Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$49,607,336
Receivables (Non-Related)
57%
Cash & Equivalents
40%
Investments
2%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$33,987,519
Notes Payable / Debt (Non-Related)
>99%
Payables & Accruals
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,838,400
$19,909,342
+44%
Receivables (Non-Related)
$27,526,160
$28,131,861
+2%
Related-Party Receivables
-
$0
-
Inventories
-
$0
-
Prepaid Expenses
$122,243
$37,484
-69%
Investments
-
$831,432
-
Property, Plant, & Equipment (net)
$745,995
$697,217
-7%
Other Assets
$3,850
$0
-100%
Total Assets
$42,236,648
$49,607,336
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$69,442
$121,391
+75%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$29,268,539
$33,866,128
+16%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$29,337,981
$33,987,519
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$3,592,170
$4,409,200
+23%
Unrestricted Net Assets
$9,306,497
$11,210,617
+20%
Net assets
2023
2024
Change
Net assets
+$12,898,667
+$15,619,817
+21%