THE SOUTHWESTERN COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$42,458,293
Property, Plant, & Equipment (net)
71%
Investments
16%
Cash & Equivalents
7%
Receivables (Non-Related)
4%
Other Assets
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$21,157,555
Notes Payable / Debt (Non-Related)
86%
Other Liabilities
8%
Payables & Accruals
6%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,364,986
$2,897,175
+23%
Receivables (Non-Related)
$1,724,248
$1,628,497
-6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$235,956
$365,792
+55%
Investments
$6,080,428
$6,710,897
+10%
Property, Plant, & Equipment (net)
$28,960,620
$30,328,937
+5%
Other Assets
$327,275
$526,995
+61%
Total Assets
$39,693,513
$42,458,293
+7%
Liabilities
2023
2024
Change
Payables & Accruals
$1,035,985
$1,365,512
+32%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$16,365,586
$18,131,709
+11%
Related-Party Payables
-
-
-
Other Liabilities
$1,585,259
$1,660,334
+5%
Total Liabilities
$18,986,830
$21,157,555
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$30,051,446
$31,187,596
+4%
Unrestricted Net Assets
-$9,344,763
-$9,886,858
-6%
Net assets
2023
2024
Change
Net assets
+$20,706,683
+$21,300,738
+3%
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