ABILITY WORKS INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,781,950
Property, Plant, & Equipment (net)
43%
Cash & Equivalents
38%
Investments
7%
Other Assets
6%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$233,783
Payables & Accruals
84%
Other Liabilities
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
$1,537,829
$1,807,471
+18%
Receivables (Non-Related)
$230,568
$237,314
+3%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$10,945
$13,546
+24%
Investments
$333,803
$356,835
+7%
Property, Plant, & Equipment (net)
$1,689,413
$2,073,943
+23%
Other Assets
$20,646
$292,841
+1318%
Total Assets
$3,823,204
$4,781,950
+25%
Liabilities
2023
2024
Change
Payables & Accruals
$154,781
$197,295
+27%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$19,646
$36,488
+86%
Total Liabilities
$174,427
$233,783
+34%
Net assets
2023
2024
Change
Restricted Net Assets
$2,291
$235,758
+10191%
Unrestricted Net Assets
$3,646,486
$4,312,409
+18%
Net assets
2023
2024
Change
Net assets
+$3,648,777
+$4,548,167
+25%
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