Worksystems Inc
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$11,357,810
Cash & Equivalents
68%
Receivables (Non-Related)
27%
Other Assets
2%
Prepaid Expenses
2%
Property, Plant, & Equipment (net)
1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$6,435,092
Payables & Accruals
86%
Deferred Revenue
6%
Notes Payable / Debt (Non-Related)
4%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,725,002
$7,725,167
-21%
Receivables (Non-Related)
$3,885,875
$3,073,005
-21%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$184,719
$178,233
-4%
Investments
$0
$0
-
Property, Plant, & Equipment (net)
$0
$157,209
-
Other Assets
$501,330
$224,196
-55%
Total Assets
$14,296,926
$11,357,810
-21%
Liabilities
2023
2024
Change
Payables & Accruals
$7,368,690
$5,565,475
-24%
Grants Payable
-
-
-
Deferred Revenue
$716,934
$413,375
-42%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$251,238
$231,978
-8%
Related-Party Payables
-
-
-
Other Liabilities
$500,967
$224,264
-55%
Total Liabilities
$8,837,829
$6,435,092
-27%
Net assets
2023
2024
Change
Restricted Net Assets
$989,318
$443,399
-55%
Unrestricted Net Assets
$4,469,779
$4,479,319
+0%
Net assets
2023
2024
Change
Net assets
+$5,459,097
+$4,922,718
-10%
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