2025 Annual Report - FINAL | Page 11

John’ s Island Club, Inc.
Statements of Financial Position December 31, 2025 and 2024
Assets
2025 2024($ in thousands)
Current assets: Cash and cash equivalents
$
11,072
$
15,529
U. S. Treasury securities( Note 1)
25,588
13,192
Accounts receivable, net of allowance for credit losses( 2025—$ 70,000; 2024—$ 10,000)
4,853
4,551
Inventories( Note 3)
1,559
1,347
Prepaid expenses and other current assets
2,946
3,714
Total current assets
46,018
38,333
Board designated funds( Note 9)
13
13
Property and equipment, less accumulated depreciation( Note 4)
102,297
104,887
U. S. Treasury securities( Note 1)
492
-
Right-of-use assets for finance leases, net( Note 6)
1,371
1,900
Right-of-use assets for operating leases( Note 6)
936
943
Investments of funded deferred compensation( Note 10)
2,934
3,186
Other assets( Note 11)
1,191
90
Total assets $ 155,252 $ 149,352
Liabilities and Net Assets
Current liabilities: Current finance lease liability( Note 6)
$
484
$
452
Current operating lease liability( Note 6)
88
64
Accounts payable and accrued expenses
11,443
9,872
Dues paid in advance
17,560
18,947
Total current liabilities
29,575
29,335
Long-term lease liability for finance leases( Note 6)
872
1,355
Long-term lease liability for operating leases( Note 6)
848
879
Deferred compensation payable( Note 10)
2,931
3,195
Total liabilities
34,226
34,764
Commitments and contingency( Notes 4 and 11)
Net assets without donor restrictions( Note 8) 121,026 114,588
Total liabilities and net assets $ 155,252 $ 149,352
See notes to financial statements.
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