Michigan Saves
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$36,078,006
Investments
48%
Cash & Equivalents
30%
Receivables (Non-Related)
21%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$6,765,048
Payables & Accruals
67%
Notes Payable / Debt (Non-Related)
33%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,287,537
$10,803,035
+48%
Receivables (Non-Related)
$1,570,298
$7,588,551
+383%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$21,405,566
$17,346,040
-19%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$212,580
$340,380
+60%
Total Assets
$30,475,981
$36,078,006
+18%
Liabilities
2023
2024
Change
Payables & Accruals
$2,983,786
$4,499,423
+51%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,950,000
$2,265,625
+16%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$4,933,786
$6,765,048
+37%
Net assets
2023
2024
Change
Restricted Net Assets
$22,243,449
$23,019,884
+3%
Unrestricted Net Assets
$3,298,746
$6,293,074
+91%
Net assets
2023
2024
Change
Net assets
+$25,542,195
+$29,312,958
+15%
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