WESTMORELAND CULTURAL TRUST
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$15,466,128
Property, Plant, & Equipment (net)
82%
Cash & Equivalents
16%
Other Assets
1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Investments
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,724,026
Other Liabilities
65%
Payables & Accruals
14%
Deferred Revenue
13%
Notes Payable / Debt (Non-Related)
8%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,913,828
$2,537,792
-35%
Receivables (Non-Related)
$69,658
$43,511
-38%
Related-Party Receivables
-
-
-
Inventories
$6,114
$8,818
+44%
Prepaid Expenses
$50,111
$17,189
-66%
Investments
$12,013
$13,729
+14%
Property, Plant, & Equipment (net)
$11,913,823
$12,652,631
+6%
Other Assets
$55,677
$192,458
+246%
Total Assets
$16,021,224
$15,466,128
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$224,041
$237,647
+6%
Grants Payable
-
-
-
Deferred Revenue
$325,000
$225,255
-31%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$150,000
$143,346
-4%
Related-Party Payables
-
-
-
Other Liabilities
$1,398,751
$1,117,778
-20%
Total Liabilities
$2,097,792
$1,724,026
-18%
Net assets
2023
2024
Change
Restricted Net Assets
$656,670
$601,515
-8%
Unrestricted Net Assets
$13,266,762
$13,140,587
-1%
Net assets
2023
2024
Change
Net assets
+$13,923,432
+$13,742,102
-1%
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