LUTHERAN SOCIAL SERVICE OF MINNESOTA
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$100,563,689
Property, Plant, & Equipment (net)
52%
Receivables (Non-Related)
22%
Other Assets
10%
Investments
9%
Cash & Equivalents
6%
Prepaid Expenses
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$50,819,110
Other Liabilities
41%
Payables & Accruals
37%
Notes Payable / Debt (Non-Related)
16%
Deferred Revenue
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,094,372
$5,537,820
-32%
Receivables (Non-Related)
$16,888,440
$22,153,590
+31%
Related-Party Receivables
-
-
-
Inventories
$135,523
$136,165
+0%
Prepaid Expenses
$1,137,713
$1,356,956
+19%
Investments
$7,503,993
$8,979,073
+20%
Property, Plant, & Equipment (net)
$51,038,748
$51,897,375
+2%
Other Assets
$9,693,283
$10,502,710
+8%
Total Assets
$94,492,072
$100,563,689
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$16,653,966
$18,745,769
+13%
Grants Payable
-
-
-
Deferred Revenue
$1,903,955
$2,662,374
+40%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$9,478,626
$8,345,484
-12%
Related-Party Payables
-
-
-
Other Liabilities
$23,289,243
$21,065,483
-10%
Total Liabilities
$51,325,790
$50,819,110
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$17,500,324
$22,423,858
+28%
Unrestricted Net Assets
$25,665,958
$27,320,721
+6%
Net assets
2023
2024
Change
Net assets
+$43,166,282
+$49,744,579
+15%
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