TOWER HILL SCHOOL ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$125,431,337
Investments
53%
Property, Plant, & Equipment (net)
35%
Cash & Equivalents
7%
Receivables (Non-Related)
3%
Other Assets
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$15,841,657
Notes Payable / Debt (Non-Related)
51%
Deferred Revenue
43%
Payables & Accruals
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$9,467,305
$8,427,232
-11%
Receivables (Non-Related)
$2,394,785
$3,682,697
+54%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$130,561
$302,967
+132%
Investments
$60,515,680
$65,992,750
+9%
Property, Plant, & Equipment (net)
$37,781,704
$43,781,331
+16%
Other Assets
$5,811,264
$3,244,360
-44%
Total Assets
$116,101,299
$125,431,337
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$1,532,156
$987,526
-36%
Grants Payable
-
-
-
Deferred Revenue
$7,066,267
$6,784,148
-4%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$8,389,242
$8,069,983
-4%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$16,987,665
$15,841,657
-7%
Net assets
2023
2024
Change
Restricted Net Assets
$51,208,990
$57,257,092
+12%
Unrestricted Net Assets
$47,904,644
$52,332,588
+9%
Net assets
2023
2024
Change
Net assets
+$99,113,634
+$109,589,680
+11%
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