LIGHT OF LIFE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$40,562,062
Other Assets
37%
Receivables (Non-Related)
31%
Investments
20%
Cash & Equivalents
6%
Property, Plant, & Equipment (net)
5%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$12,808,314
Other Liabilities
90%
Notes Payable / Debt (Non-Related)
6%
Payables & Accruals
2%
Deferred Revenue
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,378,491
$2,526,866
-53%
Receivables (Non-Related)
$12,738,609
$12,577,021
-1%
Related-Party Receivables
$3,034,774
-
-
Inventories
$164,332
$221,934
+35%
Prepaid Expenses
$339,120
$383,470
+13%
Investments
$8,367,280
$8,026,924
-4%
Property, Plant, & Equipment (net)
$2,539,833
$2,004,482
-21%
Other Assets
$5,410,218
$14,821,365
+174%
Total Assets
$37,972,657
$40,562,062
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$511,523
$313,798
-39%
Grants Payable
-
-
-
Deferred Revenue
$108,640
$170,994
+57%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,378,713
$750,000
-68%
Related-Party Payables
-
-
-
Other Liabilities
$5,632,825
$11,573,522
+105%
Total Liabilities
$8,631,701
$12,808,314
+48%
Net assets
2023
2024
Change
Restricted Net Assets
$263,937
$122,692
-54%
Unrestricted Net Assets
$29,077,019
$27,631,056
-5%
Net assets
2023
2024
Change
Net assets
+$29,340,956
+$27,753,748
-5%
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