Victory Academy Inc
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$8,646,200
Property, Plant, & Equipment (net)
68%
Other Assets
15%
Cash & Equivalents
13%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$2,846,320
Notes Payable / Debt (Non-Related)
72%
Payables & Accruals
17%
Deferred Revenue
7%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$782,310
$1,156,960
+48%
Receivables (Non-Related)
$184,630
$224,087
+21%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$68,420
$72,579
+6%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$6,066,534
$5,922,413
-2%
Other Assets
$40,380
$1,270,161
+3046%
Total Assets
$7,142,274
$8,646,200
+21%
Liabilities
2023
2024
Change
Payables & Accruals
$264,525
$496,759
+88%
Grants Payable
-
-
-
Deferred Revenue
$229,362
$211,487
-8%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,169,228
$2,055,724
-5%
Related-Party Payables
-
-
-
Other Liabilities
$40,380
$82,350
+104%
Total Liabilities
$2,703,495
$2,846,320
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$376,548
$459,690
+22%
Unrestricted Net Assets
$4,062,231
$5,340,190
+31%
Net assets
2023
2024
Change
Net assets
+$4,438,779
+$5,799,880
+31%
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