CLAFLIN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2023 (Year End)
$176,325,062
Investments
48%
Property, Plant, & Equipment (net)
28%
Cash & Equivalents
21%
Receivables (Non-Related)
2%
Prepaid Expenses
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2023 (Year End)
$32,633,790
Notes Payable / Debt (Non-Related)
65%
Deferred Revenue
16%
Payables & Accruals
14%
Custodial & Escrow Liabilities
3%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2022
2023
Change
Cash & Equivalents
$29,347,170
$36,831,296
+26%
Receivables (Non-Related)
$2,042,501
$3,529,134
+73%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$521,601
$547,565
+5%
Investments
$75,920,573
$85,498,845
+13%
Property, Plant, & Equipment (net)
$51,659,486
$49,858,724
-3%
Other Assets
$58,735
$59,498
+1%
Total Assets
$159,550,066
$176,325,062
+11%
Liabilities
2022
2023
Change
Payables & Accruals
$4,400,838
$4,694,873
+7%
Grants Payable
-
-
-
Deferred Revenue
$4,187,395
$5,140,026
+23%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$883,365
$1,036,966
+17%
Notes Payable / Debt (Non-Related)
$16,549,500
$21,354,730
+29%
Related-Party Payables
-
-
-
Other Liabilities
$633,620
$407,195
-36%
Total Liabilities
$26,654,718
$32,633,790
+22%
Net assets
2022
2023
Change
Restricted Net Assets
$36,586,471
$47,806,750
+31%
Unrestricted Net Assets
$96,308,877
$95,884,522
0%
Net assets
2022
2023
Change
Net assets
+$132,895,348
+$143,691,272
+8%
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