MILLIGAN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2025 (Year End)
$136,014,112
Investments
50%
Property, Plant, & Equipment (net)
29%
Cash & Equivalents
15%
Receivables (Non-Related)
4%
Other Assets
2%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$13,471,876
Deferred Revenue
33%
Tax-Exempt Bond Liabilities
31%
Payables & Accruals
20%
Notes Payable / Debt (Non-Related)
13%
Other Liabilities
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$17,242,953
$20,421,496
+18%
Receivables (Non-Related)
$6,343,941
$5,352,231
-16%
Related-Party Receivables
-
-
-
Inventories
$282,714
$305,177
+8%
Prepaid Expenses
$30,662
$26,625
-13%
Investments
$62,801,849
$67,459,410
+7%
Property, Plant, & Equipment (net)
$40,135,510
$39,068,641
-3%
Other Assets
$3,386,757
$3,380,532
0%
Total Assets
$130,224,386
$136,014,112
+4%
Liabilities
2024
2025
Change
Payables & Accruals
$2,351,738
$2,756,356
+17%
Grants Payable
-
-
-
Deferred Revenue
$4,540,948
$4,458,280
-2%
Tax-Exempt Bond Liabilities
$4,934,925
$4,184,464
-15%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,948,104
$1,705,698
-12%
Related-Party Payables
-
-
-
Other Liabilities
$421,568
$367,078
-13%
Total Liabilities
$14,197,283
$13,471,876
-5%
Net assets
2024
2025
Change
Restricted Net Assets
$69,192,608
$72,748,677
+5%
Unrestricted Net Assets
$46,834,495
$49,793,559
+6%
Net assets
2024
2025
Change
Net assets
+$116,027,103
+$122,542,236
+6%
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