VAUGHN COLLEGE OF AERONAUTICS AND TECHNOLOGY
Balance Sheet
Fiscal Year Start:
Sep 1
Assets in 2024 (Year End)
$84,761,421
Property, Plant, & Equipment (net)
65%
Investments
24%
Other Assets
7%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$56,591,011
Tax-Exempt Bond Liabilities
81%
Notes Payable / Debt (Non-Related)
9%
Payables & Accruals
6%
Deferred Revenue
4%
Other Liabilities
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$546,731
$756,683
+38%
Receivables (Non-Related)
$1,889,729
$1,536,539
-19%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$652,874
$1,110,882
+70%
Investments
$24,616,539
$20,703,248
-16%
Property, Plant, & Equipment (net)
$57,298,571
$54,760,543
-4%
Other Assets
$5,836,663
$5,893,526
+1%
Total Assets
$90,841,107
$84,761,421
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$2,928,978
$3,276,607
+12%
Grants Payable
-
-
-
Deferred Revenue
$2,062,361
$2,286,337
+11%
Tax-Exempt Bond Liabilities
$46,986,019
$45,650,755
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$8,600,969
$5,263,312
-39%
Related-Party Payables
-
-
-
Other Liabilities
$114,000
$114,000
+0%
Total Liabilities
$60,692,327
$56,591,011
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$5,387,106
$6,088,104
+13%
Unrestricted Net Assets
$24,761,674
$22,082,306
-11%
Net assets
2023
2024
Change
Net assets
+$30,148,780
+$28,170,410
-7%
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