Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$208,391,097
Receivables (Non-Related)
41%
Property, Plant, & Equipment (net)
30%
Cash & Equivalents
15%
Investments
11%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$122,560,479
Notes Payable / Debt (Non-Related)
56%
Deferred Revenue
35%
Payables & Accruals
8%
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
$13,661,759
$31,962,903
+134%
Receivables (Non-Related)
$78,596,937
$85,317,246
+9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$441,130
$414,741
-6%
Investments
$22,097,921
$23,508,492
+6%
Property, Plant, & Equipment (net)
$65,342,718
$61,619,203
-6%
Other Assets
$6,556,268
$5,568,512
-15%
Total Assets
$186,696,733
$208,391,097
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$12,771,419
$10,391,046
-19%
Grants Payable
-
-
-
Deferred Revenue
$38,624,151
$42,918,298
+11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$75,319,145
$68,201,291
-9%
Related-Party Payables
-
-
-
Other Liabilities
$1,042,002
$1,049,844
+1%
Total Liabilities
$127,756,717
$122,560,479
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$310,000
$310,000
+0%
Unrestricted Net Assets
$58,630,016
$85,520,618
+46%
Net assets
2023
2024
Change
Net assets
+$58,940,016
+$85,830,618
+46%