TRINITY CHRISTIAN ACADEMY
Balance Sheet
Fiscal Year Start:
Aug 1
Assets in 2024 (Year End)
$84,727,505
Other Assets
68%
Investments
19%
Cash & Equivalents
7%
Property, Plant, & Equipment (net)
4%
Prepaid Expenses
<1%
Inventories
<1%
Receivables (Non-Related)
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$25,094,675
Deferred Revenue
74%
Other Liabilities
15%
Payables & Accruals
11%
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
$12,541,019
$5,741,000
-54%
Receivables (Non-Related)
$48,471
$147,049
+203%
Related-Party Receivables
-
-
-
Inventories
$176,354
$195,346
+11%
Prepaid Expenses
$600,726
$651,728
+8%
Investments
$9,815,646
$16,481,571
+68%
Property, Plant, & Equipment (net)
$2,931,717
$3,780,988
+29%
Other Assets
$49,613,183
$57,729,823
+16%
Total Assets
$75,727,116
$84,727,505
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$2,149,336
$2,691,708
+25%
Grants Payable
-
-
-
Deferred Revenue
$18,371,842
$18,598,033
+1%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,965,204
$3,804,934
-23%
Total Liabilities
$25,486,382
$25,094,675
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$10,731,011
$15,903,173
+48%
Unrestricted Net Assets
$39,509,723
$43,729,657
+11%
Net assets
2023
2024
Change
Net assets
+$50,240,734
+$59,632,830
+19%
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