WEST MICHIGAN CANCER CENTER
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$38,172,182
Cash & Equivalents
54%
Property, Plant, & Equipment (net)
31%
Investments
5%
Other Assets
5%
Receivables (Non-Related)
3%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,409,131
Payables & Accruals
55%
Other Liabilities
45%
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
$19,666,450
$20,785,663
+6%
Receivables (Non-Related)
$1,822,134
$1,310,102
-28%
Related-Party Receivables
-
-
-
Inventories
$11,092
$15,662
+41%
Prepaid Expenses
$912,317
$536,666
-41%
Investments
$1,557,447
$1,998,332
+28%
Property, Plant, & Equipment (net)
$13,044,168
$11,773,388
-10%
Other Assets
$1,590,440
$1,752,369
+10%
Total Assets
$38,604,048
$38,172,182
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$2,692,033
$2,410,799
-10%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,557,447
$1,998,332
+28%
Total Liabilities
$4,249,480
$4,409,131
+4%
Net assets
2023
2024
Change
Restricted Net Assets
$1,576,286
$1,915,897
+22%
Unrestricted Net Assets
$32,778,282
$31,847,154
-3%
Net assets
2023
2024
Change
Net assets
+$34,354,568
+$33,763,051
-2%
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