MID-MICHIGAN INDUSTRIES INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$5,069,121
Program Services
85%
Government Grants
7%
Other
6%
Contributions
1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,152,957
Salaries & Benefits
78%
Other
10%
Offices, Occupancy & IT
7%
Depreciation
3%
Interest
<1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$97,263
$69,928
-28%
Government Grants
$449,060
$330,178
-26%
Fundraising Events
$0
$0
-
Program Services
$5,418,599
$4,308,718
-20%
Membership Dues
$0
$0
-
Investments
$22,679
$38,370
+69%
Other
$321,411
$321,927
+0%
Total Revenues
$6,309,012
$5,069,121
-20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,934,686
$4,802,964
-3%
Fees to Service Providers
$24,250
$28,601
+18%
Advertising & Promotion
$148,806
$31,560
-79%
Offices, Occupancy & IT
$411,621
$433,795
+5%
Interest
$14,181
$36,939
+160%
Depreciation
$207,688
$205,189
-1%
Other
$613,108
$613,909
+0%
Total Expenses
$6,354,340
$6,152,957
-3%
Net income
2023
2024
Change
Net income
-$45,328
-$1,083,836
-2291%
Functional Expenses
Summary
2023
2024
Change
Program
$5,278,551
$5,470,842
+4%
Admin
$1,075,789
$682,115
-37%
Fundraising
$0
$0
-
Total Expenses
$6,354,340
$6,152,957
-3%
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