THE THORACIC SURGERY FOUNDATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$11,401,896
Investments
55%
Cash & Equivalents
36%
Receivables (Non-Related)
8%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$2,375,173
Grants Payable
97%
Payables & Accruals
3%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,422,878
$4,153,530
+21%
Receivables (Non-Related)
$1,060,131
$943,418
-11%
Related-Party Receivables
-
$0
-
Inventories
-
-
-
Prepaid Expenses
$4,919
$9,022
+83%
Investments
$5,437,298
$6,240,225
+15%
Property, Plant, & Equipment (net)
$935
$55,701
+5857%
Other Assets
-
$0
-
Total Assets
$9,926,161
$11,401,896
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$91,801
$73,203
-20%
Grants Payable
$2,327,973
$2,301,970
-1%
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
$0
-
Other Liabilities
-
$0
-
Total Liabilities
$2,419,774
$2,375,173
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$3,170,976
$2,874,271
-9%
Unrestricted Net Assets
$4,335,411
$6,152,452
+42%
Net assets
2023
2024
Change
Net assets
+$7,506,387
+$9,026,723
+20%
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