KNOX AREA RESCUE MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$50,966,829
Property, Plant, & Equipment (net)
42%
Other Assets
24%
Cash & Equivalents
16%
Investments
13%
Inventories
4%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$18,763,593
Other Liabilities
61%
Notes Payable / Debt (Non-Related)
25%
Payables & Accruals
14%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,620,833
$8,377,698
-21%
Receivables (Non-Related)
$216,467
$117,556
-46%
Related-Party Receivables
-
-
-
Inventories
$2,167,893
$2,217,893
+2%
Prepaid Expenses
-
-
-
Investments
$6,144,500
$6,760,213
+10%
Property, Plant, & Equipment (net)
$17,207,962
$21,450,250
+25%
Other Assets
$9,152,254
$12,043,219
+32%
Total Assets
$45,509,909
$50,966,829
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$2,781,127
$2,563,299
-8%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,893,005
$4,699,013
-4%
Related-Party Payables
-
-
-
Other Liabilities
$8,891,348
$11,501,281
+29%
Total Liabilities
$16,565,480
$18,763,593
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$452,342
$738,492
+63%
Unrestricted Net Assets
$28,492,087
$31,464,744
+10%
Net assets
2023
2024
Change
Net assets
+$28,944,429
+$32,203,236
+11%
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