MENTAL HEALTH FOUNDATION OF WEST MICHIGAN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$2,912,965
Investments
50%
Other Assets
15%
Property, Plant, & Equipment (net)
15%
Cash & Equivalents
13%
Receivables (Non-Related)
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$383,400
Other Liabilities
58%
Payables & Accruals
29%
Deferred Revenue
13%
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
$503,144
$364,159
-28%
Receivables (Non-Related)
$379,747
$225,372
-41%
Related-Party Receivables
-
-
-
Inventories
$0
-
-
Prepaid Expenses
$3,779
$3,684
-3%
Investments
$1,322,840
$1,458,850
+10%
Property, Plant, & Equipment (net)
$471,876
$428,618
-9%
Other Assets
$439,574
$432,282
-2%
Total Assets
$3,120,960
$2,912,965
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$97,187
$111,405
+15%
Grants Payable
-
-
-
Deferred Revenue
$57,067
$48,293
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$252,622
$223,702
-11%
Total Liabilities
$406,876
$383,400
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$1,542,416
$1,676,675
+9%
Unrestricted Net Assets
$1,171,668
$852,890
-27%
Net assets
2023
2024
Change
Net assets
+$2,714,084
+$2,529,565
-7%
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