DETROIT HORSE POWER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,266,532
Cash & Equivalents
60%
Property, Plant, & Equipment (net)
30%
Receivables (Non-Related)
10%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$36,903
Payables & Accruals
>99%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,854,935
$4,360,485
+13%
Receivables (Non-Related)
$1,349,413
$735,275
-46%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$14,792
$9,360
-37%
Investments
-
-
-
Property, Plant, & Equipment (net)
$351,248
$2,161,412
+515%
Other Assets
-
-
-
Total Assets
$5,570,388
$7,266,532
+30%
Liabilities
2023
2024
Change
Payables & Accruals
$30,395
$36,903
+21%
Grants Payable
-
-
-
Deferred Revenue
$2,500
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$32,895
$36,903
+12%
Net assets
2023
2024
Change
Restricted Net Assets
$4,394,374
$5,786,541
+32%
Unrestricted Net Assets
$1,143,119
$1,443,088
+26%
Net assets
2023
2024
Change
Net assets
+$5,537,493
+$7,229,629
+31%
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