Hartwick College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$105,291,019
Investments
42%
Property, Plant, & Equipment (net)
32%
Other Assets
18%
Receivables (Non-Related)
4%
Cash & Equivalents
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$46,493,676
Tax-Exempt Bond Liabilities
75%
Other Liabilities
14%
Payables & Accruals
9%
Deferred Revenue
2%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,218,055
$3,188,733
-24%
Receivables (Non-Related)
$4,901,667
$4,643,582
-5%
Related-Party Receivables
-
-
-
Inventories
$209,295
$208,422
0%
Prepaid Expenses
$1,175,951
$655,777
-44%
Investments
$50,213,350
$43,782,325
-13%
Property, Plant, & Equipment (net)
$35,327,653
$33,373,730
-6%
Other Assets
$18,169,180
$19,438,450
+7%
Total Assets
$114,215,151
$105,291,019
-8%
Liabilities
2023
2024
Change
Payables & Accruals
$4,690,941
$4,390,433
-6%
Grants Payable
-
-
-
Deferred Revenue
$875,688
$776,032
-11%
Tax-Exempt Bond Liabilities
$35,721,858
$34,793,204
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$118,223
$116,113
-2%
Related-Party Payables
-
-
-
Other Liabilities
$6,079,494
$6,417,894
+6%
Total Liabilities
$47,486,204
$46,493,676
-2%
Net assets
2023
2024
Change
Restricted Net Assets
$73,785,941
$68,273,565
-7%
Unrestricted Net Assets
-$7,056,994
-$9,476,222
-34%
Net assets
2023
2024
Change
Net assets
+$66,728,947
+$58,797,343
-12%
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