TOWER HEALTH MEDICAL GROUP
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$42,348,535
Other Assets
47%
Property, Plant, & Equipment (net)
32%
Receivables (Non-Related)
20%
Prepaid Expenses
2%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$70,669,772
Payables & Accruals
63%
Other Liabilities
37%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,874
$9,860
-9%
Receivables (Non-Related)
$12,542,502
$8,274,331
-34%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$953,666
$824,701
-14%
Investments
-
-
-
Property, Plant, & Equipment (net)
$15,030,081
$13,507,430
-10%
Other Assets
$24,541,102
$19,732,213
-20%
Total Assets
$53,078,225
$42,348,535
-20%
Liabilities
2023
2024
Change
Payables & Accruals
$48,585,315
$44,753,334
-8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$30,352,126
$25,916,438
-15%
Total Liabilities
$78,937,441
$70,669,772
-10%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$25,859,216
-$28,321,237
-10%
Net assets
2023
2024
Change
Net assets
-$25,859,216
-$28,321,237
-10%
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