ABILITY CONNECTION TEXAS
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$8,402,975
Other Assets
55%
Property, Plant, & Equipment (net)
27%
Receivables (Non-Related)
10%
Cash & Equivalents
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,642,601
Other Liabilities
77%
Payables & Accruals
15%
Notes Payable / Debt (Non-Related)
5%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,106,824
$639,534
-42%
Receivables (Non-Related)
$528,356
$820,409
+55%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$75,663
$83,846
+11%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,795,942
$2,259,684
-19%
Other Assets
$4,921,122
$4,599,502
-7%
Total Assets
$9,427,907
$8,402,975
-11%
Liabilities
2023
2024
Change
Payables & Accruals
$1,042,458
$973,258
-7%
Grants Payable
-
-
-
Deferred Revenue
$48,472
$217,672
+349%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$130,000
$331,650
+155%
Related-Party Payables
-
-
-
Other Liabilities
$5,006,242
$5,120,021
+2%
Total Liabilities
$6,227,172
$6,642,601
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$561,135
$48,709
-91%
Unrestricted Net Assets
$2,639,600
$1,711,665
-35%
Net assets
2023
2024
Change
Net assets
+$3,200,735
+$1,760,374
-45%
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