VERSITI MICHIGAN INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$49,437,276
Receivables (Non-Related)
62%
Property, Plant, & Equipment (net)
22%
Investments
8%
Other Assets
4%
Inventories
4%
Prepaid Expenses
<1%
Cash & Equivalents
0%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$5,218,402
Other Liabilities
58%
Payables & Accruals
42%
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
$0
$0
-
Receivables (Non-Related)
$22,735,578
$30,623,455
+35%
Related-Party Receivables
$0
$0
-
Inventories
$2,009,232
$1,958,317
-3%
Prepaid Expenses
$24,066
$34,155
+42%
Investments
$5,451,705
$3,822,158
-30%
Property, Plant, & Equipment (net)
$11,686,821
$10,870,236
-7%
Other Assets
$2,833,599
$2,128,955
-25%
Total Assets
$44,741,001
$49,437,276
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$3,061,090
$2,200,731
-28%
Grants Payable
$0
$0
-
Deferred Revenue
$0
$0
-
Tax-Exempt Bond Liabilities
$0
$0
-
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$3,023,493
$3,017,671
0%
Total Liabilities
$6,084,583
$5,218,402
-14%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$38,656,418
$44,218,874
+14%
Net assets
2023
2024
Change
Net assets
+$38,656,418
+$44,218,874
+14%
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