THOMAS COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$86,752,537
Property, Plant, & Equipment (net)
54%
Investments
36%
Cash & Equivalents
6%
Receivables (Non-Related)
3%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$16,912,991
Tax-Exempt Bond Liabilities
41%
Notes Payable / Debt (Non-Related)
27%
Deferred Revenue
17%
Payables & Accruals
13%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,697,317
$5,066,122
-34%
Receivables (Non-Related)
$2,052,260
$2,366,327
+15%
Related-Party Receivables
-
-
-
Inventories
$20,926
$17,536
-16%
Prepaid Expenses
$260,939
$163,571
-37%
Investments
$27,137,479
$31,570,064
+16%
Property, Plant, & Equipment (net)
$47,749,009
$47,145,858
-1%
Other Assets
$393,458
$423,059
+8%
Total Assets
$85,311,388
$86,752,537
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$2,259,283
$2,234,188
-1%
Grants Payable
-
-
-
Deferred Revenue
$2,808,589
$2,816,675
+0%
Tax-Exempt Bond Liabilities
$7,448,174
$6,905,555
-7%
Custodial & Escrow Liabilities
$109,580
$0
-100%
Notes Payable / Debt (Non-Related)
$5,319,906
$4,572,600
-14%
Related-Party Payables
-
-
-
Other Liabilities
$407,346
$383,973
-6%
Total Liabilities
$18,352,878
$16,912,991
-8%
Net assets
2023
2024
Change
Restricted Net Assets
$23,693,588
$27,538,676
+16%
Unrestricted Net Assets
$43,264,922
$42,300,870
-2%
Net assets
2023
2024
Change
Net assets
+$66,958,510
+$69,839,546
+4%
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