GANNON UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$324,759,772
Property, Plant, & Equipment (net)
57%
Investments
30%
Cash & Equivalents
10%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$111,625,988
Tax-Exempt Bond Liabilities
79%
Payables & Accruals
10%
Deferred Revenue
8%
Other Liabilities
3%
Custodial & Escrow Liabilities
<1%
Grants Payable
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$28,172,897
$31,136,257
+11%
Receivables (Non-Related)
$13,615,304
$7,764,092
-43%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,067,909
$1,442,379
+35%
Investments
$90,331,341
$96,916,591
+7%
Property, Plant, & Equipment (net)
$183,615,729
$186,232,302
+1%
Other Assets
$200,246
$1,268,151
+533%
Total Assets
$317,003,426
$324,759,772
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$10,837,788
$10,745,799
-1%
Grants Payable
-
-
-
Deferred Revenue
$8,230,708
$9,332,680
+13%
Tax-Exempt Bond Liabilities
$90,627,710
$88,225,563
-3%
Custodial & Escrow Liabilities
$478,844
$325,085
-32%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$2,090,065
$2,996,861
+43%
Total Liabilities
$112,265,115
$111,625,988
-1%
Net assets
2023
2024
Change
Restricted Net Assets
$59,596,097
$65,900,193
+11%
Unrestricted Net Assets
$145,142,214
$147,233,591
+1%
Net assets
2023
2024
Change
Net assets
+$204,738,311
+$213,133,784
+4%
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