LAKE ERIE COLLEGE OF OSTEOPATHIC MEDICINE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$1,082,321,963
Investments
71%
Cash & Equivalents
13%
Property, Plant, & Equipment (net)
13%
Receivables (Non-Related)
2%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$118,635,674
Notes Payable / Debt (Non-Related)
43%
Deferred Revenue
41%
Payables & Accruals
13%
Other Liabilities
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$119,026,938
$139,556,171
+17%
Receivables (Non-Related)
$16,679,226
$20,000,080
+20%
Related-Party Receivables
-
-
-
Inventories
$345,221
$435,602
+26%
Prepaid Expenses
$6,500,527
$6,048,042
-7%
Investments
$681,727,676
$770,908,708
+13%
Property, Plant, & Equipment (net)
$126,936,912
$136,360,196
+7%
Other Assets
$10,598,512
$9,013,164
-15%
Total Assets
$961,815,012
$1,082,321,963
+13%
Liabilities
2023
2024
Change
Payables & Accruals
$11,060,268
$15,089,598
+36%
Grants Payable
-
-
-
Deferred Revenue
$43,524,946
$48,141,818
+11%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$53,716,667
$51,516,667
-4%
Related-Party Payables
-
-
-
Other Liabilities
$10,317,684
$3,887,591
-62%
Total Liabilities
$118,619,565
$118,635,674
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$4,326,758
$5,029,560
+16%
Unrestricted Net Assets
$838,868,689
$958,656,729
+14%
Net assets
2023
2024
Change
Net assets
+$843,195,447
+$963,686,289
+14%
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