OPEN ARMS OF MINNESOTA
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$12,126,903
Property, Plant, & Equipment (net)
64%
Receivables (Non-Related)
16%
Other Assets
16%
Inventories
3%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,719,799
Notes Payable / Debt (Non-Related)
52%
Other Liabilities
33%
Payables & Accruals
15%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,608,715
$134,868
-95%
Receivables (Non-Related)
$1,662,735
$2,000,249
+20%
Related-Party Receivables
-
-
-
Inventories
$188,841
$334,112
+77%
Prepaid Expenses
$33,180
$36,681
+11%
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,071,401
$7,719,818
-4%
Other Assets
$2,152,181
$1,901,175
-12%
Total Assets
$14,717,053
$12,126,903
-18%
Liabilities
2023
2024
Change
Payables & Accruals
$906,877
$833,719
-8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,962,194
$2,977,173
+1%
Related-Party Payables
-
-
-
Other Liabilities
$2,057,691
$1,908,907
-7%
Total Liabilities
$5,926,762
$5,719,799
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$449,658
$197,871
-56%
Unrestricted Net Assets
$8,340,633
$6,209,233
-26%
Net assets
2023
2024
Change
Net assets
+$8,790,291
+$6,407,104
-27%
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