Balance Sheet

Fiscal Year: 2025
Assets in 2025 (Year End)
$17,479,242
Property, Plant, & Equipment (net)
79%
Cash & Equivalents
13%
Investments
5%
Prepaid Expenses
2%
Related-Party Receivables
1%
Receivables (Non-Related)
<1%
Inventories
<1%
Other Assets
<1%
Liabilities in 2025 (Year End)
$10,853,882
Tax-Exempt Bond Liabilities
63%
Deferred Revenue
27%
Payables & Accruals
6%
Notes Payable / Debt (Non-Related)
4%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,823,627
$2,186,687
+20%
Receivables (Non-Related)
$167,620
$46,867
-72%
Related-Party Receivables
-
$180,000
-
Inventories
$6,682
$7,604
+14%
Prepaid Expenses
$197,725
$312,800
+58%
Investments
$850,108
$910,576
+7%
Property, Plant, & Equipment (net)
$13,598,608
$13,831,243
+2%
Other Assets
$273,837
$3,465
-99%
Total Assets
$16,918,207
$17,479,242
+3%
Liabilities
2024
2025
Change
Payables & Accruals
$588,538
$671,723
+14%
Grants Payable
-
-
-
Deferred Revenue
$2,613,894
$2,950,943
+13%
Tax-Exempt Bond Liabilities
$5,570,840
$6,847,751
+23%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,284,171
$380,000
-70%
Related-Party Payables
-
-
-
Other Liabilities
$211,258
$3,465
-98%
Total Liabilities
$10,268,701
$10,853,882
+6%
Net assets
2024
2025
Change
Restricted Net Assets
$681,387
$515,409
-24%
Unrestricted Net Assets
$5,968,119
$6,109,951
+2%
Net assets
2024
2025
Change
Net assets
+$6,649,506
+$6,625,360
0%