Michigan Advocacy Program
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$18,940,496
Cash & Equivalents
41%
Receivables (Non-Related)
34%
Property, Plant, & Equipment (net)
17%
Other Assets
7%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,018,359
Payables & Accruals
38%
Other Liabilities
36%
Notes Payable / Debt (Non-Related)
26%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,459,894
$7,837,755
+44%
Receivables (Non-Related)
$6,545,752
$6,416,788
-2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$350,840
$302,902
-14%
Investments
-
-
-
Property, Plant, & Equipment (net)
$3,317,455
$3,148,967
-5%
Other Assets
$1,674,508
$1,234,084
-26%
Total Assets
$17,348,449
$18,940,496
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$1,168,177
$1,882,830
+61%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$4,913
$9,124
+86%
Notes Payable / Debt (Non-Related)
$1,409,542
$1,317,009
-7%
Related-Party Payables
-
-
-
Other Liabilities
$2,209,723
$1,809,396
-18%
Total Liabilities
$4,792,355
$5,018,359
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$5,400,025
$5,345,380
-1%
Unrestricted Net Assets
$7,156,069
$8,576,757
+20%
Net assets
2023
2024
Change
Net assets
+$12,556,094
+$13,922,137
+11%
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