WHATCOM COUNCIL ON AGING
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$12,567,561
Investments
57%
Property, Plant, & Equipment (net)
38%
Cash & Equivalents
3%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$3,384,835
Notes Payable / Debt (Non-Related)
89%
Payables & Accruals
9%
Deferred Revenue
2%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$393,026
$348,286
-11%
Receivables (Non-Related)
$153,954
$175,702
+14%
Related-Party Receivables
-
-
-
Inventories
$31,294
$32,029
+2%
Prepaid Expenses
$11,356
$33,530
+195%
Investments
$8,013,097
$7,218,251
-10%
Property, Plant, & Equipment (net)
$101,788
$4,759,763
+4576%
Other Assets
-
-
-
Total Assets
$8,704,515
$12,567,561
+44%
Liabilities
2023
2024
Change
Payables & Accruals
$286,456
$308,006
+8%
Grants Payable
-
-
-
Deferred Revenue
$24,626
$52,572
+113%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$3,015,158
-
Related-Party Payables
-
-
-
Other Liabilities
-
$9,099
-
Total Liabilities
$311,082
$3,384,835
+988%
Net assets
2023
2024
Change
Restricted Net Assets
$306,196
$371,219
+21%
Unrestricted Net Assets
$8,087,237
$8,811,507
+9%
Net assets
2023
2024
Change
Net assets
+$8,393,433
+$9,182,726
+9%
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