VOLUNTEER MINISTRY CENTER
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$13,610,966
Receivables (Non-Related)
44%
Property, Plant, & Equipment (net)
27%
Other Assets
16%
Cash & Equivalents
7%
Investments
6%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,975,331
Notes Payable / Debt (Non-Related)
95%
Payables & Accruals
5%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$226,211
$940,361
+316%
Receivables (Non-Related)
$6,604,108
$5,946,036
-10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$40,437
$23,565
-42%
Investments
$819,709
$824,842
+1%
Property, Plant, & Equipment (net)
$3,843,204
$3,645,892
-5%
Other Assets
$1,475,776
$2,230,270
+51%
Total Assets
$13,009,445
$13,610,966
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$152,814
$107,331
-30%
Grants Payable
-
-
-
Deferred Revenue
$0
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$500,000
$1,868,000
+274%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$652,814
$1,975,331
+203%
Net assets
2023
2024
Change
Restricted Net Assets
$1,017,737
$2,227,063
+119%
Unrestricted Net Assets
$11,338,894
$9,408,572
-17%
Net assets
2023
2024
Change
Net assets
+$12,356,631
+$11,635,635
-6%
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