NEW YORK MEDICAL COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$329,550,377
Property, Plant, & Equipment (net)
56%
Investments
29%
Receivables (Non-Related)
8%
Other Assets
4%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$129,158,630
Tax-Exempt Bond Liabilities
46%
Other Liabilities
18%
Payables & Accruals
14%
Deferred Revenue
11%
Notes Payable / Debt (Non-Related)
9%
Custodial & Escrow Liabilities
2%
Grants Payable
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,136,707
$4,303,747
+37%
Receivables (Non-Related)
$25,450,274
$27,800,957
+9%
Related-Party Receivables
-
-
-
Inventories
$114,286
$114,286
+0%
Prepaid Expenses
$994,297
$948,846
-5%
Investments
$97,195,303
$97,114,630
0%
Property, Plant, & Equipment (net)
$186,529,960
$184,648,271
-1%
Other Assets
$15,025,770
$14,619,640
-3%
Total Assets
$328,446,597
$329,550,377
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$20,291,100
$17,533,429
-14%
Grants Payable
-
-
-
Deferred Revenue
$15,277,450
$14,848,805
-3%
Tax-Exempt Bond Liabilities
$59,910,546
$59,134,819
-1%
Custodial & Escrow Liabilities
$3,758,315
$2,684,561
-29%
Notes Payable / Debt (Non-Related)
$15,142,446
$11,753,156
-22%
Related-Party Payables
-
-
-
Other Liabilities
$24,298,033
$23,203,860
-5%
Total Liabilities
$138,677,890
$129,158,630
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$72,355,679
$78,180,648
+8%
Unrestricted Net Assets
$117,413,028
$122,211,099
+4%
Net assets
2023
2024
Change
Net assets
+$189,768,707
+$200,391,747
+6%
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