EDUCATIONAL CREDIT MANAGEMENT CORPORATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
EDUCATIONAL CREDIT MANAGEMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$209,123,067
Other Assets
73%
Receivables (Non-Related)
14%
Cash & Equivalents
11%
Prepaid Expenses
<1%
Related-Party Receivables
<1%
Property, Plant, & Equipment (net)
<1%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$167,236,990
Other Liabilities
93%
Payables & Accruals
5%
Custodial & Escrow Liabilities
<1%
Deferred Revenue
<1%
Grants Payable
<1%
Tax-Exempt Bond Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,043,583
$24,013,401
+41%
Receivables (Non-Related)
$55,442,546
$29,952,993
-46%
Related-Party Receivables
-
$950,515
-
Inventories
-
-
-
Prepaid Expenses
$447,065
$1,482,589
+232%
Investments
-
-
-
Property, Plant, & Equipment (net)
$29,109
$22,640
-22%
Other Assets
$222,131,413
$152,700,929
-31%
Total Assets
$295,093,716
$209,123,067
-29%
Liabilities
2023
2024
Change
Payables & Accruals
$8,185,460
$8,105,165
-1%
Grants Payable
$359,924
$422,234
+17%
Deferred Revenue
$740,402
$915,401
+24%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,467,535
$1,445,073
-2%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$245,863,907
$156,349,117
-36%
Total Liabilities
$256,617,228
$167,236,990
-35%
Net assets
2023
2024
Change
Restricted Net Assets
$3,472,000
$3,646,000
+5%
Unrestricted Net Assets
$35,004,488
$38,240,077
+9%
Net assets
2023
2024
Change
Net assets
+$38,476,488
+$41,886,077
+9%
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