LOWER SHORE CLINIC INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$17,317,178
Property, Plant, & Equipment (net)
71%
Cash & Equivalents
11%
Receivables (Non-Related)
11%
Investments
4%
Prepaid Expenses
2%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$5,649,669
Payables & Accruals
40%
Notes Payable / Debt (Non-Related)
38%
Other Liabilities
15%
Custodial & Escrow Liabilities
4%
Deferred Revenue
4%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,613,132
$1,959,899
+21%
Receivables (Non-Related)
$6,068,214
$1,869,648
-69%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$263,926
$380,240
+44%
Investments
$636,567
$678,553
+7%
Property, Plant, & Equipment (net)
$10,629,844
$12,284,017
+16%
Other Assets
$1,086,157
$144,821
-87%
Total Assets
$20,297,840
$17,317,178
-15%
Liabilities
2023
2024
Change
Payables & Accruals
$2,211,256
$2,248,152
+2%
Grants Payable
-
-
-
Deferred Revenue
$427,878
$197,953
-54%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$197,015
$218,574
+11%
Notes Payable / Debt (Non-Related)
$2,142,422
$2,148,310
+0%
Related-Party Payables
-
-
-
Other Liabilities
$1,110,962
$836,680
-25%
Total Liabilities
$6,089,533
$5,649,669
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$19,812
$800,000
+3938%
Unrestricted Net Assets
$14,188,495
$10,867,509
-23%
Net assets
2023
2024
Change
Net assets
+$14,208,307
+$11,667,509
-18%
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