MICHIGAN FEDERATION FOR CHILDREN AND FAMILIES
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$515,738
Cash & Equivalents
72%
Other Assets
13%
Receivables (Non-Related)
12%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$201,613
Payables & Accruals
65%
Other Liabilities
35%
Grants Payable
0%
Deferred Revenue
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
$237,405
$369,801
+56%
Receivables (Non-Related)
$119,068
$63,238
-47%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$5,558
$5,179
-7%
Investments
-
-
-
Property, Plant, & Equipment (net)
$12,516
$8,243
-34%
Other Assets
$98,126
$69,277
-29%
Total Assets
$472,673
$515,738
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$71,876
$130,580
+82%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$99,392
$71,033
-29%
Total Liabilities
$171,268
$201,613
+18%
Net assets
2023
2024
Change
Restricted Net Assets
$242,835
$164,355
-32%
Unrestricted Net Assets
$58,570
$149,770
+156%
Net assets
2023
2024
Change
Net assets
+$301,405
+$314,125
+4%
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