TRANSYLVANIA UNIVERSITY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$71,833,655
Program Services
73%
Other
13%
Contributions
11%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$69,813,197
Grants
39%
Salaries & Benefits
33%
Other
9%
Depreciation
7%
Offices, Occupancy & IT
7%
Interest
3%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$4,299,336
$7,548,199
+76%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$48,781,963
$52,535,964
+8%
Membership Dues
$0
$0
-
Investments
$1,975,928
$2,222,731
+12%
Other
$11,434,603
$9,526,761
-17%
Total Revenues
$66,491,830
$71,833,655
+8%
Expenses
2023
2024
Change
Grants
$24,587,088
$27,357,591
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$23,954,648
$23,053,139
-4%
Fees to Service Providers
$1,695,642
$1,749,294
+3%
Advertising & Promotion
$396,479
$145,239
-63%
Offices, Occupancy & IT
$5,028,273
$4,863,819
-3%
Interest
$1,831,942
$1,789,224
-2%
Depreciation
$5,309,471
$4,865,671
-8%
Other
$6,057,413
$5,989,220
-1%
Total Expenses
$68,860,956
$69,813,197
+1%
Net income
2023
2024
Change
Net income
-$2,369,126
+$2,020,458
-185%
Functional Expenses
Summary
2023
2024
Change
Program
$60,788,049
$62,205,132
+2%
Admin
$6,776,567
$6,099,241
-10%
Fundraising
$1,296,340
$1,508,824
+16%
Total Expenses
$68,860,956
$69,813,197
+1%
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