MERRIMACK COLLEGE
MERRIMACK COLLEGE
MERRIMACK COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$402,359,036
Property, Plant, & Equipment (net)
53%
Investments
23%
Cash & Equivalents
12%
Other Assets
8%
Receivables (Non-Related)
3%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$191,457,043
Tax-Exempt Bond Liabilities
55%
Notes Payable / Debt (Non-Related)
25%
Payables & Accruals
10%
Deferred Revenue
9%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$55,340,238
$49,245,446
-11%
Receivables (Non-Related)
$10,659,479
$13,536,359
+27%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,953,892
$4,084,377
+109%
Investments
$78,930,552
$90,660,770
+15%
Property, Plant, & Equipment (net)
$200,116,904
$211,993,671
+6%
Other Assets
$33,054,181
$32,838,413
-1%
Total Assets
$380,055,246
$402,359,036
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$18,355,325
$19,512,785
+6%
Grants Payable
-
-
-
Deferred Revenue
$16,365,645
$17,360,244
+6%
Tax-Exempt Bond Liabilities
$107,066,016
$106,187,992
-1%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$49,526,324
$47,633,638
-4%
Related-Party Payables
-
-
-
Other Liabilities
$681,291
$762,384
+12%
Total Liabilities
$191,994,601
$191,457,043
0%
Net assets
2023
2024
Change
Restricted Net Assets
$72,976,049
$85,286,107
+17%
Unrestricted Net Assets
$115,084,596
$125,615,886
+9%
Net assets
2023
2024
Change
Net assets
+$188,060,645
+$210,901,993
+12%
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