MARTIN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2023 (Year End)
$7,300,873
Property, Plant, & Equipment (net)
96%
Receivables (Non-Related)
2%
Prepaid Expenses
1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2023 (Year End)
$1,963,724
Tax-Exempt Bond Liabilities
32%
Payables & Accruals
26%
Related-Party Payables
16%
Notes Payable / Debt (Non-Related)
15%
Deferred Revenue
6%
Other Liabilities
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Assets
2022
2023
Change
Cash & Equivalents
$2,220,442
$47,181
-98%
Receivables (Non-Related)
$127,198
$158,957
+25%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$148,036
$74,557
-50%
Investments
-
-
-
Property, Plant, & Equipment (net)
$7,461,588
$7,020,178
-6%
Other Assets
$0
-
-
Total Assets
$9,957,264
$7,300,873
-27%
Liabilities
2022
2023
Change
Payables & Accruals
$755,020
$505,241
-33%
Grants Payable
-
-
-
Deferred Revenue
$118,481
$114,360
-3%
Tax-Exempt Bond Liabilities
$797,500
$630,961
-21%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$353,217
$297,795
-16%
Related-Party Payables
-
$310,000
-
Other Liabilities
$109,042
$105,367
-3%
Total Liabilities
$2,133,260
$1,963,724
-8%
Net assets
2022
2023
Change
Restricted Net Assets
$3,260,316
$2,902,990
-11%
Unrestricted Net Assets
$4,563,688
$2,434,159
-47%
Net assets
2022
2023
Change
Net assets
+$7,824,004
+$5,337,149
-32%
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