Legal Aid of Western Michigan
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$5,935,841
Cash & Equivalents
62%
Other Assets
21%
Receivables (Non-Related)
11%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,173,735
Other Liabilities
57%
Payables & Accruals
30%
Deferred Revenue
11%
Custodial & Escrow Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,174,566
$3,676,527
+16%
Receivables (Non-Related)
$851,167
$673,738
-21%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$89,212
$75,504
-15%
Investments
-
-
-
Property, Plant, & Equipment (net)
$341,239
$262,065
-23%
Other Assets
$1,577,483
$1,248,007
-21%
Total Assets
$6,033,667
$5,935,841
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$557,007
$651,517
+17%
Grants Payable
-
-
-
Deferred Revenue
$211,599
$248,131
+17%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$116,349
$39,913
-66%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,476,954
$1,234,174
-16%
Total Liabilities
$2,361,909
$2,173,735
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$285,596
$307,901
+8%
Unrestricted Net Assets
$3,386,162
$3,454,205
+2%
Net assets
2023
2024
Change
Net assets
+$3,671,758
+$3,762,106
+2%
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