Hanover College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$253,267,397
Investments
60%
Property, Plant, & Equipment (net)
24%
Other Assets
7%
Receivables (Non-Related)
4%
Cash & Equivalents
4%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$32,793,045
Tax-Exempt Bond Liabilities
53%
Other Liabilities
18%
Notes Payable / Debt (Non-Related)
12%
Payables & Accruals
9%
Deferred Revenue
8%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$10,087,776
$9,807,012
-3%
Receivables (Non-Related)
$8,995,984
$10,634,540
+18%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$1,808,741
$2,022,792
+12%
Investments
$151,375,936
$152,259,119
+1%
Property, Plant, & Equipment (net)
$59,611,853
$60,465,008
+1%
Other Assets
$13,344,098
$18,078,926
+35%
Total Assets
$245,224,388
$253,267,397
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$2,948,402
$2,916,483
-1%
Grants Payable
$0
$0
-
Deferred Revenue
$2,007,638
$2,731,487
+36%
Tax-Exempt Bond Liabilities
$18,495,923
$17,428,254
-6%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$3,695,322
$3,941,468
+7%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,800,150
$5,775,353
+221%
Total Liabilities
$28,947,435
$32,793,045
+13%
Net assets
2023
2024
Change
Restricted Net Assets
$133,148,096
$138,436,329
+4%
Unrestricted Net Assets
$83,128,857
$82,038,023
-1%
Net assets
2023
2024
Change
Net assets
+$216,276,953
+$220,474,352
+2%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)