WEST ALABAMA FOOD BANK INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$10,409,843
Property, Plant, & Equipment (net)
62%
Cash & Equivalents
22%
Inventories
11%
Receivables (Non-Related)
4%
Other Assets
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$1,646,840
Other Liabilities
77%
Deferred Revenue
20%
Payables & Accruals
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,659,786
$2,313,529
+39%
Receivables (Non-Related)
$746,550
$409,660
-45%
Related-Party Receivables
-
-
-
Inventories
$638,194
$1,161,951
+82%
Prepaid Expenses
-
$19,280
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$6,371,777
$6,449,004
+1%
Other Assets
$114,198
$56,419
-51%
Total Assets
$9,530,505
$10,409,843
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$128,499
$37,729
-71%
Grants Payable
-
-
-
Deferred Revenue
$148,873
$334,377
+125%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$1,364,088
$1,274,734
-7%
Total Liabilities
$1,641,460
$1,646,840
+0%
Net assets
2023
2024
Change
Restricted Net Assets
-
$691,920
-
Unrestricted Net Assets
$7,889,045
$8,071,083
+2%
Net assets
2023
2024
Change
Net assets
+$7,889,045
+$8,763,003
+11%
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