FORMAN SCHOOL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$45,293,570
Property, Plant, & Equipment (net)
56%
Investments
21%
Cash & Equivalents
16%
Receivables (Non-Related)
4%
Prepaid Expenses
2%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$10,034,342
Notes Payable / Debt (Non-Related)
33%
Deferred Revenue
32%
Tax-Exempt Bond Liabilities
23%
Payables & Accruals
13%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,097,741
$7,400,310
-33%
Receivables (Non-Related)
$143,648
$1,860,592
+1195%
Related-Party Receivables
-
-
-
Inventories
$250,754
$227,381
-9%
Prepaid Expenses
$971,545
$892,205
-8%
Investments
$9,061,090
$9,727,337
+7%
Property, Plant, & Equipment (net)
$23,995,882
$25,185,745
+5%
Other Assets
-
-
-
Total Assets
$45,520,660
$45,293,570
0%
Liabilities
2023
2024
Change
Payables & Accruals
$1,434,258
$1,288,568
-10%
Grants Payable
-
-
-
Deferred Revenue
$3,535,164
$3,188,488
-10%
Tax-Exempt Bond Liabilities
$2,482,004
$2,273,001
-8%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,701,218
$3,284,285
-11%
Related-Party Payables
-
-
-
Other Liabilities
$0
-
-
Total Liabilities
$11,152,644
$10,034,342
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$11,738,030
$13,947,925
+19%
Unrestricted Net Assets
$22,629,986
$21,311,303
-6%
Net assets
2023
2024
Change
Net assets
+$34,368,016
+$35,259,228
+3%
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