DETROIT OPERA
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$49,591,867
Property, Plant, & Equipment (net)
80%
Receivables (Non-Related)
8%
Cash & Equivalents
6%
Investments
4%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$9,342,013
Notes Payable / Debt (Non-Related)
69%
Other Liabilities
12%
Deferred Revenue
11%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,666,109
$2,876,530
+8%
Receivables (Non-Related)
$4,111,081
$3,751,021
-9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$186,058
$102,256
-45%
Investments
$1,960,800
$2,204,978
+12%
Property, Plant, & Equipment (net)
$41,679,102
$39,656,540
-5%
Other Assets
$1,115,140
$1,000,542
-10%
Total Assets
$51,718,290
$49,591,867
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$590,313
$858,421
+45%
Grants Payable
-
-
-
Deferred Revenue
$803,529
$1,001,214
+25%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,572,823
$6,399,945
-3%
Related-Party Payables
-
-
-
Other Liabilities
$1,207,659
$1,082,433
-10%
Total Liabilities
$9,174,324
$9,342,013
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$8,867,071
$10,821,859
+22%
Unrestricted Net Assets
$33,676,895
$29,427,995
-13%
Net assets
2023
2024
Change
Net assets
+$42,543,966
+$40,249,854
-5%
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