HORIZON EDUCATION CENTERS
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$25,760,648
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
14%
Receivables (Non-Related)
6%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$14,467,177
Notes Payable / Debt (Non-Related)
87%
Payables & Accruals
8%
Other Liabilities
4%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,139,986
$3,566,676
-14%
Receivables (Non-Related)
$1,400,064
$1,428,180
+2%
Related-Party Receivables
-
-
-
Inventories
$38,101
$11,035
-71%
Prepaid Expenses
$56,701
$24,835
-56%
Investments
-
-
-
Property, Plant, & Equipment (net)
$20,145,400
$20,133,430
0%
Other Assets
$566,108
$596,492
+5%
Total Assets
$26,346,360
$25,760,648
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,236,390
$1,159,990
-6%
Grants Payable
-
-
-
Deferred Revenue
$800,264
$218,875
-73%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$13,028,861
$12,543,140
-4%
Related-Party Payables
-
-
-
Other Liabilities
$615,529
$545,172
-11%
Total Liabilities
$15,681,044
$14,467,177
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$17,712
$16,078
-9%
Unrestricted Net Assets
$10,647,604
$11,277,393
+6%
Net assets
2023
2024
Change
Net assets
+$10,665,316
+$11,293,471
+6%
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