MICHIGAN PRIMARY CARE ASSOCIATION
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$40,891,367
Cash & Equivalents
88%
Receivables (Non-Related)
11%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$32,756,289
Deferred Revenue
66%
Payables & Accruals
33%
Other Liabilities
<1%
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
$30,578,277
$35,823,637
+17%
Receivables (Non-Related)
$5,071,033
$4,376,607
-14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$194,441
$66,879
-66%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,124,042
-
-
Other Assets
$317,506
$624,244
+97%
Total Assets
$38,285,299
$40,891,367
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$9,359,931
$10,965,491
+17%
Grants Payable
-
-
-
Deferred Revenue
$20,641,473
$21,491,818
+4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,172,500
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
$298,980
-
Total Liabilities
$31,173,904
$32,756,289
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$875,911
$818,707
-7%
Unrestricted Net Assets
$6,235,484
$7,316,371
+17%
Net assets
2023
2024
Change
Net assets
+$7,111,395
+$8,135,078
+14%
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