NATIONAL LUTHERAN INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$6,938,569
Cash & Equivalents
66%
Prepaid Expenses
16%
Other Assets
10%
Investments
3%
Receivables (Non-Related)
3%
Property, Plant, & Equipment (net)
3%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$27,773,653
Other Liabilities
88%
Payables & Accruals
12%
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
$9,898,019
$4,546,578
-54%
Receivables (Non-Related)
$167,347
$190,626
+14%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$956,797
$1,107,083
+16%
Investments
$194,323
$240,046
+24%
Property, Plant, & Equipment (net)
$143,964
$186,792
+30%
Other Assets
$926,789
$667,444
-28%
Total Assets
$12,287,239
$6,938,569
-44%
Liabilities
2023
2024
Change
Payables & Accruals
$3,846,504
$3,411,410
-11%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$18,539,635
$24,362,243
+31%
Total Liabilities
$22,386,139
$27,773,653
+24%
Net assets
2023
2024
Change
Restricted Net Assets
$325,036
$354,528
+9%
Unrestricted Net Assets
-$10,423,936
-$21,189,612
-103%
Net assets
2023
2024
Change
Net assets
-$10,098,900
-$20,835,084
-106%
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