As of what date are Healthsource Chiropractic's balance sheets audited?

According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company's balance sheets are audited as of December 31, 2024, December 31, 2023, and December 31, 2022. This means that the financial statements included in the FDD provide a snapshot of the company's financial position at the close of each of those calendar years.

Prospective franchisees should pay close attention to these audited balance sheets as they offer insights into the financial health and stability of Healthsource Chiropractic. Reviewing the assets, liabilities, and equity can help in assessing the company's ability to meet its financial obligations and support its franchisees. It's also important to compare these figures across the three years to identify any trends or significant changes in the company's financial performance.

The audit was conducted by Park & Illenberger, CPA's, Inc. and the report was issued on March 26, 2025. This indicates the balance sheets were reviewed by an independent accounting firm, providing an additional level of assurance regarding the accuracy and reliability of the financial information presented. The auditor's report confirms that the financial statements present fairly the financial position of HealthSource Chiropractic, LLC in accordance with accounting principles generally accepted in the United States of America.

As a potential franchisee, it is advisable to carefully examine these audited financial statements and consult with a financial advisor to fully understand the implications for your investment decision. Understanding the franchisor's financial standing is a critical step in evaluating the overall risk and potential rewards of investing in a Healthsource Chiropractic franchise.