WELCH COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$40,318,191
Property, Plant, & Equipment (net)
74%
Investments
12%
Receivables (Non-Related)
12%
Cash & Equivalents
1%
Prepaid Expenses
<1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$18,525,742
Notes Payable / Debt (Non-Related)
96%
Payables & Accruals
3%
Other Liabilities
<1%
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
$856,099
$515,698
-40%
Receivables (Non-Related)
$3,028,257
$4,894,382
+62%
Related-Party Receivables
-
-
-
Inventories
$3,924
$4,980
+27%
Prepaid Expenses
$117,863
$82,462
-30%
Investments
$4,920,096
$5,028,309
+2%
Property, Plant, & Equipment (net)
$30,303,944
$29,709,944
-2%
Other Assets
$58,000
$82,416
+42%
Total Assets
$39,288,183
$40,318,191
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$592,377
$552,986
-7%
Grants Payable
-
-
-
Deferred Revenue
$70,049
$43,680
-38%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$17,372,297
$17,755,758
+2%
Related-Party Payables
-
-
-
Other Liabilities
$176,731
$173,318
-2%
Total Liabilities
$18,211,454
$18,525,742
+2%
Net assets
2023
2024
Change
Restricted Net Assets
$5,368,053
$6,524,703
+22%
Unrestricted Net Assets
$15,708,676
$15,267,746
-3%
Net assets
2023
2024
Change
Net assets
+$21,076,729
+$21,792,449
+3%
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