MEL TROTTER MINISTRIES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$42,520,167
Receivables (Non-Related)
44%
Other Assets
31%
Property, Plant, & Equipment (net)
12%
Cash & Equivalents
12%
Investments
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$15,047,677
Other Liabilities
93%
Payables & Accruals
6%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,621,861
$5,057,818
+40%
Receivables (Non-Related)
$21,707,025
$18,735,778
-14%
Related-Party Receivables
-
-
-
Inventories
$1,500
$1,500
+0%
Prepaid Expenses
$112,948
$122,828
+9%
Investments
$701,332
$165,286
-76%
Property, Plant, & Equipment (net)
$4,811,670
$5,072,117
+5%
Other Assets
$14,763,315
$13,364,840
-9%
Total Assets
$45,719,651
$42,520,167
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$2,406,544
$959,768
-60%
Grants Payable
-
-
-
Deferred Revenue
$15,200
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$43,395
$44,632
+3%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$16,838,810
$14,043,277
-17%
Total Liabilities
$19,303,949
$15,047,677
-22%
Net assets
2023
2024
Change
Restricted Net Assets
$3,512,748
$4,167,641
+19%
Unrestricted Net Assets
$22,902,954
$23,304,849
+2%
Net assets
2023
2024
Change
Net assets
+$26,415,702
+$27,472,490
+4%
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