LIFE ACTION MINISTRIES
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2023 (Year End)
$13,637,735
Property, Plant, & Equipment (net)
47%
Investments
32%
Cash & Equivalents
17%
Inventories
3%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2023 (Year End)
$3,189,644
Deferred Revenue
38%
Other Liabilities
29%
Payables & Accruals
28%
Notes Payable / Debt (Non-Related)
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$3,317,014
$2,251,938
-32%
Receivables (Non-Related)
$254,570
$84,418
-67%
Related-Party Receivables
-
-
-
Inventories
$255,566
$425,077
+66%
Prepaid Expenses
$81,159
$102,459
+26%
Investments
$3,555,446
$4,408,744
+24%
Property, Plant, & Equipment (net)
$6,297,711
$6,365,099
+1%
Other Assets
-
-
-
Total Assets
$13,761,466
$13,637,735
-1%
Liabilities
2022
2023
Change
Payables & Accruals
$893,062
$889,453
0%
Grants Payable
-
-
-
Deferred Revenue
$1,194,722
$1,202,153
+1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$182,468
-
Related-Party Payables
-
-
-
Other Liabilities
$0
$915,570
-
Total Liabilities
$2,087,784
$3,189,644
+53%
Net assets
2022
2023
Change
Restricted Net Assets
$498,068
$330,569
-34%
Unrestricted Net Assets
$11,175,614
$10,117,522
-9%
Net assets
2022
2023
Change
Net assets
+$11,673,682
+$10,448,091
-10%
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