WEST MICHIGAN CONSTRUCTION INSTITUTE
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2025 (Year End)
$7,500,171
Property, Plant, & Equipment (net)
86%
Cash & Equivalents
12%
Inventories
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$308,309
Payables & Accruals
50%
Deferred Revenue
50%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,355,060
$928,247
-31%
Receivables (Non-Related)
$44,067
$20,000
-55%
Related-Party Receivables
$16,826
-
-
Inventories
$36,610
$63,914
+75%
Prepaid Expenses
$8,178
$46,026
+463%
Investments
-
-
-
Property, Plant, & Equipment (net)
$5,776,102
$6,441,984
+12%
Other Assets
-
-
-
Total Assets
$7,236,843
$7,500,171
+4%
Liabilities
2024
2025
Change
Payables & Accruals
$558,464
$154,554
-72%
Grants Payable
-
-
-
Deferred Revenue
$446,663
$153,755
-66%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,005,127
$308,309
-69%
Net assets
2024
2025
Change
Restricted Net Assets
$1,639,384
$2,000
-100%
Unrestricted Net Assets
$4,592,332
$7,189,862
+57%
Net assets
2024
2025
Change
Net assets
+$6,231,716
+$7,191,862
+15%
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