THE SUMMIT MEDICAL FITNESS CENTER
Balance Sheet
Fiscal Year Start:
Apr 1
Assets in 2024 (Year End)
$6,444,776
Property, Plant, & Equipment (net)
68%
Other Assets
15%
Cash & Equivalents
10%
Receivables (Non-Related)
7%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,045,081
Other Liabilities
84%
Payables & Accruals
16%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$743,182
$644,773
-13%
Receivables (Non-Related)
$357,981
$430,499
+20%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,384
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$4,587,449
$4,375,966
-5%
Other Assets
$502,063
$993,538
+98%
Total Assets
$6,192,059
$6,444,776
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$537,625
$663,995
+24%
Grants Payable
-
-
-
Deferred Revenue
$198,054
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,206,360
$3,381,086
+53%
Total Liabilities
$2,942,039
$4,045,081
+37%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$3,250,020
$2,399,695
-26%
Net assets
2023
2024
Change
Net assets
+$3,250,020
+$2,399,695
-26%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)