THE LAND TRUST OF NORTH ALABAMA INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$52,644,620
Property, Plant, & Equipment (net)
78%
Cash & Equivalents
9%
Investments
5%
Other Assets
4%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$180,021
Other Liabilities
84%
Payables & Accruals
9%
Deferred Revenue
7%
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
$2,971,008
$4,550,521
+53%
Receivables (Non-Related)
$336,071
$1,599,230
+376%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$16,393
$20,350
+24%
Investments
-
$2,879,383
-
Property, Plant, & Equipment (net)
$39,901,173
$41,301,369
+4%
Other Assets
$4,942,577
$2,293,767
-54%
Total Assets
$48,167,222
$52,644,620
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$2,963
$16,990
+473%
Grants Payable
-
-
-
Deferred Revenue
-
$12,000
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$69,091
$151,031
+119%
Total Liabilities
$72,054
$180,021
+150%
Net assets
2023
2024
Change
Restricted Net Assets
$6,736,660
$8,518,245
+26%
Unrestricted Net Assets
$41,358,508
$43,946,354
+6%
Net assets
2023
2024
Change
Net assets
+$48,095,168
+$52,464,599
+9%
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