AKRON-CANTON REGIONAL FOODBANK
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$46,345,610
Cash & Equivalents
35%
Property, Plant, & Equipment (net)
27%
Receivables (Non-Related)
12%
Other Assets
12%
Inventories
7%
Investments
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,177,565
Payables & Accruals
59%
Notes Payable / Debt (Non-Related)
31%
Deferred Revenue
10%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$14,378,270
$16,050,791
+12%
Receivables (Non-Related)
$6,180,470
$5,771,851
-7%
Related-Party Receivables
-
-
-
Inventories
$4,243,291
$3,289,669
-22%
Prepaid Expenses
$12,770
$239,144
+1773%
Investments
$2,529,300
$2,993,706
+18%
Property, Plant, & Equipment (net)
$19,679,779
$12,408,803
-37%
Other Assets
$5,258,643
$5,591,646
+6%
Total Assets
$52,282,523
$46,345,610
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,694,413
$1,282,202
-24%
Grants Payable
-
-
-
Deferred Revenue
$565,641
$213,449
-62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$696,610
$681,914
-2%
Related-Party Payables
-
-
-
Other Liabilities
$7,560,431
$0
-100%
Total Liabilities
$10,517,095
$2,177,565
-79%
Net assets
2023
2024
Change
Restricted Net Assets
$4,293,708
$6,918,832
+61%
Unrestricted Net Assets
$37,471,720
$37,249,213
-1%
Net assets
2023
2024
Change
Net assets
+$41,765,428
+$44,168,045
+6%
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