North Iowa Community Action Organization
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$6,387,495
Cash & Equivalents
39%
Property, Plant, & Equipment (net)
37%
Receivables (Non-Related)
20%
Prepaid Expenses
3%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,541,978
Payables & Accruals
36%
Notes Payable / Debt (Non-Related)
33%
Deferred Revenue
31%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,264,159
$2,518,573
+11%
Receivables (Non-Related)
$1,252,223
$1,292,141
+3%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$167,694
$191,996
+14%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$2,394,023
$2,337,388
-2%
Other Assets
$48,945
$47,397
-3%
Total Assets
$6,127,044
$6,387,495
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$517,450
$558,184
+8%
Grants Payable
-
-
-
Deferred Revenue
$527,196
$476,710
-10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$573,879
$507,084
-12%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,618,525
$1,541,978
-5%
Net assets
2023
2024
Change
Restricted Net Assets
$894,674
$1,065,463
+19%
Unrestricted Net Assets
$3,613,845
$3,780,054
+5%
Net assets
2023
2024
Change
Net assets
+$4,508,519
+$4,845,517
+7%
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