TRINITY ACADEMY INCORPORATED
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$32,582,367
Property, Plant, & Equipment (net)
81%
Cash & Equivalents
17%
Investments
2%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$4,670,051
Notes Payable / Debt (Non-Related)
56%
Deferred Revenue
35%
Payables & Accruals
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,231,626
$5,595,170
-10%
Receivables (Non-Related)
$1,155
-
-
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$17,066
$15,772
-8%
Investments
$442,800
$516,646
+17%
Property, Plant, & Equipment (net)
$24,945,840
$26,454,779
+6%
Other Assets
$0
$0
-
Total Assets
$31,638,487
$32,582,367
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$20,185
$403,660
+1900%
Grants Payable
$0
-
-
Deferred Revenue
$1,518,299
$1,643,702
+8%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$2,672,422
$2,622,689
-2%
Related-Party Payables
$0
$0
-
Other Liabilities
$0
$0
-
Total Liabilities
$4,210,906
$4,670,051
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$248,046
$248,046
+0%
Unrestricted Net Assets
$27,179,535
$27,664,270
+2%
Net assets
2023
2024
Change
Net assets
+$27,427,581
+$27,912,316
+2%
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