SOUTHERN MARYLAND VOCATIONAL INDUSTRIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$23,283,313
Investments
45%
Cash & Equivalents
29%
Property, Plant, & Equipment (net)
19%
Receivables (Non-Related)
4%
Other Assets
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,659,469
Payables & Accruals
57%
Other Liabilities
33%
Notes Payable / Debt (Non-Related)
9%
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
$4,922,550
$6,798,051
+38%
Receivables (Non-Related)
$196,734
$1,037,632
+427%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$6,219
$16,259
+161%
Investments
$8,412,227
$10,447,451
+24%
Property, Plant, & Equipment (net)
$4,689,272
$4,464,263
-5%
Other Assets
$360,121
$519,657
+44%
Total Assets
$18,587,123
$23,283,313
+25%
Liabilities
2023
2024
Change
Payables & Accruals
$1,695,889
$947,406
-44%
Grants Payable
-
-
-
Deferred Revenue
$33,123
$14,604
-56%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$290,435
$153,394
-47%
Related-Party Payables
-
-
-
Other Liabilities
$358,121
$544,065
+52%
Total Liabilities
$2,377,568
$1,659,469
-30%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$16,209,555
$21,623,844
+33%
Net assets
2023
2024
Change
Net assets
+$16,209,555
+$21,623,844
+33%
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