UNITED STATES SAILING ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$13,812,749
Receivables (Non-Related)
77%
Other Assets
12%
Cash & Equivalents
4%
Investments
3%
Inventories
2%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$11,151,477
Payables & Accruals
68%
Deferred Revenue
17%
Other Liabilities
9%
Related-Party Payables
4%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,206,160
$597,145
-50%
Receivables (Non-Related)
$10,609,377
$10,702,705
+1%
Related-Party Receivables
-
-
-
Inventories
$166,888
$262,908
+58%
Prepaid Expenses
-
-
-
Investments
$1,025,280
$420,234
-59%
Property, Plant, & Equipment (net)
$562,032
$198,727
-65%
Other Assets
$1,551,104
$1,631,030
+5%
Total Assets
$15,120,841
$13,812,749
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$6,563,157
$7,595,530
+16%
Grants Payable
-
-
-
Deferred Revenue
$1,703,543
$1,884,881
+11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$312,011
-
Related-Party Payables
-
$400,000
-
Other Liabilities
$1,093,042
$959,055
-12%
Total Liabilities
$9,359,742
$11,151,477
+19%
Net assets
2023
2024
Change
Restricted Net Assets
$428,921
$1,045,909
+144%
Unrestricted Net Assets
$5,332,178
$1,615,363
-70%
Net assets
2023
2024
Change
Net assets
+$5,761,099
+$2,661,272
-54%
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