SOMERSET HEALTH CARE FOUNDATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,428,383
Investments
57%
Other Assets
33%
Receivables (Non-Related)
10%
Prepaid Expenses
<1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$515,050
Other Liabilities
81%
Deferred Revenue
14%
Payables & Accruals
5%
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
$2,009
$526
-74%
Receivables (Non-Related)
$216,491
$632,596
+192%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$6,050
$6,189
+2%
Investments
$3,532,250
$3,687,112
+4%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$1,170,968
$2,101,960
+80%
Total Assets
$4,927,768
$6,428,383
+30%
Liabilities
2023
2024
Change
Payables & Accruals
$0
$24,500
-
Grants Payable
$0
$0
-
Deferred Revenue
$121,707
$73,780
-39%
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$373,174
$416,770
+12%
Total Liabilities
$494,881
$515,050
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$3,640,139
$5,034,025
+38%
Unrestricted Net Assets
$792,748
$879,308
+11%
Net assets
2023
2024
Change
Net assets
+$4,432,887
+$5,913,333
+33%
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