LAKE MEAD CHRISTIAN MINISTRIES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,599,261
Property, Plant, & Equipment (net)
56%
Cash & Equivalents
24%
Other Assets
15%
Receivables (Non-Related)
3%
Prepaid Expenses
1%
Investments
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$11,812,619
Notes Payable / Debt (Non-Related)
57%
Deferred Revenue
19%
Other Liabilities
17%
Payables & Accruals
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,389,279
$3,240,391
-4%
Receivables (Non-Related)
$1,027,717
$392,286
-62%
Related-Party Receivables
-
-
-
Inventories
$38,305
$21,457
-44%
Prepaid Expenses
$185,988
$147,159
-21%
Investments
$38,859
$43,515
+12%
Property, Plant, & Equipment (net)
$7,091,342
$7,647,610
+8%
Other Assets
$483,830
$2,106,843
+335%
Total Assets
$12,255,320
$13,599,261
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$939,741
$744,832
-21%
Grants Payable
-
-
-
Deferred Revenue
$2,171,509
$2,294,249
+6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$7,285,236
$6,740,457
-7%
Related-Party Payables
-
-
-
Other Liabilities
$479,830
$2,033,081
+324%
Total Liabilities
$10,876,316
$11,812,619
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$1,070,254
$2,123,074
+98%
Unrestricted Net Assets
$308,750
-$336,432
-209%
Net assets
2023
2024
Change
Net assets
+$1,379,004
+$1,786,642
+30%
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