THE SOPHIA WAY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,098,731
Cash & Equivalents
34%
Other Assets
29%
Receivables (Non-Related)
25%
Inventories
7%
Investments
3%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$247,829
Payables & Accruals
80%
Other Liabilities
19%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,228,028
$1,040,070
-15%
Receivables (Non-Related)
$766,323
$773,238
+1%
Related-Party Receivables
-
-
-
Inventories
$225,562
$232,093
+3%
Prepaid Expenses
$17,647
$26,909
+52%
Investments
$102,717
$100,834
-2%
Property, Plant, & Equipment (net)
$41,879
$34,058
-19%
Other Assets
$979,826
$891,529
-9%
Total Assets
$3,361,982
$3,098,731
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$231,748
$197,756
-15%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,375
$1,875
-44%
Related-Party Payables
-
-
-
Other Liabilities
$49,741
$48,198
-3%
Total Liabilities
$284,864
$247,829
-13%
Net assets
2023
2024
Change
Restricted Net Assets
$328,596
$328,406
0%
Unrestricted Net Assets
$2,748,522
$2,522,496
-8%
Net assets
2023
2024
Change
Net assets
+$3,077,118
+$2,850,902
-7%
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