FIRST IN MICHIGAN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$4,406,430
Cash & Equivalents
95%
Receivables (Non-Related)
3%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$377
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,586,668
$4,177,731
+16%
Receivables (Non-Related)
$418,900
$137,288
-67%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
$9,000
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$33,095
$82,411
+149%
Other Assets
-
-
-
Total Assets
$4,038,663
$4,406,430
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$17,882
$377
-98%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$17,882
$377
-98%
Net assets
2023
2024
Change
Restricted Net Assets
$1,649,924
$1,614,529
-2%
Unrestricted Net Assets
$2,370,857
$2,791,524
+18%
Net assets
2023
2024
Change
Net assets
+$4,020,781
+$4,406,053
+10%
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