CUMBERLAND TRACE LEGAL SERVICES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$4,411,872
Property, Plant, & Equipment (net)
44%
Cash & Equivalents
43%
Receivables (Non-Related)
12%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$1,048,209
Deferred Revenue
71%
Payables & Accruals
29%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,024,372
$1,887,118
-7%
Receivables (Non-Related)
$333,163
$516,995
+55%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$94,430
$83,733
-11%
Investments
-
-
-
Property, Plant, & Equipment (net)
$1,878,500
$1,924,026
+2%
Other Assets
-
-
-
Total Assets
$4,330,465
$4,411,872
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$292,524
$303,255
+4%
Grants Payable
-
-
-
Deferred Revenue
$861,315
$744,911
-14%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,017
$43
-96%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$1,154,856
$1,048,209
-9%
Net assets
2023
2024
Change
Restricted Net Assets
$872,131
$965,431
+11%
Unrestricted Net Assets
$2,303,478
$2,398,232
+4%
Net assets
2023
2024
Change
Net assets
+$3,175,609
+$3,363,663
+6%
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