The Springs Rescue Mission
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$10,097,045
Cash & Equivalents
50%
Receivables (Non-Related)
34%
Property, Plant, & Equipment (net)
10%
Other Assets
5%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Investments
0%
Liabilities in 2024 (Year End)
$3,898,513
Notes Payable / Debt (Non-Related)
71%
Payables & Accruals
23%
Other Liabilities
4%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,200,817
$5,007,640
-4%
Receivables (Non-Related)
$3,550,554
$3,476,206
-2%
Related-Party Receivables
$0
$0
-
Inventories
$117,339
$104,362
-11%
Prepaid Expenses
$218,885
$61,794
-72%
Investments
-
-
-
Property, Plant, & Equipment (net)
$22,119,216
$988,650
-96%
Other Assets
$62,594
$458,393
+632%
Total Assets
$31,269,405
$10,097,045
-68%
Liabilities
2023
2024
Change
Payables & Accruals
$779,248
$889,803
+14%
Grants Payable
-
-
-
Deferred Revenue
$307,762
$98,879
-68%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,392,961
$2,770,457
-57%
Related-Party Payables
$0
$0
-
Other Liabilities
$125,601
$139,374
+11%
Total Liabilities
$7,605,572
$3,898,513
-49%
Net assets
2023
2024
Change
Restricted Net Assets
$948,046
$72,816
-92%
Unrestricted Net Assets
$22,715,787
$6,125,716
-73%
Net assets
2023
2024
Change
Net assets
+$23,663,833
+$6,198,532
-74%
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