HEALTH ALLIANCE PLAN OF MICHIGANPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$703,335,429
Cash & Equivalents
41%
Investments
29%
Receivables (Non-Related)
13%
Property, Plant, & Equipment (net)
8%
Other Assets
7%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$332,309,199
Other Liabilities
74%
Payables & Accruals
21%
Deferred Revenue
5%
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
$271,014,341
$290,103,634
+7%
Receivables (Non-Related)
$79,552,575
$92,831,563
+17%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,601,849
$14,423,853
-1%
Investments
$88,836,370
$206,139,552
+132%
Property, Plant, & Equipment (net)
$58,658,261
$53,566,710
-9%
Other Assets
$155,960,116
$46,270,117
-70%
Total Assets
$668,623,512
$703,335,429
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$67,198,955
$68,495,921
+2%
Grants Payable
-
-
-
Deferred Revenue
$14,563,052
$17,683,769
+21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$253,314,510
$246,129,509
-3%
Total Liabilities
$335,076,517
$332,309,199
-1%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$333,546,995
$371,026,230
+11%
Net assets
2023
2024
Change
Net assets
+$333,546,995
+$371,026,230
+11%
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