VIRGINIA OPERA ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,058,068
Receivables (Non-Related)
39%
Prepaid Expenses
24%
Cash & Equivalents
24%
Property, Plant, & Equipment (net)
10%
Other Assets
1%
Inventories
<1%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$794,923
Deferred Revenue
53%
Payables & Accruals
28%
Notes Payable / Debt (Non-Related)
19%
Other Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$541,320
$256,775
-53%
Receivables (Non-Related)
$739,643
$410,401
-45%
Related-Party Receivables
-
-
-
Inventories
$6,540
$8,649
+32%
Prepaid Expenses
$168,760
$257,553
+53%
Investments
$4,961
$4,406
-11%
Property, Plant, & Equipment (net)
$181,925
$106,539
-41%
Other Assets
$73,756
$13,745
-81%
Total Assets
$1,716,905
$1,058,068
-38%
Liabilities
2023
2024
Change
Payables & Accruals
$232,553
$218,862
-6%
Grants Payable
-
-
-
Deferred Revenue
$408,925
$422,316
+3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$150,000
$150,000
+0%
Related-Party Payables
-
-
-
Other Liabilities
$61,997
$3,745
-94%
Total Liabilities
$853,475
$794,923
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$2,195,310
$1,921,013
-12%
Unrestricted Net Assets
-$1,331,880
-$1,657,868
-24%
Net assets
2023
2024
Change
Net assets
+$863,430
+$263,145
-70%
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