SHENANDOAH UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$334,741,039
Property, Plant, & Equipment (net)
54%
Investments
26%
Cash & Equivalents
9%
Other Assets
7%
Receivables (Non-Related)
3%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$114,198,136
Tax-Exempt Bond Liabilities
71%
Other Liabilities
14%
Payables & Accruals
7%
Deferred Revenue
4%
Notes Payable / Debt (Non-Related)
3%
Grants Payable
1%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$13,110,624
$30,229,028
+131%
Receivables (Non-Related)
$9,655,913
$10,659,133
+10%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$2,715,661
$2,278,635
-16%
Investments
$78,982,258
$86,913,408
+10%
Property, Plant, & Equipment (net)
$177,514,096
$179,797,645
+1%
Other Assets
$16,703,421
$24,863,190
+49%
Total Assets
$298,681,973
$334,741,039
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$6,951,134
$8,059,732
+16%
Grants Payable
$1,991,424
$1,602,826
-20%
Deferred Revenue
$5,603,527
$4,768,917
-15%
Tax-Exempt Bond Liabilities
$83,898,034
$80,645,319
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$3,946,269
$3,664,180
-7%
Related-Party Payables
-
-
-
Other Liabilities
$6,652,349
$15,457,162
+132%
Total Liabilities
$109,042,737
$114,198,136
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$74,917,657
$83,268,688
+11%
Unrestricted Net Assets
$114,721,579
$137,274,215
+20%
Net assets
2023
2024
Change
Net assets
+$189,639,236
+$220,542,903
+16%
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