MERIT AMERICA
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$43,053,154
Cash & Equivalents
96%
Receivables (Non-Related)
2%
Prepaid Expenses
2%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$11,866,741
Notes Payable / Debt (Non-Related)
55%
Deferred Revenue
21%
Payables & Accruals
19%
Other Liabilities
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$28,604,341
$41,323,646
+44%
Receivables (Non-Related)
$1,078,860
$1,019,042
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$705,731
$686,612
-3%
Investments
-
-
-
Property, Plant, & Equipment (net)
$63,578
$23,854
-62%
Other Assets
-
-
-
Total Assets
$30,452,510
$43,053,154
+41%
Liabilities
2023
2024
Change
Payables & Accruals
$1,805,174
$2,291,626
+27%
Grants Payable
-
-
-
Deferred Revenue
$1,222,123
$2,463,219
+102%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,500,000
$6,500,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
$182,084
$611,896
+236%
Total Liabilities
$9,709,381
$11,866,741
+22%
Net assets
2023
2024
Change
Restricted Net Assets
$370,064
$7,897,846
+2034%
Unrestricted Net Assets
$20,373,065
$23,288,567
+14%
Net assets
2023
2024
Change
Net assets
+$20,743,129
+$31,186,413
+50%
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