Timothy Christian Schools
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$50,294,784
Property, Plant, & Equipment (net)
89%
Receivables (Non-Related)
6%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$10,976,479
Notes Payable / Debt (Non-Related)
73%
Deferred Revenue
14%
Payables & Accruals
11%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,453,116
$2,403,685
-30%
Receivables (Non-Related)
$3,324,890
$2,814,221
-15%
Related-Party Receivables
$0
$0
-
Inventories
-
-
-
Prepaid Expenses
$180,723
$146,402
-19%
Investments
-
-
-
Property, Plant, & Equipment (net)
$43,876,958
$44,784,852
+2%
Other Assets
$158,712
$145,624
-8%
Total Assets
$50,994,399
$50,294,784
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$1,415,615
$1,235,909
-13%
Grants Payable
-
-
-
Deferred Revenue
$611,978
$1,572,951
+157%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,500,000
$8,036,757
+130%
Related-Party Payables
$0
$0
-
Other Liabilities
$194,272
$130,862
-33%
Total Liabilities
$5,721,865
$10,976,479
+92%
Net assets
2023
2024
Change
Restricted Net Assets
$4,301,389
$3,104,141
-28%
Unrestricted Net Assets
$40,971,145
$36,214,164
-12%
Net assets
2023
2024
Change
Net assets
+$45,272,534
+$39,318,305
-13%
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