NORTHWEST MICHIGAN WORKS INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$2,106,023
Receivables (Non-Related)
49%
Cash & Equivalents
44%
Prepaid Expenses
6%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$860,534
Deferred Revenue
52%
Payables & Accruals
48%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$870,252
$933,600
+7%
Receivables (Non-Related)
$957,765
$1,037,138
+8%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$64,758
$135,285
+109%
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$1,892,775
$2,106,023
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$326,199
$412,937
+27%
Grants Payable
-
-
-
Deferred Revenue
$344,415
$447,597
+30%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$670,614
$860,534
+28%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$1,222,161
+$1,245,489
+2%
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