USFA 2023 Annual Report

STATEMENT OF FINANCIAL POSITION

2022

2023*

ASSETS

Bank Assets

$1,644,512

$1,017,263

Accounts Receivable

$8,875

-

Other Current Assets

$4,133

$3,446

Total Assets

$1,657,520

$1,020,709

LIABILITIES

Accounts Payable and Accrued Interest

$13,465

$11,103

Deferred Revenue

$171,000

$133,000

Total Liabilities

$184,465

$144,103

EQUITY

Unrestricted Net Assets

$1,054,359

$876,607

Net Revenue

$418,696

-

Total Equity

$1,473,055

$876,607

Total Equity and Liabilities

$1,657,520

$1,020,710

*unaudited

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