TIME OF GRACE MINISTRY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$3,056,570
Cash & Equivalents
52%
Other Assets
25%
Investments
10%
Prepaid Expenses
6%
Property, Plant, & Equipment (net)
4%
Inventories
3%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,045,140
Other Liabilities
76%
Payables & Accruals
20%
Deferred Revenue
4%
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
$1,398,008
$1,579,484
+13%
Receivables (Non-Related)
$7,710
$29,205
+279%
Related-Party Receivables
-
-
-
Inventories
$86,389
$94,444
+9%
Prepaid Expenses
$99,909
$177,978
+78%
Investments
$262,782
$306,133
+16%
Property, Plant, & Equipment (net)
$144,296
$113,962
-21%
Other Assets
$804,810
$755,364
-6%
Total Assets
$2,803,904
$3,056,570
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$247,677
$208,344
-16%
Grants Payable
-
-
-
Deferred Revenue
-
$45,392
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$831,532
$791,404
-5%
Total Liabilities
$1,079,209
$1,045,140
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$164,491
$207,031
+26%
Unrestricted Net Assets
$1,560,204
$1,804,399
+16%
Net assets
2023
2024
Change
Net assets
+$1,724,695
+$2,011,430
+17%
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