Randolph-Macon Academy
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$36,961,071
Property, Plant, & Equipment (net)
55%
Investments
32%
Cash & Equivalents
5%
Receivables (Non-Related)
4%
Other Assets
2%
Inventories
1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$5,898,859
Notes Payable / Debt (Non-Related)
52%
Payables & Accruals
20%
Deferred Revenue
20%
Other Liabilities
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,300,009
$1,872,630
-43%
Receivables (Non-Related)
$4,573,263
$1,357,966
-70%
Related-Party Receivables
-
-
-
Inventories
$316,992
$384,532
+21%
Prepaid Expenses
$410,087
$310,183
-24%
Investments
$10,919,621
$11,929,394
+9%
Property, Plant, & Equipment (net)
$19,539,276
$20,199,371
+3%
Other Assets
$650,028
$906,995
+40%
Total Assets
$39,709,276
$36,961,071
-7%
Liabilities
2023
2024
Change
Payables & Accruals
$963,985
$1,182,213
+23%
Grants Payable
-
-
-
Deferred Revenue
$1,824,929
$1,165,091
-36%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,191,244
$3,038,513
-5%
Related-Party Payables
-
-
-
Other Liabilities
$271,267
$513,042
+89%
Total Liabilities
$6,251,425
$5,898,859
-6%
Net assets
2023
2024
Change
Restricted Net Assets
$14,510,784
$13,350,445
-8%
Unrestricted Net Assets
$18,947,067
$17,711,767
-7%
Net assets
2023
2024
Change
Net assets
+$33,457,851
+$31,062,212
-7%
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