TOURO UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$105,430,385
Property, Plant, & Equipment (net)
36%
Investments
29%
Other Assets
17%
Cash & Equivalents
12%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$33,891,475
Notes Payable / Debt (Non-Related)
39%
Payables & Accruals
30%
Deferred Revenue
25%
Other Liabilities
5%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,139,217
$12,914,982
+504%
Receivables (Non-Related)
$4,871,192
$5,898,893
+21%
Related-Party Receivables
-
-
-
Inventories
$11,460
$9,500
-17%
Prepaid Expenses
$675,493
$654,984
-3%
Investments
$13,778,043
$30,191,702
+119%
Property, Plant, & Equipment (net)
$31,937,483
$38,309,745
+20%
Other Assets
$41,613,257
$17,450,579
-58%
Total Assets
$95,026,145
$105,430,385
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$8,537,985
$10,220,860
+20%
Grants Payable
-
-
-
Deferred Revenue
$8,339,773
$8,634,348
+4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$13,313,462
$13,269,155
0%
Related-Party Payables
-
-
-
Other Liabilities
$839,565
$1,767,112
+110%
Total Liabilities
$31,030,785
$33,891,475
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$888,516
$1,097,773
+24%
Unrestricted Net Assets
$63,106,844
$70,441,137
+12%
Net assets
2023
2024
Change
Net assets
+$63,995,360
+$71,538,910
+12%
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