LAKE SUPERIOR CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,399,945
Property, Plant, & Equipment (net)
65%
Cash & Equivalents
23%
Receivables (Non-Related)
6%
Inventories
4%
Prepaid Expenses
1%
Other Assets
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,049,927
Notes Payable / Debt (Non-Related)
47%
Payables & Accruals
33%
Deferred Revenue
20%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$753,093
$558,883
-26%
Receivables (Non-Related)
$83,710
$138,014
+65%
Related-Party Receivables
-
-
-
Inventories
$115,512
$100,869
-13%
Prepaid Expenses
$33,556
$33,003
-2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,158,057
$1,561,106
+35%
Other Assets
$11,194
$8,070
-28%
Total Assets
$2,155,122
$2,399,945
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$367,898
$343,703
-7%
Grants Payable
-
-
-
Deferred Revenue
$192,942
$205,712
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$642,074
$492,145
-23%
Related-Party Payables
-
-
-
Other Liabilities
$11,432
$8,367
-27%
Total Liabilities
$1,214,346
$1,049,927
-14%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$940,776
$1,350,018
+44%
Net assets
2023
2024
Change
Net assets
+$940,776
+$1,350,018
+44%
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