MERCYHURST UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$161,603,499
Property, Plant, & Equipment (net)
64%
Investments
23%
Cash & Equivalents
7%
Receivables (Non-Related)
3%
Other Assets
2%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$65,426,690
Tax-Exempt Bond Liabilities
64%
Payables & Accruals
12%
Notes Payable / Debt (Non-Related)
11%
Other Liabilities
7%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$16,249,909
$11,809,175
-27%
Receivables (Non-Related)
$4,968,926
$5,263,462
+6%
Related-Party Receivables
$0
$0
-
Inventories
$347,424
$286,699
-17%
Prepaid Expenses
$1,330,559
$1,145,323
-14%
Investments
$34,439,392
$36,421,142
+6%
Property, Plant, & Equipment (net)
$107,031,328
$102,982,382
-4%
Other Assets
$3,934,961
$3,695,316
-6%
Total Assets
$168,302,499
$161,603,499
-4%
Liabilities
2023
2024
Change
Payables & Accruals
$8,584,448
$8,169,602
-5%
Grants Payable
$0
$0
-
Deferred Revenue
$3,614,300
$3,564,140
-1%
Tax-Exempt Bond Liabilities
$42,992,164
$42,185,151
-2%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$8,097,396
$7,012,869
-13%
Related-Party Payables
$0
$0
-
Other Liabilities
$4,922,336
$4,494,928
-9%
Total Liabilities
$68,210,644
$65,426,690
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$26,041,387
$29,969,491
+15%
Unrestricted Net Assets
$74,050,468
$66,207,318
-11%
Net assets
2023
2024
Change
Net assets
+$100,091,855
+$96,176,809
-4%
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