MINNESOTA ASSISTANCE COUNCIL FOR VETERANS
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$37,588,544
Property, Plant, & Equipment (net)
72%
Cash & Equivalents
14%
Investments
8%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$8,149,451
Notes Payable / Debt (Non-Related)
48%
Other Liabilities
25%
Payables & Accruals
15%
Deferred Revenue
12%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,805,788
$5,329,647
-8%
Receivables (Non-Related)
$2,093,703
$2,127,056
+2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$251,594
$265,964
+6%
Investments
$2,737,630
$2,934,599
+7%
Property, Plant, & Equipment (net)
$21,496,758
$26,879,923
+25%
Other Assets
$38,336
$51,355
+34%
Total Assets
$32,423,809
$37,588,544
+16%
Liabilities
2023
2024
Change
Payables & Accruals
$1,466,889
$1,249,228
-15%
Grants Payable
-
-
-
Deferred Revenue
$1,965,844
$985,614
-50%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,249,179
$3,892,798
+20%
Related-Party Payables
-
-
-
Other Liabilities
$1,644,715
$2,021,811
+23%
Total Liabilities
$8,326,627
$8,149,451
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$4,809,347
$5,831,693
+21%
Unrestricted Net Assets
$19,287,835
$23,607,400
+22%
Net assets
2023
2024
Change
Net assets
+$24,097,182
+$29,439,093
+22%
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