MID-MICHIGAN INDUSTRIES INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$3,604,699
Property, Plant, & Equipment (net)
48%
Receivables (Non-Related)
20%
Investments
15%
Cash & Equivalents
10%
Prepaid Expenses
3%
Other Assets
2%
Inventories
2%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,194,374
Notes Payable / Debt (Non-Related)
74%
Payables & Accruals
25%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,335,620
$375,219
-72%
Receivables (Non-Related)
$816,675
$736,885
-10%
Related-Party Receivables
-
-
-
Inventories
$45,953
$55,956
+22%
Prepaid Expenses
$126,257
$99,144
-21%
Investments
$482,019
$552,409
+15%
Property, Plant, & Equipment (net)
$1,442,100
$1,728,282
+20%
Other Assets
$49,171
$56,804
+16%
Total Assets
$4,297,795
$3,604,699
-16%
Liabilities
2023
2024
Change
Payables & Accruals
$278,494
$302,849
+9%
Grants Payable
-
-
-
Deferred Revenue
$2,000
$2,000
+0%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$584,936
$889,525
+52%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$865,430
$1,194,374
+38%
Net assets
2023
2024
Change
Restricted Net Assets
$9,000
-
-
Unrestricted Net Assets
$3,423,365
$2,410,325
-30%
Net assets
2023
2024
Change
Net assets
+$3,432,365
+$2,410,325
-30%
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