FEEDING AMERICA WEST MICHIGAN
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$31,928,917
Property, Plant, & Equipment (net)
70%
Cash & Equivalents
12%
Inventories
11%
Investments
4%
Receivables (Non-Related)
1%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$2,390,045
Payables & Accruals
90%
Other Liabilities
6%
Deferred Revenue
4%
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
$8,677,602
$3,913,264
-55%
Receivables (Non-Related)
$1,385,216
$433,506
-69%
Related-Party Receivables
-
-
-
Inventories
$3,671,235
$3,564,903
-3%
Prepaid Expenses
$94,510
$32,520
-66%
Investments
$1,252,482
$1,433,263
+14%
Property, Plant, & Equipment (net)
$12,904,317
$22,416,731
+74%
Other Assets
$107,401
$134,730
+25%
Total Assets
$28,092,763
$31,928,917
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$596,345
$2,152,948
+261%
Grants Payable
-
-
-
Deferred Revenue
$88,186
$102,367
+16%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$75,765
$134,730
+78%
Total Liabilities
$760,296
$2,390,045
+214%
Net assets
2023
2024
Change
Restricted Net Assets
$9,191,210
$11,252,020
+22%
Unrestricted Net Assets
$18,141,257
$18,286,852
+1%
Net assets
2023
2024
Change
Net assets
+$27,332,467
+$29,538,872
+8%
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