Inspiration Corporation
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$3,075,780
Property, Plant, & Equipment (net)
43%
Receivables (Non-Related)
35%
Other Assets
13%
Cash & Equivalents
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$859,928
Other Liabilities
49%
Payables & Accruals
29%
Notes Payable / Debt (Non-Related)
22%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$998,434
$258,906
-74%
Receivables (Non-Related)
$1,163,838
$1,074,699
-8%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,694
$19,934
+1%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,309,263
$1,328,794
+1%
Other Assets
$132,946
$393,447
+196%
Total Assets
$3,624,175
$3,075,780
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$246,442
$251,173
+2%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$190,280
$185,336
-3%
Related-Party Payables
-
-
-
Other Liabilities
$163,136
$423,419
+160%
Total Liabilities
$599,858
$859,928
+43%
Net assets
2023
2024
Change
Restricted Net Assets
$914,579
$345,000
-62%
Unrestricted Net Assets
$2,109,738
$1,870,852
-11%
Net assets
2023
2024
Change
Net assets
+$3,024,317
+$2,215,852
-27%
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