Balance Sheet

Fiscal Year: 2024
Jun 1, 2023 – May 31, 2024
Assets in 2024 (Year End)
$36,057,322
Property, Plant, & Equipment (net)
56%
Investments
24%
Receivables (Non-Related)
10%
Other Assets
9%
Cash & Equivalents
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$16,917,758
Notes Payable / Debt (Non-Related)
42%
Other Liabilities
24%
Tax-Exempt Bond Liabilities
16%
Payables & Accruals
13%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$638,504
$233,184
-63%
Receivables (Non-Related)
$4,270,532
$3,599,575
-16%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$131,447
$167,217
+27%
Investments
$8,925,030
$8,556,680
-4%
Property, Plant, & Equipment (net)
$20,367,152
$20,091,895
-1%
Other Assets
$864,614
$3,408,771
+294%
Total Assets
$35,197,279
$36,057,322
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$2,620,967
$2,233,682
-15%
Grants Payable
-
-
-
Deferred Revenue
$759,672
$926,964
+22%
Tax-Exempt Bond Liabilities
$2,912,975
$2,630,366
-10%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,947,407
$7,071,653
+2%
Related-Party Payables
-
-
-
Other Liabilities
$1,329,993
$4,055,093
+205%
Total Liabilities
$14,571,014
$16,917,758
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$7,471,375
$7,006,634
-6%
Unrestricted Net Assets
$13,154,890
$12,132,930
-8%
Net assets
2023
2024
Change
Net assets
+$20,626,265
+$19,139,564
-7%