Hemophilia Foundation of Michigan
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,354,869
Cash & Equivalents
36%
Investments
26%
Receivables (Non-Related)
25%
Property, Plant, & Equipment (net)
12%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,341,998
Payables & Accruals
97%
Deferred Revenue
2%
Other Liabilities
<1%
Grants Payable
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
$672,295
$1,567,234
+133%
Receivables (Non-Related)
$612,388
$1,069,052
+75%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$25,257
$33,275
+32%
Investments
$1,034,238
$1,134,444
+10%
Property, Plant, & Equipment (net)
$554,789
$541,847
-2%
Other Assets
$12,601
$9,017
-28%
Total Assets
$2,911,568
$4,354,869
+50%
Liabilities
2023
2024
Change
Payables & Accruals
$373,119
$1,306,280
+250%
Grants Payable
-
-
-
Deferred Revenue
$5,000
$27,000
+440%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$12,306
$8,718
-29%
Total Liabilities
$390,425
$1,341,998
+244%
Net assets
2023
2024
Change
Restricted Net Assets
$38,162
$0
-100%
Unrestricted Net Assets
$2,482,981
$3,012,871
+21%
Net assets
2023
2024
Change
Net assets
+$2,521,143
+$3,012,871
+20%
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