VERMONT ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$23,008,017
Property, Plant, & Equipment (net)
50%
Investments
42%
Receivables (Non-Related)
4%
Cash & Equivalents
1%
Prepaid Expenses
1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,260,624
Notes Payable / Debt (Non-Related)
61%
Payables & Accruals
34%
Other Liabilities
4%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$882,166
$285,649
-68%
Receivables (Non-Related)
$175,718
$926,850
+427%
Related-Party Receivables
-
-
-
Inventories
$112,769
$112,770
+0%
Prepaid Expenses
$466,274
$242,382
-48%
Investments
$11,017,906
$9,737,566
-12%
Property, Plant, & Equipment (net)
$9,188,685
$11,561,060
+26%
Other Assets
$2,741,634
$141,740
-95%
Total Assets
$24,585,152
$23,008,017
-6%
Liabilities
2023
2024
Change
Payables & Accruals
$2,813,310
$1,118,082
-60%
Grants Payable
-
-
-
Deferred Revenue
$18,291
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,142,134
$2,003,890
-6%
Related-Party Payables
-
-
-
Other Liabilities
$1,655,996
$138,652
-92%
Total Liabilities
$6,629,731
$3,260,624
-51%
Net assets
2023
2024
Change
Restricted Net Assets
$17,403,998
$17,299,030
-1%
Unrestricted Net Assets
$551,423
$2,448,363
+344%
Net assets
2023
2024
Change
Net assets
+$17,955,421
+$19,747,393
+10%
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