Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$38,309,943
Property, Plant, & Equipment (net)
85%
Cash & Equivalents
8%
Receivables (Non-Related)
5%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$23,016,638
Tax-Exempt Bond Liabilities
34%
Notes Payable / Debt (Non-Related)
33%
Grants Payable
25%
Payables & Accruals
8%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,260,867
$3,026,326
-7%
Receivables (Non-Related)
$1,884,000
$2,023,910
+7%
Related-Party Receivables
-
-
-
Inventories
$323,430
$413,559
+28%
Prepaid Expenses
$86,800
$298,659
+244%
Investments
-
-
-
Property, Plant, & Equipment (net)
$33,747,041
$32,547,489
-4%
Other Assets
-
-
-
Total Assets
$39,302,138
$38,309,943
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,235,983
$1,902,282
-15%
Grants Payable
$5,338,681
$5,750,758
+8%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
$7,819,779
$7,735,293
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,422,247
$7,628,305
+19%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$21,816,690
$23,016,638
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$0
$72,500
-
Unrestricted Net Assets
$17,485,448
$15,220,805
-13%
Net assets
2023
2024
Change
Net assets
+$17,485,448
+$15,293,305
-13%