Minnesota River Area Agency on Aging Inc
Minnesota River Area Agency on Aging Inc
Minnesota River Area Agency on Aging Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,053,900
Receivables (Non-Related)
62%
Cash & Equivalents
30%
Other Assets
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$2,108,698
Grants Payable
81%
Other Liabilities
11%
Payables & Accruals
8%
Deferred Revenue
<1%
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
$833,516
$910,132
+9%
Receivables (Non-Related)
$1,923,537
$1,902,521
-1%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$482
$12,061
+2402%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$31,545
$229,186
+627%
Total Assets
$2,789,080
$3,053,900
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$238,298
$177,749
-25%
Grants Payable
$1,350,801
$1,699,611
+26%
Deferred Revenue
$109,181
$2,152
-98%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$31,545
$229,186
+627%
Total Liabilities
$1,729,825
$2,108,698
+22%
Net assets
2023
2024
Change
Restricted Net Assets
$247
$0
-100%
Unrestricted Net Assets
$1,059,008
$945,202
-11%
Net assets
2023
2024
Change
Net assets
+$1,059,255
+$945,202
-11%
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