TERRY LAW MINISTRIES INC
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$2,444,290
Cash & Equivalents
76%
Property, Plant, & Equipment (net)
19%
Other Assets
4%
Investments
<1%
Inventories
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$241,859
Notes Payable / Debt (Non-Related)
77%
Payables & Accruals
23%
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
$1,740,677
$1,863,462
+7%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
$8,683
$8,231
-5%
Prepaid Expenses
-
-
-
Investments
$71
$9,873
+13806%
Property, Plant, & Equipment (net)
$510,787
$463,769
-9%
Other Assets
$75,198
$98,955
+32%
Total Assets
$2,335,416
$2,444,290
+5%
Liabilities
2023
2024
Change
Payables & Accruals
$53,265
$56,021
+5%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$262,254
$185,838
-29%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$315,519
$241,859
-23%
Net assets
2023
2024
Change
Restricted Net Assets
$213,839
$658,141
+208%
Unrestricted Net Assets
$1,806,058
$1,544,290
-14%
Net assets
2023
2024
Change
Net assets
+$2,019,897
+$2,202,431
+9%
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