TRUE TO LIFE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,432,930
Property, Plant, & Equipment (net)
65%
Cash & Equivalents
32%
Inventories
1%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$35,566
Payables & Accruals
64%
Other Liabilities
31%
Deferred Revenue
5%
Grants Payable
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
$420,067
$460,227
+10%
Receivables (Non-Related)
-
$16,745
-
Related-Party Receivables
-
-
-
Inventories
$18,729
$21,063
+12%
Prepaid Expenses
-
$6,016
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$960,142
$927,859
-3%
Other Assets
$683
$1,020
+49%
Total Assets
$1,399,621
$1,432,930
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$20,813
$22,626
+9%
Grants Payable
-
-
-
Deferred Revenue
-
$1,800
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$8,484
$11,140
+31%
Total Liabilities
$29,297
$35,566
+21%
Net assets
2023
2024
Change
Restricted Net Assets
-
$40,585
-
Unrestricted Net Assets
$1,370,324
$1,356,779
-1%
Net assets
2023
2024
Change
Net assets
+$1,370,324
+$1,397,364
+2%
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