ALVERNIA UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$228,119,350
Property, Plant, & Equipment (net)
76%
Investments
14%
Receivables (Non-Related)
8%
Other Assets
1%
Prepaid Expenses
<1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$113,251,984
Tax-Exempt Bond Liabilities
59%
Notes Payable / Debt (Non-Related)
27%
Payables & Accruals
8%
Other Liabilities
3%
Deferred Revenue
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,052,462
$350,887
-95%
Receivables (Non-Related)
$19,065,654
$17,185,898
-10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,207,659
$1,128,387
-7%
Investments
$29,579,384
$32,398,298
+10%
Property, Plant, & Equipment (net)
$159,135,806
$174,143,582
+9%
Other Assets
$3,324,181
$2,912,298
-12%
Total Assets
$219,365,146
$228,119,350
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$13,239,034
$9,284,044
-30%
Grants Payable
-
-
-
Deferred Revenue
$2,422,307
$2,045,994
-16%
Tax-Exempt Bond Liabilities
$68,869,825
$67,248,987
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,950,671
$30,957,143
+72%
Related-Party Payables
-
-
-
Other Liabilities
$4,823,348
$3,715,816
-23%
Total Liabilities
$107,305,185
$113,251,984
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$36,336,102
$37,263,880
+3%
Unrestricted Net Assets
$75,723,859
$77,603,486
+2%
Net assets
2023
2024
Change
Net assets
+$112,059,961
+$114,867,366
+3%
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