ALMA COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$259,551,600
Investments
56%
Property, Plant, & Equipment (net)
37%
Receivables (Non-Related)
6%
Prepaid Expenses
<1%
Cash & Equivalents
<1%
Inventories
<1%
Related-Party Receivables
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$66,506,295
Notes Payable / Debt (Non-Related)
76%
Payables & Accruals
11%
Tax-Exempt Bond Liabilities
10%
Other Liabilities
2%
Deferred Revenue
1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,124,123
$839,136
-25%
Receivables (Non-Related)
$17,382,739
$15,548,583
-11%
Related-Party Receivables
$0
$0
-
Inventories
$200,143
$236,733
+18%
Prepaid Expenses
$1,431,314
$1,688,490
+18%
Investments
$145,117,039
$146,435,648
+1%
Property, Plant, & Equipment (net)
$90,236,029
$94,803,010
+5%
Other Assets
$703,604
$0
-100%
Total Assets
$256,194,991
$259,551,600
+1%
Liabilities
2023
2024
Change
Payables & Accruals
$6,318,384
$7,276,482
+15%
Grants Payable
-
-
-
Deferred Revenue
$602,827
$904,225
+50%
Tax-Exempt Bond Liabilities
$7,420,000
$6,890,000
-7%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$51,269,531
$50,386,306
-2%
Related-Party Payables
-
-
-
Other Liabilities
$2,916,231
$1,049,282
-64%
Total Liabilities
$68,526,973
$66,506,295
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$136,196,653
$139,652,442
+3%
Unrestricted Net Assets
$51,471,365
$53,392,863
+4%
Net assets
2023
2024
Change
Net assets
+$187,668,018
+$193,045,305
+3%
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