Balance Sheet

Fiscal Year: 2024
Jun 1, 2023 – May 31, 2024
Assets in 2024 (Year End)
$31,215,554
Property, Plant, & Equipment (net)
80%
Cash & Equivalents
16%
Other Assets
1%
Inventories
<1%
Receivables (Non-Related)
<1%
Prepaid Expenses
<1%
Investments
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$22,536,363
Notes Payable / Debt (Non-Related)
56%
Deferred Revenue
30%
Payables & Accruals
13%
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
$8,766,311
$5,077,005
-42%
Receivables (Non-Related)
$290,248
$167,879
-42%
Related-Party Receivables
-
-
-
Inventories
$162,121
$244,012
+51%
Prepaid Expenses
$111,756
$106,733
-4%
Investments
$66,226
$104,973
+59%
Property, Plant, & Equipment (net)
$20,567,977
$25,064,175
+22%
Other Assets
$668,943
$450,777
-33%
Total Assets
$30,633,582
$31,215,554
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$3,397,983
$3,027,860
-11%
Grants Payable
-
-
-
Deferred Revenue
$6,542,235
$6,751,068
+3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$11,821,304
$12,544,628
+6%
Related-Party Payables
-
-
-
Other Liabilities
$421,485
$212,807
-50%
Total Liabilities
$22,183,007
$22,536,363
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$709,472
$10,001
-99%
Unrestricted Net Assets
$7,741,103
$8,669,190
+12%
Net assets
2023
2024
Change
Net assets
+$8,450,575
+$8,679,191
+3%