Evangel University
Balance Sheet
Fiscal Year Start:
May 1
Assets in 2024 (Year End)
$107,967,415
Property, Plant, & Equipment (net)
66%
Investments
17%
Other Assets
11%
Cash & Equivalents
4%
Prepaid Expenses
1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$44,057,032
Notes Payable / Debt (Non-Related)
67%
Payables & Accruals
18%
Deferred Revenue
14%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,763,889
$4,600,398
-64%
Receivables (Non-Related)
$1,487,056
$945,569
-36%
Related-Party Receivables
$0
$0
-
Inventories
$63,995
$68,916
+8%
Prepaid Expenses
$1,235,417
$1,438,682
+16%
Investments
$20,104,197
$18,397,730
-8%
Property, Plant, & Equipment (net)
$57,008,926
$71,134,574
+25%
Other Assets
$11,073,849
$11,381,546
+3%
Total Assets
$103,737,329
$107,967,415
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$7,437,098
$7,936,836
+7%
Grants Payable
$0
-
-
Deferred Revenue
$5,423,830
$5,978,183
+10%
Tax-Exempt Bond Liabilities
$0
-
-
Custodial & Escrow Liabilities
$0
-
-
Notes Payable / Debt (Non-Related)
$29,639,080
$29,606,560
0%
Related-Party Payables
$0
$0
-
Other Liabilities
$462,298
$535,453
+16%
Total Liabilities
$42,962,306
$44,057,032
+3%
Net assets
2023
2024
Change
Restricted Net Assets
$53,726,035
$56,390,359
+5%
Unrestricted Net Assets
$7,048,988
$7,520,024
+7%
Net assets
2023
2024
Change
Net assets
+$60,775,023
+$63,910,383
+5%
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