HARMEL ACADEMY OF THE TRADES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$682,191
Cash & Equivalents
74%
Other Assets
14%
Property, Plant, & Equipment (net)
5%
Prepaid Expenses
4%
Receivables (Non-Related)
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$637,137
Notes Payable / Debt (Non-Related)
82%
Other Liabilities
13%
Payables & Accruals
4%
Deferred Revenue
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$614,812
$503,643
-18%
Receivables (Non-Related)
$18,798
$15,391
-18%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$4,450
$29,417
+561%
Investments
-
-
-
Property, Plant, & Equipment (net)
$64,449
$37,444
-42%
Other Assets
$8,500
$96,296
+1033%
Total Assets
$711,009
$682,191
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$19,741
$23,079
+17%
Grants Payable
-
-
-
Deferred Revenue
$8,000
$9,000
+13%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$580,941
$522,262
-10%
Related-Party Payables
-
-
-
Other Liabilities
-
$82,796
-
Total Liabilities
$608,682
$637,137
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$256,500
$220,848
-14%
Unrestricted Net Assets
-$154,173
-$175,794
-14%
Net assets
2023
2024
Change
Net assets
+$102,327
+$45,054
-56%
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