%
Liabilities
2024
2025
Change
Payables & Accruals
$6,100,072
$5,695,344
-7%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$20,758
$12,753
-39%
Notes Payable / Debt (Non-Related)
$44,463,711
$43,071,305
-3%
Related-Party Payables
-
-
-
Other Liabilities
$13,267,757
$16,631,267
+25%
Total Liabilities
$63,852,298
$65,410,669
+2%
Net assets
2024
2025
Change
Restricted Net Assets
$1,772,806
$2,038,547
+15%
Unrestricted Net Assets
-$3,305,313
$7,756,860
-335%
Net assets
2024
2025
Change
Net assets
-$1,532,507
+$9,795,407
-739%
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