Balance Sheet

Fiscal Year Start:
Oct 1
Assets in 2025 (Year End)
$524,026,758
Receivables (Non-Related)
88%
Investments
5%
Cash & Equivalents
4%
Other Assets
2%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2025 (Year End)
$434,715,090
Notes Payable / Debt (Non-Related)
98%
Deferred Revenue
<1%
Other Liabilities
<1%
Payables & Accruals
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$19,902,043
$22,997,816
+16%
Receivables (Non-Related)
$302,170,144
$463,638,378
+53%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$195,270
$388,184
+99%
Investments
$27,589,740
$27,093,872
-2%
Property, Plant, & Equipment (net)
$18,122
$13,057
-28%
Other Assets
$8,082,631
$9,895,451
+22%
Total Assets
$357,957,950
$524,026,758
+46%
Liabilities
2024
2025
Change
Payables & Accruals
$1,045,363
$1,046,607
+0%
Grants Payable
-
-
-
Deferred Revenue
$4,529,477
$3,399,767
-25%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$268,518,441
$427,859,810
+59%
Related-Party Payables
-
-
-
Other Liabilities
$2,309,855
$2,408,906
+4%
Total Liabilities
$276,403,136
$434,715,090
+57%
Net assets
2024
2025
Change
Restricted Net Assets
$600,504
$348,717
-42%
Unrestricted Net Assets
$80,954,310
$88,962,951
+10%
Net assets
2024
2025
Change
Net assets
+$81,554,814
+$89,311,668
+10%