MICHIGAN COLLEGES ALLIANCE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$5,681,820
Investments
55%
Cash & Equivalents
42%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$386,154
Payables & Accruals
97%
Other Liabilities
3%
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%
Assets
2023
2024
Change
Cash & Equivalents
$2,294,314
$2,370,189
+3%
Receivables (Non-Related)
$267,812
$188,305
-30%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,653
$4,309
+18%
Investments
$2,956,379
$3,106,640
+5%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
$27,057
$12,377
-54%
Total Assets
$5,549,215
$5,681,820
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$267,679
$373,360
+39%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$27,589
$12,794
-54%
Total Liabilities
$295,268
$386,154
+31%
Net assets
2023
2024
Change
Restricted Net Assets
$4,131,399
$4,010,551
-3%
Unrestricted Net Assets
$1,122,548
$1,285,115
+14%
Net assets
2023
2024
Change
Net assets
+$5,253,947
+$5,295,666
+1%
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