NORTHWEST MICHIGAN COMMUNITY ACTION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$9,788,574
Cash & Equivalents
36%
Receivables (Non-Related)
31%
Other Assets
12%
Property, Plant, & Equipment (net)
11%
Investments
6%
Inventories
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,848,477
Payables & Accruals
47%
Other Liabilities
40%
Deferred Revenue
13%
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
$3,485,883
$3,567,720
+2%
Receivables (Non-Related)
$2,567,031
$3,021,346
+18%
Related-Party Receivables
-
-
-
Inventories
$365,235
$375,570
+3%
Prepaid Expenses
$98,374
$60,879
-38%
Investments
$488,275
$557,415
+14%
Property, Plant, & Equipment (net)
$1,083,673
$1,070,988
-1%
Other Assets
$1,234,382
$1,134,656
-8%
Total Assets
$9,322,853
$9,788,574
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$1,105,979
$1,332,200
+20%
Grants Payable
-
-
-
Deferred Revenue
$358,219
$363,476
+1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,270,143
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$1,152,801
-
Total Liabilities
$2,734,341
$2,848,477
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$1,718,180
$2,117,832
+23%
Unrestricted Net Assets
$4,870,332
$4,822,265
-1%
Net assets
2023
2024
Change
Net assets
+$6,588,512
+$6,940,097
+5%
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