SOAR Inc
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$7,321,763
Cash & Equivalents
62%
Property, Plant, & Equipment (net)
28%
Receivables (Non-Related)
5%
Other Assets
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,824,442
Deferred Revenue
78%
Other Liabilities
20%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,281,286
$4,536,789
+6%
Receivables (Non-Related)
$855,719
$367,715
-57%
Related-Party Receivables
$0
$0
-
Inventories
-
$0
-
Prepaid Expenses
$15,104
$10,570
-30%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$2,010,885
$2,055,547
+2%
Other Assets
$580,622
$351,142
-40%
Total Assets
$7,743,616
$7,321,763
-5%
Liabilities
2023
2024
Change
Payables & Accruals
$20,400
$27,584
+35%
Grants Payable
-
-
-
Deferred Revenue
$1,816,459
$1,427,423
-21%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
$0
-
-
Other Liabilities
$475,751
$369,435
-22%
Total Liabilities
$2,312,610
$1,824,442
-21%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$5,431,006
$5,497,321
+1%
Net assets
2023
2024
Change
Net assets
+$5,431,006
+$5,497,321
+1%
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