Shorter University
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$62,896,123
Property, Plant, & Equipment (net)
57%
Investments
30%
Cash & Equivalents
11%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$16,167,053
Notes Payable / Debt (Non-Related)
84%
Payables & Accruals
8%
Other Liabilities
6%
Deferred Revenue
2%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,712,106
$6,774,136
+19%
Receivables (Non-Related)
$289,124
$662,678
+129%
Related-Party Receivables
$0
$0
-
Inventories
$49,387
$20,515
-58%
Prepaid Expenses
$406,318
$430,317
+6%
Investments
$18,327,749
$18,812,005
+3%
Property, Plant, & Equipment (net)
$33,994,488
$35,866,548
+6%
Other Assets
$357,515
$329,924
-8%
Total Assets
$59,136,687
$62,896,123
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,232,087
$1,234,739
+0%
Grants Payable
-
-
-
Deferred Revenue
$396,289
$371,498
-6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$13,763,171
$13,623,171
-1%
Related-Party Payables
$0
$0
-
Other Liabilities
$1,505,634
$937,645
-38%
Total Liabilities
$16,897,181
$16,167,053
-4%
Net assets
2023
2024
Change
Restricted Net Assets
$14,420,054
$14,534,841
+1%
Unrestricted Net Assets
$27,819,452
$32,194,229
+16%
Net assets
2023
2024
Change
Net assets
+$42,239,506
+$46,729,070
+11%
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