Lifeline Christian Mission
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,436,561
Other Assets
40%
Property, Plant, & Equipment (net)
37%
Inventories
13%
Cash & Equivalents
9%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$4,391,125
Notes Payable / Debt (Non-Related)
38%
Other Liabilities
31%
Grants Payable
15%
Payables & Accruals
15%
Related-Party Payables
<1%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$314,375
$303,789
-3%
Receivables (Non-Related)
$65,891
$44,817
-32%
Related-Party Receivables
-
$0
-
Inventories
$299,116
$430,295
+44%
Prepaid Expenses
$22,328
$8,193
-63%
Investments
-
$0
-
Property, Plant, & Equipment (net)
$1,606,789
$1,280,994
-20%
Other Assets
$1,614,549
$1,368,473
-15%
Total Assets
$3,923,048
$3,436,561
-12%
Liabilities
2023
2024
Change
Payables & Accruals
$650,044
$664,066
+2%
Grants Payable
$468,829
$679,045
+45%
Deferred Revenue
$7,500
$0
-100%
Tax-Exempt Bond Liabilities
-
$0
-
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
$1,657,949
$1,665,951
+0%
Related-Party Payables
-
$35,000
-
Other Liabilities
$1,533,576
$1,347,063
-12%
Total Liabilities
$4,317,898
$4,391,125
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$41,376
$0
-100%
Unrestricted Net Assets
-$436,226
-$954,564
-119%
Net assets
2023
2024
Change
Net assets
-$394,850
-$954,564
-142%
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