UNIVERSITY OF DETROIT MERCY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$318,876,008
Property, Plant, & Equipment (net)
45%
Investments
32%
Cash & Equivalents
15%
Receivables (Non-Related)
8%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$92,296,140
Tax-Exempt Bond Liabilities
59%
Payables & Accruals
16%
Other Liabilities
15%
Deferred Revenue
10%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$43,993,352
$48,375,100
+10%
Receivables (Non-Related)
$25,897,052
$24,062,429
-7%
Related-Party Receivables
$0
$0
-
Inventories
$0
$0
-
Prepaid Expenses
$2,150,890
$1,687,292
-22%
Investments
$86,017,207
$100,462,411
+17%
Property, Plant, & Equipment (net)
$138,604,032
$144,288,776
+4%
Other Assets
$0
$0
-
Total Assets
$296,662,533
$318,876,008
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$14,681,998
$15,131,450
+3%
Grants Payable
$0
$0
-
Deferred Revenue
$10,008,047
$9,402,473
-6%
Tax-Exempt Bond Liabilities
$50,918,651
$54,188,164
+6%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$15,379,836
$13,574,053
-12%
Total Liabilities
$90,988,532
$92,296,140
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$94,875,994
$111,283,183
+17%
Unrestricted Net Assets
$110,798,007
$115,296,685
+4%
Net assets
2023
2024
Change
Net assets
+$205,674,001
+$226,579,868
+10%
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