WELLS OF LIFE INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,395,121
Receivables (Non-Related)
64%
Cash & Equivalents
34%
Other Assets
1%
Property, Plant, & Equipment (net)
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$160,879
Payables & Accruals
81%
Other Liabilities
19%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$921,504
$816,542
-11%
Receivables (Non-Related)
$2,042,228
$1,527,549
-25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,965
$7,316
+147%
Investments
-
-
-
Property, Plant, & Equipment (net)
$15,180
$10,475
-31%
Other Assets
$81,595
$33,239
-59%
Total Assets
$3,063,472
$2,395,121
-22%
Liabilities
2023
2024
Change
Payables & Accruals
$83,999
$130,905
+56%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$0
-
-
Related-Party Payables
-
-
-
Other Liabilities
$80,227
$29,974
-63%
Total Liabilities
$164,226
$160,879
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$2,403,908
$1,792,000
-25%
Unrestricted Net Assets
$495,338
$442,242
-11%
Net assets
2023
2024
Change
Net assets
+$2,899,246
+$2,234,242
-23%
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