MARS HILL UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$161,689,351
Property, Plant, & Equipment (net)
44%
Investments
37%
Cash & Equivalents
10%
Other Assets
6%
Receivables (Non-Related)
2%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$47,829,140
Notes Payable / Debt (Non-Related)
87%
Payables & Accruals
8%
Other Liabilities
5%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$17,010,145
$16,579,228
-3%
Receivables (Non-Related)
$6,861,072
$3,860,797
-44%
Related-Party Receivables
-
-
-
Inventories
$274,782
$278,747
+1%
Prepaid Expenses
$151,460
$144,601
-5%
Investments
$63,253,464
$60,409,195
-4%
Property, Plant, & Equipment (net)
$67,986,058
$71,404,853
+5%
Other Assets
$8,458,534
$9,011,930
+7%
Total Assets
$163,995,515
$161,689,351
-1%
Liabilities
2023
2024
Change
Payables & Accruals
$3,983,841
$3,596,441
-10%
Grants Payable
-
-
-
Deferred Revenue
$372,555
$252,151
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$41,402,801
$41,596,451
+0%
Related-Party Payables
-
-
-
Other Liabilities
$2,125,826
$2,384,097
+12%
Total Liabilities
$47,885,023
$47,829,140
0%
Net assets
2023
2024
Change
Restricted Net Assets
$83,144,429
$82,234,439
-1%
Unrestricted Net Assets
$32,966,063
$31,625,772
-4%
Net assets
2023
2024
Change
Net assets
+$116,110,492
+$113,860,211
-2%
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