LAKE AREA FREE CLINIC INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,820,656
Cash & Equivalents
36%
Investments
28%
Other Assets
15%
Receivables (Non-Related)
12%
Property, Plant, & Equipment (net)
7%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$770,222
Other Liabilities
78%
Payables & Accruals
22%
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
$1,278,739
$1,388,293
+9%
Receivables (Non-Related)
$344,967
$465,198
+35%
Related-Party Receivables
-
-
-
Inventories
$17,130
$11,188
-35%
Prepaid Expenses
$7,722
$13,334
+73%
Investments
$524,491
$1,071,168
+104%
Property, Plant, & Equipment (net)
$321,631
$285,913
-11%
Other Assets
$275,627
$585,562
+112%
Total Assets
$2,770,307
$3,820,656
+38%
Liabilities
2023
2024
Change
Payables & Accruals
$124,602
$171,573
+38%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$283,800
$598,649
+111%
Total Liabilities
$408,402
$770,222
+89%
Net assets
2023
2024
Change
Restricted Net Assets
$217,505
$409,034
+88%
Unrestricted Net Assets
$2,144,400
$2,641,400
+23%
Net assets
2023
2024
Change
Net assets
+$2,361,905
+$3,050,434
+29%
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