THE WALLACE MEDICAL CONCERN
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$13,336,894
Cash & Equivalents
33%
Other Assets
31%
Receivables (Non-Related)
18%
Property, Plant, & Equipment (net)
15%
Prepaid Expenses
2%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$5,594,513
Other Liabilities
78%
Notes Payable / Debt (Non-Related)
13%
Payables & Accruals
8%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,809,353
$4,376,488
-9%
Receivables (Non-Related)
$1,195,703
$2,429,596
+103%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$258,665
$321,998
+24%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,209,109
$2,016,411
-9%
Other Assets
$3,960,414
$4,192,401
+6%
Total Assets
$12,433,244
$13,336,894
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$692,018
$462,301
-33%
Grants Payable
-
-
-
Deferred Revenue
$38,658
$11,308
-71%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$833,987
$738,097
-11%
Related-Party Payables
-
-
-
Other Liabilities
$4,195,314
$4,382,807
+4%
Total Liabilities
$5,759,977
$5,594,513
-3%
Net assets
2023
2024
Change
Restricted Net Assets
-
$274,240
-
Unrestricted Net Assets
$6,673,267
$7,468,141
+12%
Net assets
2023
2024
Change
Net assets
+$6,673,267
+$7,742,381
+16%
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