NEW HORIZONS MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$4,628,878
Inventories
34%
Other Assets
30%
Cash & Equivalents
19%
Property, Plant, & Equipment (net)
16%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2025 (Year End)
$2,340,304
Other Liabilities
66%
Payables & Accruals
27%
Notes Payable / Debt (Non-Related)
8%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$1,742,430
$856,974
-51%
Receivables (Non-Related)
$61,740
$59,282
-4%
Related-Party Receivables
$0
-
-
Inventories
$1,746,718
$1,580,132
-10%
Prepaid Expenses
$22,850
$25,638
+12%
Investments
-
-
-
Property, Plant, & Equipment (net)
$994,971
$719,412
-28%
Other Assets
$1,554,637
$1,387,440
-11%
Total Assets
$6,123,346
$4,628,878
-24%
Liabilities
2024
2025
Change
Payables & Accruals
$562,715
$622,719
+11%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$177,348
-
Related-Party Payables
$0
-
-
Other Liabilities
$1,690,478
$1,540,237
-9%
Total Liabilities
$2,253,193
$2,340,304
+4%
Net assets
2024
2025
Change
Restricted Net Assets
$705,839
$1,709,774
+142%
Unrestricted Net Assets
$3,164,314
$578,800
-82%
Net assets
2024
2025
Change
Net assets
+$3,870,153
+$2,288,574
-41%
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