MYMICHIGAN HEALTH
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,564,115,455
Investments
95%
Property, Plant, & Equipment (net)
3%
Prepaid Expenses
<1%
Cash & Equivalents
<1%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$268,599,100
Other Liabilities
75%
Payables & Accruals
25%
Deferred Revenue
<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
$2,071,085
$14,424,840
+596%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$17,097,266
$14,829,117
-13%
Investments
$1,309,661,594
$1,489,273,080
+14%
Property, Plant, & Equipment (net)
$34,712,371
$40,211,589
+16%
Other Assets
$5,466,779
$5,376,829
-2%
Total Assets
$1,369,009,095
$1,564,115,455
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$47,897,538
$67,554,782
+41%
Grants Payable
-
-
-
Deferred Revenue
$212,588
$181,449
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$225,854,256
$200,862,869
-11%
Total Liabilities
$273,964,382
$268,599,100
-2%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,095,044,713
$1,295,516,355
+18%
Net assets
2023
2024
Change
Net assets
+$1,095,044,713
+$1,295,516,355
+18%
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