EXPERIMENTAL AIRCRAFT ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Mar 1
Assets in 2025 (Year End)
$91,798,106
Property, Plant, & Equipment (net)
38%
Investments
24%
Other Assets
23%
Cash & Equivalents
11%
Prepaid Expenses
2%
Inventories
2%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$48,496,523
Deferred Revenue
45%
Other Liabilities
42%
Payables & Accruals
9%
Tax-Exempt Bond Liabilities
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$8,877,861
$10,271,653
+16%
Receivables (Non-Related)
$572,400
$494,922
-14%
Related-Party Receivables
-
-
-
Inventories
$1,310,563
$1,512,694
+15%
Prepaid Expenses
$1,840,476
$1,709,000
-7%
Investments
$20,645,968
$22,219,129
+8%
Property, Plant, & Equipment (net)
$32,833,192
$34,426,024
+5%
Other Assets
$31,713,349
$21,164,684
-33%
Total Assets
$97,793,809
$91,798,106
-6%
Liabilities
2024
2025
Change
Payables & Accruals
$6,563,260
$4,202,159
-36%
Grants Payable
-
-
-
Deferred Revenue
$20,719,736
$21,772,612
+5%
Tax-Exempt Bond Liabilities
$2,800,000
$2,200,000
-21%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$29,991,637
$20,321,752
-32%
Total Liabilities
$60,074,633
$48,496,523
-19%
Net assets
2024
2025
Change
Restricted Net Assets
$1,022,009
$912,182
-11%
Unrestricted Net Assets
$36,697,167
$42,389,401
+16%
Net assets
2024
2025
Change
Net assets
+$37,719,176
+$43,301,583
+15%
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