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MHEC FINANCIALS
JULY 1, 2017 - JUNE 30, 2018
ASSETS LIABILITIES AND NET ASSETS
CURRENT ASSETS CURRENT LIABILITIES
Cash $1,579,061 Accounts Payable and accrued $111,169
expenses
Certificates of Deposit 242,335 Deferred revenue 159,500
Contract Service Fees 579,975 Total liabilities 270,669
Receivable
Prepaid Expense 37,155
Total Current Assets 2,438,526
NET ASSETS
INVESTMENTS 2,498,144 Unrestricted net assets 4,717,718
PROPERTY AND EQUIPMENT, 51,717
NET
Total Assets $4,988,387 Total Liabilities and Net Assets $4,988,387
