MedAssist of Mecklenburg DBA NC Medassist
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,080,650
Inventories
43%
Cash & Equivalents
42%
Other Assets
8%
Receivables (Non-Related)
4%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,710,998
Other Liabilities
72%
Payables & Accruals
16%
Deferred Revenue
12%
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
$6,426,902
$5,452,398
-15%
Receivables (Non-Related)
$916,305
$586,759
-36%
Related-Party Receivables
$0
$0
-
Inventories
$4,631,327
$5,563,024
+20%
Prepaid Expenses
$41,865
$59,601
+42%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$380,826
$320,832
-16%
Other Assets
$1,324,042
$1,098,036
-17%
Total Assets
$13,721,267
$13,080,650
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$301,626
$267,584
-11%
Grants Payable
-
-
-
Deferred Revenue
$305,500
$207,000
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,463,898
$1,236,414
-16%
Total Liabilities
$2,071,024
$1,710,998
-17%
Net assets
2023
2024
Change
Restricted Net Assets
$691,395
$1,309,945
+89%
Unrestricted Net Assets
$10,958,848
$10,059,707
-8%
Net assets
2023
2024
Change
Net assets
+$11,650,243
+$11,369,652
-2%
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