LUTHERAN METROPOLITAN MINISTRY
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$22,193,155
Property, Plant, & Equipment (net)
37%
Cash & Equivalents
24%
Investments
22%
Receivables (Non-Related)
13%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$3,309,684
Notes Payable / Debt (Non-Related)
41%
Payables & Accruals
29%
Deferred Revenue
17%
Custodial & Escrow Liabilities
14%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,707,834
$5,241,221
+41%
Receivables (Non-Related)
$4,143,774
$2,895,330
-30%
Related-Party Receivables
$0
-
-
Inventories
$0
-
-
Prepaid Expenses
$113,754
$172,341
+52%
Investments
$4,520,562
$4,939,305
+9%
Property, Plant, & Equipment (net)
$8,272,970
$8,298,027
+0%
Other Assets
$496,679
$646,931
+30%
Total Assets
$21,255,573
$22,193,155
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$877,917
$951,269
+8%
Grants Payable
-
-
-
Deferred Revenue
$426,794
$560,271
+31%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$411,823
$448,138
+9%
Notes Payable / Debt (Non-Related)
$1,434,339
$1,350,006
-6%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$3,150,873
$3,309,684
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$6,526,071
$6,291,608
-4%
Unrestricted Net Assets
$11,578,629
$12,591,863
+9%
Net assets
2023
2024
Change
Net assets
+$18,104,700
+$18,883,471
+4%
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