The Wright Center for Graduate Medical Education
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$37,454,889
Cash & Equivalents
33%
Investments
32%
Other Assets
16%
Receivables (Non-Related)
10%
Property, Plant, & Equipment (net)
9%
Prepaid Expenses
1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$19,773,144
Notes Payable / Debt (Non-Related)
44%
Other Liabilities
39%
Payables & Accruals
17%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,427,222
$12,257,623
+45%
Receivables (Non-Related)
$2,861,635
$3,636,226
+27%
Related-Party Receivables
$0
$0
-
Inventories
$0
-
-
Prepaid Expenses
$298,286
$398,810
+34%
Investments
$10,222,175
$11,829,896
+16%
Property, Plant, & Equipment (net)
$4,491,444
$3,476,687
-23%
Other Assets
$7,872,764
$5,855,647
-26%
Total Assets
$34,173,526
$37,454,889
+10%
Liabilities
2023
2024
Change
Payables & Accruals
$2,553,482
$3,408,203
+33%
Grants Payable
$0
-
-
Deferred Revenue
$72,456
$0
-100%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$8,669,832
$8,719,020
+1%
Related-Party Payables
$0
$0
-
Other Liabilities
$7,216,496
$7,645,921
+6%
Total Liabilities
$18,512,266
$19,773,144
+7%
Net assets
2023
2024
Change
Restricted Net Assets
$0
-
-
Unrestricted Net Assets
$15,661,260
$17,681,745
+13%
Net assets
2023
2024
Change
Net assets
+$15,661,260
+$17,681,745
+13%
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