MACKINAC ASSOCIATES
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2025 (Year End)
$2,331,101
Cash & Equivalents
51%
Investments
46%
Receivables (Non-Related)
3%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Property, Plant, & Equipment (net)
0%
Other Assets
0%
Liabilities in 2025 (Year End)
$46,583
Payables & Accruals
93%
Deferred Revenue
7%
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
2024
2025
Change
Cash & Equivalents
$1,322,343
$1,178,608
-11%
Receivables (Non-Related)
$44,873
$79,684
+78%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$975,318
$1,072,809
+10%
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
-
-
Total Assets
$2,342,534
$2,331,101
0%
Liabilities
2024
2025
Change
Payables & Accruals
$54,712
$43,331
-21%
Grants Payable
-
-
-
Deferred Revenue
$8,564
$3,252
-62%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$63,276
$46,583
-26%
Net assets
2024
2025
Change
Restricted Net Assets
$1,389,006
$1,404,095
+1%
Unrestricted Net Assets
$890,252
$880,423
-1%
Net assets
2024
2025
Change
Net assets
+$2,279,258
+$2,284,518
+0%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)