Valley Christian School System
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,922,745
Property, Plant, & Equipment (net)
75%
Investments
12%
Cash & Equivalents
10%
Prepaid Expenses
2%
Receivables (Non-Related)
<1%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$8,766,494
Other Liabilities
49%
Notes Payable / Debt (Non-Related)
22%
Payables & Accruals
17%
Deferred Revenue
9%
Related-Party Payables
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,537,282
$1,864,044
-27%
Receivables (Non-Related)
$145,720
$154,307
+6%
Related-Party Receivables
-
$0
-
Inventories
$80,868
$95,421
+18%
Prepaid Expenses
$378,302
$287,951
-24%
Investments
$1,152,828
$2,064,280
+79%
Property, Plant, & Equipment (net)
$11,861,469
$13,367,721
+13%
Other Assets
$117,520
$89,021
-24%
Total Assets
$16,273,989
$17,922,745
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$831,445
$1,498,996
+80%
Grants Payable
-
-
-
Deferred Revenue
$917,990
$776,906
-15%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
$1,960,926
-
Related-Party Payables
-
$196,120
-
Other Liabilities
$118,731
$4,333,546
+3550%
Total Liabilities
$1,868,166
$8,766,494
+369%
Net assets
2023
2024
Change
Restricted Net Assets
$836,072
$2,892,993
+246%
Unrestricted Net Assets
$13,569,751
$6,263,258
-54%
Net assets
2023
2024
Change
Net assets
+$14,405,823
+$9,156,251
-36%
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