THE FRESHWATER TRUST
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,854,764
Receivables (Non-Related)
45%
Cash & Equivalents
33%
Other Assets
19%
Investments
2%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$6,909,196
Deferred Revenue
44%
Notes Payable / Debt (Non-Related)
27%
Payables & Accruals
21%
Other Liabilities
7%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,907,726
$2,902,733
0%
Receivables (Non-Related)
$2,754,456
$3,980,660
+45%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$110,858
$98,382
-11%
Investments
$166,972
$177,792
+6%
Property, Plant, & Equipment (net)
$117,114
$43,562
-63%
Other Assets
$1,767,186
$1,651,635
-7%
Total Assets
$7,824,312
$8,854,764
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$784,529
$1,484,746
+89%
Grants Payable
-
-
-
Deferred Revenue
$2,853,225
$3,059,497
+7%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,900,000
$1,894,745
0%
Related-Party Payables
-
-
-
Other Liabilities
$815,304
$470,208
-42%
Total Liabilities
$6,353,058
$6,909,196
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$1,197,989
$2,144,337
+79%
Unrestricted Net Assets
$273,265
-$198,769
-173%
Net assets
2023
2024
Change
Net assets
+$1,471,254
+$1,945,568
+32%
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