SOMERCOR 504 INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$5,000,965
Cash & Equivalents
58%
Other Assets
31%
Receivables (Non-Related)
4%
Prepaid Expenses
3%
Property, Plant, & Equipment (net)
3%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,312,068
Other Liabilities
55%
Payables & Accruals
39%
Deferred Revenue
5%
Grants Payable
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
$2,250,932
$2,923,042
+30%
Receivables (Non-Related)
$817,832
$210,335
-74%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$165,488
$164,611
-1%
Investments
-
-
-
Property, Plant, & Equipment (net)
$166,092
$160,937
-3%
Other Assets
$1,221,517
$1,542,040
+26%
Total Assets
$4,621,861
$5,000,965
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$621,688
$906,908
+46%
Grants Payable
-
-
-
Deferred Revenue
$166,758
$122,547
-27%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,304,871
$1,282,613
-2%
Total Liabilities
$2,093,317
$2,312,068
+10%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,528,544
$2,688,897
+6%
Net assets
2023
2024
Change
Net assets
+$2,528,544
+$2,688,897
+6%
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