LINCOLN MEMORIAL UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$472,809,880
Property, Plant, & Equipment (net)
66%
Cash & Equivalents
18%
Investments
12%
Other Assets
2%
Receivables (Non-Related)
1%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$132,519,176
Notes Payable / Debt (Non-Related)
69%
Deferred Revenue
14%
Payables & Accruals
9%
Other Liabilities
7%
Custodial & Escrow Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$33,525,183
$86,050,602
+157%
Receivables (Non-Related)
$8,083,558
$6,475,857
-20%
Related-Party Receivables
-
-
-
Inventories
-
$4,597
-
Prepaid Expenses
$3,776,852
$3,764,491
0%
Investments
$67,326,779
$58,970,650
-12%
Property, Plant, & Equipment (net)
$292,259,996
$309,856,172
+6%
Other Assets
$6,700,813
$7,687,511
+15%
Total Assets
$411,673,181
$472,809,880
+15%
Liabilities
2023
2024
Change
Payables & Accruals
$9,649,185
$11,929,684
+24%
Grants Payable
-
-
-
Deferred Revenue
$17,199,813
$18,897,033
+10%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
$1,680,447
$1,693,747
+1%
Notes Payable / Debt (Non-Related)
$90,980,557
$91,177,166
+0%
Related-Party Payables
-
-
-
Other Liabilities
$10,377,598
$8,821,546
-15%
Total Liabilities
$129,887,600
$132,519,176
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$58,852,863
$63,594,231
+8%
Unrestricted Net Assets
$222,932,718
$276,696,473
+24%
Net assets
2023
2024
Change
Net assets
+$281,785,581
+$340,290,704
+21%
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