NAFCU AND AFFILIATES CONSOLIDATED STATEMENTS OF FINANCIAL POSITION | 12.31.2022 & 2021 Liabilities and Net Assets LIABILITIES ACCOUNTS PAYABLE AND ACCRUED EXPENSES $ 2,701,690 $ 2,765,193 DEFERRED REVENUE 12,599,162 11,584,086 TENANT DEPOSITS 14,349 14,349 DEFERRED COMPENSATION LIABILITY 495,399 455,958 LEASE LIABILITIES - FINANCE LEASES 115,275 - TOTAL LIABILITIES $ 15,925,875 $ 14,819,586 NET ASSETS WITHOUT DONOR RESTRICTIONS $ 15,541,484 $ 14,858,354 WITH DONOR RESTRICTIONS 3,393,003 2,882,626 TOTAL NET ASSETS $ 18,934,487 $ 17,740,980 TOTAL LIABILITIES AND NET ASSETS $ 34,860,362 $ 32,560,566 Activities without donor restrictions REVENUE AND SUPPORT MEMBERSHIP DUES $ 14,132,944 $ 12,862,783 MEMBERSHIP EDUCATION AND TRAINING 4,349,769 3,203,011 SERVICE FEES 2,598,694 2,596,311 ADVERTISING 152,721 137,430 INTEREST AND DIVIDEND INCOME, NET OF FEES 291,966 212,623 RENTAL INCOME 206,552 194,247 OTHER 217,154 353,022 PRODUCTS AND SERVICES 79,719 101,369 NET ASSETS RELEASED FROM RESTRICTIONS 806,189 695,165 TOTAL REVENUE AND SUPPORT $ 22,835,708 $ 20,355,961 2022 2021 CASH AND CASH EQUIVALENTS $ 9,247,564 $ 7,110,582 ACCOUNTS RECEIVABLE 244,390 471,151 PREPAID EXPENSES AND OTHER ASSETS 640,433 477,422 INVESTMENTS 19,029,625 18,649,343 DEFERRED COMPENSATION INVESTMENTS 385,342 376,399 ROU ASSETS - FINANCE LEASES 115,275 - PROPERTY AND EQUIPMENT, NET 2,565,481 2,862,894 OTHER ASSETS 2,632,252 2,612,775 TOTAL ASSETS $ 34,860,362 $ 32,560,566 Assets 30 THE NAFCU JOURNAL July–August 2023
RkJQdWJsaXNoZXIy MTY1NDIzOQ==