Balance Sheet

Fiscal Year: 2024
Jan 1, 2024 – Dec 31, 2024
Assets in 2024 (Year End)
$93,820,081
Receivables (Non-Related)
59%
Investments
28%
Cash & Equivalents
8%
Other Assets
4%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$86,197,322
Notes Payable / Debt (Non-Related)
96%
Deferred Revenue
2%
Payables & Accruals
1%
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
$8,957,383
$7,286,147
-19%
Receivables (Non-Related)
$54,229,606
$55,434,162
+2%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$412,554
$672,841
+63%
Investments
$21,812,724
$26,313,104
+21%
Property, Plant, & Equipment (net)
$354,867
$482,968
+36%
Other Assets
-
$3,630,859
-
Total Assets
$85,767,134
$93,820,081
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$719,941
$1,112,424
+55%
Grants Payable
-
-
-
Deferred Revenue
$1,941,882
$1,891,363
-3%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$71,479,481
$82,810,279
+16%
Related-Party Payables
-
-
-
Other Liabilities
-
$383,256
-
Total Liabilities
$74,141,304
$86,197,322
+16%
Net assets
2023
2024
Change
Restricted Net Assets
$46,490,652
$46,147,039
-1%
Unrestricted Net Assets
-$34,864,822
-$38,524,280
-10%
Net assets
2023
2024
Change
Net assets
+$11,625,830
+$7,622,759
-34%