LUTHER COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$326,653,053
Investments
64%
Property, Plant, & Equipment (net)
16%
Cash & Equivalents
11%
Receivables (Non-Related)
4%
Other Assets
4%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$35,057,677
Tax-Exempt Bond Liabilities
51%
Other Liabilities
27%
Payables & Accruals
20%
Deferred Revenue
1%
Custodial & Escrow Liabilities
<1%
Grants Payable
<1%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$39,922,766
$36,149,185
-9%
Receivables (Non-Related)
$4,545,386
$13,987,209
+208%
Related-Party Receivables
-
-
-
Inventories
$571,501
$479,084
-16%
Prepaid Expenses
$163,445
$349,991
+114%
Investments
$192,542,829
$209,997,303
+9%
Property, Plant, & Equipment (net)
$56,673,012
$52,809,862
-7%
Other Assets
$11,487,896
$12,880,419
+12%
Total Assets
$305,906,835
$326,653,053
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$7,471,514
$7,059,342
-6%
Grants Payable
$889,151
$193,301
-78%
Deferred Revenue
$1,017,637
$371,873
-63%
Tax-Exempt Bond Liabilities
$19,208,303
$17,846,438
-7%
Custodial & Escrow Liabilities
$248,489
$263,416
+6%
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$10,242,244
$9,323,307
-9%
Total Liabilities
$39,077,338
$35,057,677
-10%
Net assets
2023
2024
Change
Restricted Net Assets
$182,268,585
$208,853,609
+15%
Unrestricted Net Assets
$84,560,912
$82,741,767
-2%
Net assets
2023
2024
Change
Net assets
+$266,829,497
+$291,595,376
+9%
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