Council of Medical Specialty Societies
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,473,440
Cash & Equivalents
40%
Receivables (Non-Related)
30%
Investments
28%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$3,330,194
Payables & Accruals
89%
Grants Payable
7%
Other Liabilities
4%
Deferred Revenue
0%
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
$2,060,463
$2,609,954
+27%
Receivables (Non-Related)
$1,827,160
$1,919,199
+5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$10,174
$9,564
-6%
Investments
$1,628,706
$1,797,161
+10%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$110,976
$137,562
+24%
Total Assets
$5,637,479
$6,473,440
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$1,722,257
$2,973,230
+73%
Grants Payable
$550,000
$219,402
-60%
Deferred Revenue
$841,134
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$110,063
$137,562
+25%
Total Liabilities
$3,223,454
$3,330,194
+3%
Net assets
2023
2024
Change
Restricted Net Assets
-
$269,332
-
Unrestricted Net Assets
$2,414,025
$2,873,914
+19%
Net assets
2023
2024
Change
Net assets
+$2,414,025
+$3,143,246
+30%
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