ROCKFORD UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$65,210,087
Property, Plant, & Equipment (net)
39%
Other Assets
24%
Investments
24%
Receivables (Non-Related)
8%
Cash & Equivalents
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$12,284,328
Notes Payable / Debt (Non-Related)
48%
Tax-Exempt Bond Liabilities
24%
Payables & Accruals
16%
Other Liabilities
9%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,605,953
$2,972,931
-47%
Receivables (Non-Related)
$3,407,712
$5,055,633
+48%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$502,307
$566,684
+13%
Investments
$13,160,284
$15,340,325
+17%
Property, Plant, & Equipment (net)
$22,479,718
$25,646,919
+14%
Other Assets
$14,414,990
$15,627,595
+8%
Total Assets
$59,570,964
$65,210,087
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$2,015,244
$1,944,260
-4%
Grants Payable
-
-
-
Deferred Revenue
$381,950
$419,462
+10%
Tax-Exempt Bond Liabilities
$3,141,959
$2,899,999
-8%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$4,687,032
$5,925,686
+26%
Related-Party Payables
-
-
-
Other Liabilities
$1,365,375
$1,094,921
-20%
Total Liabilities
$11,591,560
$12,284,328
+6%
Net assets
2023
2024
Change
Restricted Net Assets
$32,544,734
$37,117,955
+14%
Unrestricted Net Assets
$15,434,670
$15,807,804
+2%
Net assets
2023
2024
Change
Net assets
+$47,979,404
+$52,925,759
+10%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)