ADRIAN COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$191,802,255
Property, Plant, & Equipment (net)
44%
Investments
27%
Other Assets
15%
Cash & Equivalents
8%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$65,799,364
Notes Payable / Debt (Non-Related)
80%
Deferred Revenue
10%
Payables & Accruals
7%
Other Liabilities
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,498,942
$14,637,860
+54%
Receivables (Non-Related)
$8,288,475
$11,499,416
+39%
Related-Party Receivables
-
$0
-
Inventories
$667,945
$623,455
-7%
Prepaid Expenses
$1,302,362
$844,201
-35%
Investments
$48,083,250
$50,902,806
+6%
Property, Plant, & Equipment (net)
$83,830,996
$84,697,771
+1%
Other Assets
$26,047,745
$28,596,746
+10%
Total Assets
$177,719,715
$191,802,255
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$6,762,763
$4,819,827
-29%
Grants Payable
-
$0
-
Deferred Revenue
$6,910,426
$6,898,475
0%
Tax-Exempt Bond Liabilities
-
$0
-
Custodial & Escrow Liabilities
-
$0
-
Notes Payable / Debt (Non-Related)
$49,458,308
$52,473,375
+6%
Related-Party Payables
-
$0
-
Other Liabilities
$509,298
$1,607,687
+216%
Total Liabilities
$63,640,795
$65,799,364
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$88,842,208
$99,638,114
+12%
Unrestricted Net Assets
$25,236,712
$26,364,777
+4%
Net assets
2023
2024
Change
Net assets
+$114,078,920
+$126,002,891
+10%
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