GOOD LIFE MINISTRIES
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$1,799,509
Cash & Equivalents
98%
Inventories
2%
Other Assets
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Property, Plant, & Equipment (net)
0%
Liabilities in 2024 (Year End)
$12,626
Payables & Accruals
>99%
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%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,718,341
$1,767,174
+3%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
$31,706
-
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
-
-
-
Other Assets
-
$629
-
Total Assets
$1,718,341
$1,799,509
+5%
Liabilities
2023
2024
Change
Payables & Accruals
-
$12,626
-
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,670
-
-
Total Liabilities
$4,670
$12,626
+170%
Net assets
2023
2024
Change
Restricted Net Assets
$858,354
$719,308
-16%
Unrestricted Net Assets
$855,317
$1,067,575
+25%
Net assets
2023
2024
Change
Net assets
+$1,713,671
+$1,786,883
+4%
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