Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$26,653,408
Property, Plant, & Equipment (net)
48%
Other Assets
22%
Cash & Equivalents
15%
Receivables (Non-Related)
13%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$28,707,552
Notes Payable / Debt (Non-Related)
57%
Grants Payable
27%
Payables & Accruals
8%
Other Liabilities
6%
Custodial & Escrow Liabilities
1%
Deferred Revenue
<1%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,864,775
$4,015,040
+115%
Receivables (Non-Related)
$2,796,986
$3,444,905
+23%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$455,343
$480,771
+6%
Investments
-
-
-
Property, Plant, & Equipment (net)
$13,476,603
$12,739,401
-5%
Other Assets
$6,026,647
$5,973,291
-1%
Total Assets
$24,620,354
$26,653,408
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$3,776,296
$2,318,075
-39%
Grants Payable
$7,720,000
$7,720,000
+0%
Deferred Revenue
$53,923
$46,543
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$218,664
$313,477
+43%
Notes Payable / Debt (Non-Related)
$17,155,955
$16,494,126
-4%
Related-Party Payables
-
-
-
Other Liabilities
$1,993,423
$1,815,331
-9%
Total Liabilities
$30,918,261
$28,707,552
-7%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$6,297,907
-$2,054,144
+67%
Net assets
2023
2024
Change
Net assets
-$6,297,907
-$2,054,144
+67%