THE LUTHERAN UNIVERSITY ASSOCIATION INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$602,858,223
Investments
56%
Property, Plant, & Equipment (net)
37%
Receivables (Non-Related)
5%
Cash & Equivalents
2%
Other Assets
<1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$167,447,226
Tax-Exempt Bond Liabilities
62%
Other Liabilities
26%
Payables & Accruals
6%
Deferred Revenue
4%
Grants Payable
1%
Notes Payable / Debt (Non-Related)
<1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$8,793,792
$9,748,872
+11%
Receivables (Non-Related)
$28,915,654
$28,802,644
0%
Related-Party Receivables
$0
$0
-
Inventories
$29,936
$27,873
-7%
Prepaid Expenses
$1,438,473
$2,118,300
+47%
Investments
$340,909,893
$338,581,453
-1%
Property, Plant, & Equipment (net)
$228,247,201
$220,309,574
-3%
Other Assets
$4,132,956
$3,269,507
-21%
Total Assets
$612,467,905
$602,858,223
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$9,780,904
$9,596,291
-2%
Grants Payable
$3,876,378
$2,221,785
-43%
Deferred Revenue
$7,559,419
$6,800,748
-10%
Tax-Exempt Bond Liabilities
$101,877,369
$104,130,894
+2%
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$685,392
$609,861
-11%
Related-Party Payables
$0
$0
-
Other Liabilities
$39,050,291
$44,087,647
+13%
Total Liabilities
$162,829,753
$167,447,226
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$393,716,003
$393,768,613
+0%
Unrestricted Net Assets
$55,922,149
$41,642,384
-26%
Net assets
2023
2024
Change
Net assets
+$449,638,152
+$435,410,997
-3%
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