WORCESTER ART MUSEUM
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$181,246,202
Investments
73%
Property, Plant, & Equipment (net)
17%
Cash & Equivalents
6%
Receivables (Non-Related)
4%
Prepaid Expenses
<1%
Inventories
<1%
Other Assets
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$3,168,292
Payables & Accruals
71%
Other Liabilities
16%
Deferred Revenue
13%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,821,888
$11,075,178
-14%
Receivables (Non-Related)
$6,757,758
$7,108,745
+5%
Related-Party Receivables
-
-
-
Inventories
$103,967
$112,948
+9%
Prepaid Expenses
$605,223
$251,554
-58%
Investments
$115,454,647
$131,659,961
+14%
Property, Plant, & Equipment (net)
$22,617,652
$31,000,675
+37%
Other Assets
$63,661
$37,141
-42%
Total Assets
$158,424,796
$181,246,202
+14%
Liabilities
2023
2024
Change
Payables & Accruals
$1,642,172
$2,247,588
+37%
Grants Payable
-
-
-
Deferred Revenue
$1,192,021
$407,568
-66%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$64,467
$513,136
+696%
Total Liabilities
$2,898,660
$3,168,292
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$122,733,422
$136,465,424
+11%
Unrestricted Net Assets
$32,792,714
$41,612,486
+27%
Net assets
2023
2024
Change
Net assets
+$155,526,136
+$178,077,910
+15%
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