AIR & SPACE FORCES ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$78,090,714
Investments
60%
Cash & Equivalents
14%
Other Assets
13%
Property, Plant, & Equipment (net)
10%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$27,319,694
Other Liabilities
57%
Deferred Revenue
34%
Payables & Accruals
8%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,095,931
$11,062,480
+10%
Receivables (Non-Related)
$817,236
$568,052
-30%
Related-Party Receivables
-
-
-
Inventories
$215,620
$236,331
+10%
Prepaid Expenses
$738,754
$657,089
-11%
Investments
$47,063,545
$47,121,484
+0%
Property, Plant, & Equipment (net)
$713,959
$7,991,300
+1019%
Other Assets
$905,692
$10,453,978
+1054%
Total Assets
$60,550,737
$78,090,714
+29%
Liabilities
2023
2024
Change
Payables & Accruals
$3,074,079
$2,300,146
-25%
Grants Payable
-
-
-
Deferred Revenue
$8,964,666
$9,376,445
+5%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$568,924
$200,125
-65%
Related-Party Payables
-
-
-
Other Liabilities
$2,434,483
$15,442,978
+534%
Total Liabilities
$15,042,152
$27,319,694
+82%
Net assets
2023
2024
Change
Restricted Net Assets
$3,569,878
$3,301,458
-8%
Unrestricted Net Assets
$41,938,707
$47,469,562
+13%
Net assets
2023
2024
Change
Net assets
+$45,508,585
+$50,771,020
+12%
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