WORCESTER ACADEMY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$159,374,601
Investments
36%
Property, Plant, & Equipment (net)
36%
Cash & Equivalents
12%
Receivables (Non-Related)
9%
Other Assets
7%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$21,191,673
Tax-Exempt Bond Liabilities
71%
Deferred Revenue
14%
Payables & Accruals
12%
Other Liabilities
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$18,043,522
$19,185,092
+6%
Receivables (Non-Related)
$21,461,974
$13,905,264
-35%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$607,063
$590,681
-3%
Investments
$51,723,983
$57,211,406
+11%
Property, Plant, & Equipment (net)
$46,805,427
$56,788,018
+21%
Other Assets
$10,998,254
$11,694,140
+6%
Total Assets
$149,640,223
$159,374,601
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,542,335
$2,543,030
+65%
Grants Payable
-
-
-
Deferred Revenue
$1,484,633
$2,876,917
+94%
Tax-Exempt Bond Liabilities
$15,712,656
$15,140,730
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$943,135
$630,996
-33%
Total Liabilities
$19,682,759
$21,191,673
+8%
Net assets
2023
2024
Change
Restricted Net Assets
$75,879,136
$71,694,590
-6%
Unrestricted Net Assets
$54,078,328
$66,488,338
+23%
Net assets
2023
2024
Change
Net assets
+$129,957,464
+$138,182,928
+6%
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