SPRINGFIELD COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$291,807,069
Property, Plant, & Equipment (net)
57%
Investments
38%
Receivables (Non-Related)
2%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$130,465,594
Tax-Exempt Bond Liabilities
87%
Payables & Accruals
6%
Deferred Revenue
4%
Other Liabilities
2%
Grants Payable
1%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,782,194
$3,034,477
-55%
Receivables (Non-Related)
$6,665,254
$6,970,273
+5%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$3,713,671
$2,762,186
-26%
Investments
$129,446,446
$112,320,803
-13%
Property, Plant, & Equipment (net)
$155,815,668
$166,215,061
+7%
Other Assets
$1,130,408
$504,269
-55%
Total Assets
$303,553,641
$291,807,069
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$13,230,229
$7,892,081
-40%
Grants Payable
$1,867,671
$1,573,880
-16%
Deferred Revenue
$5,343,290
$5,234,143
-2%
Tax-Exempt Bond Liabilities
$115,401,144
$113,515,032
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,294,444
$2,250,458
-32%
Total Liabilities
$139,136,778
$130,465,594
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$87,202,339
$92,347,864
+6%
Unrestricted Net Assets
$77,214,524
$68,993,611
-11%
Net assets
2023
2024
Change
Net assets
+$164,416,863
+$161,341,475
-2%
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