RED WING ARTS ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$482,007
Receivables (Non-Related)
44%
Cash & Equivalents
36%
Other Assets
13%
Investments
5%
Property, Plant, & Equipment (net)
3%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$542,088
Notes Payable / Debt (Non-Related)
83%
Other Liabilities
9%
Payables & Accruals
6%
Deferred Revenue
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$146,414
$171,146
+17%
Receivables (Non-Related)
$45,733
$211,022
+361%
Related-Party Receivables
-
-
-
Inventories
$3,703
-
-
Prepaid Expenses
$3,583
-
-
Investments
-
$21,943
-
Property, Plant, & Equipment (net)
$32,293
$16,812
-48%
Other Assets
$50,911
$61,084
+20%
Total Assets
$282,637
$482,007
+71%
Liabilities
2023
2024
Change
Payables & Accruals
$78,510
$33,388
-57%
Grants Payable
-
-
-
Deferred Revenue
$1,102
$7,171
+551%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$480,400
$450,516
-6%
Related-Party Payables
-
-
-
Other Liabilities
$48,711
$51,013
+5%
Total Liabilities
$608,723
$542,088
-11%
Net assets
2023
2024
Change
Restricted Net Assets
$93,181
$270,753
+191%
Unrestricted Net Assets
-$419,267
-$330,834
+21%
Net assets
2023
2024
Change
Net assets
-$326,086
-$60,081
+82%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)