MidAmerica Nazarene University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$56,649,044
Property, Plant, & Equipment (net)
86%
Receivables (Non-Related)
9%
Cash & Equivalents
3%
Other Assets
2%
Prepaid Expenses
<1%
Investments
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$25,941,483
Notes Payable / Debt (Non-Related)
55%
Other Liabilities
34%
Payables & Accruals
8%
Deferred Revenue
3%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,269,330
$1,666,828
-27%
Receivables (Non-Related)
$4,910,467
$4,895,744
0%
Related-Party Receivables
$0
$0
-
Inventories
$73,222
$77,422
+6%
Prepaid Expenses
$435,644
$323,784
-26%
Investments
$358,339
$206,313
-42%
Property, Plant, & Equipment (net)
$47,332,355
$48,563,050
+3%
Other Assets
$1,346,536
$915,903
-32%
Total Assets
$56,725,893
$56,649,044
0%
Liabilities
2023
2024
Change
Payables & Accruals
$1,930,656
$2,080,713
+8%
Grants Payable
-
-
-
Deferred Revenue
$1,525,039
$848,973
-44%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$16,020,778
$14,309,470
-11%
Related-Party Payables
$0
$0
-
Other Liabilities
$5,265,654
$8,702,327
+65%
Total Liabilities
$24,742,127
$25,941,483
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$1,074,829
$3,274,609
+205%
Unrestricted Net Assets
$30,908,937
$27,432,952
-11%
Net assets
2023
2024
Change
Net assets
+$31,983,766
+$30,707,561
-4%
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