MICHIGAN NONPROFIT ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$6,564,556
Cash & Equivalents
51%
Other Assets
28%
Receivables (Non-Related)
10%
Investments
10%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$1,979,794
Other Liabilities
80%
Payables & Accruals
13%
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%
Assets
2023
2024
Change
Cash & Equivalents
$2,945,971
$3,344,658
+14%
Receivables (Non-Related)
$2,875,012
$675,082
-77%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$45,883
$45,481
-1%
Investments
$499,999
$666,666
+33%
Property, Plant, & Equipment (net)
$0
$0
-
Other Assets
$2,422,336
$1,832,669
-24%
Total Assets
$8,789,201
$6,564,556
-25%
Liabilities
2023
2024
Change
Payables & Accruals
$128,906
$265,777
+106%
Grants Payable
-
-
-
Deferred Revenue
$154,109
$136,688
-11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,179,619
$1,577,329
-28%
Total Liabilities
$2,462,634
$1,979,794
-20%
Net assets
2023
2024
Change
Restricted Net Assets
$2,687,261
$572,780
-79%
Unrestricted Net Assets
$3,639,306
$4,011,982
+10%
Net assets
2023
2024
Change
Net assets
+$6,326,567
+$4,584,762
-28%
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