Balance Sheet

Fiscal Year: 2025
Apr 1, 2024 – Mar 31, 2025
Assets in 2025 (Year End)
$66,608,111
Property, Plant, & Equipment (net)
63%
Investments
30%
Cash & Equivalents
3%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$43,718,225
Notes Payable / Debt (Non-Related)
51%
Other Liabilities
36%
Deferred Revenue
7%
Payables & Accruals
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$4,595,450
$2,268,335
-51%
Receivables (Non-Related)
$131,792
$444,544
+237%
Related-Party Receivables
-
-
-
Inventories
$44,764
$33,388
-25%
Prepaid Expenses
$671,859
$1,448,397
+116%
Investments
$27,252,532
$20,071,493
-26%
Property, Plant, & Equipment (net)
$41,193,744
$42,253,142
+3%
Other Assets
$187,099
$88,812
-53%
Total Assets
$74,077,240
$66,608,111
-10%
Liabilities
2024
2025
Change
Payables & Accruals
$3,807,149
$2,582,044
-32%
Grants Payable
-
-
-
Deferred Revenue
$2,784,625
$3,170,498
+14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$30,449,027
$22,167,726
-27%
Related-Party Payables
-
-
-
Other Liabilities
$11,509,711
$15,797,957
+37%
Total Liabilities
$48,550,512
$43,718,225
-10%
Net assets
2024
2025
Change
Restricted Net Assets
$13,907,436
$10,641,722
-23%
Unrestricted Net Assets
$11,619,292
$12,248,164
+5%
Net assets
2024
2025
Change
Net assets
+$25,526,728
+$22,889,886
-10%