Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$42,442,300
Property, Plant, & Equipment (net)
58%
Cash & Equivalents
28%
Investments
7%
Other Assets
4%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$56,303,623
Deferred Revenue
33%
Other Liabilities
32%
Tax-Exempt Bond Liabilities
32%
Payables & Accruals
4%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,054,860
$11,924,448
+69%
Receivables (Non-Related)
$885,391
$1,074,342
+21%
Related-Party Receivables
$0
-
-
Inventories
$0
$25,841
-
Prepaid Expenses
$276,029
$147,614
-47%
Investments
$2,826,653
$3,025,529
+7%
Property, Plant, & Equipment (net)
$26,056,170
$24,671,557
-5%
Other Assets
$1,077,748
$1,572,969
+46%
Total Assets
$38,176,851
$42,442,300
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,781,932
$2,144,988
+20%
Grants Payable
$0
-
-
Deferred Revenue
$17,993,193
$18,496,911
+3%
Tax-Exempt Bond Liabilities
$18,479,443
$17,788,564
-4%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$13,083,531
$17,873,160
+37%
Total Liabilities
$51,338,099
$56,303,623
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$290,697
$289,978
0%
Unrestricted Net Assets
-$13,451,945
-$14,151,301
-5%
Net assets
2023
2024
Change
Net assets
-$13,161,248
-$13,861,323
-5%