Southern College of Optometry
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2025 (Year End)
$95,787,704
Investments
54%
Property, Plant, & Equipment (net)
25%
Receivables (Non-Related)
14%
Cash & Equivalents
5%
Other Assets
1%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2025 (Year End)
$17,769,193
Other Liabilities
67%
Deferred Revenue
19%
Payables & Accruals
15%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2024
2025
Change
Cash & Equivalents
$3,847,632
$4,616,765
+20%
Receivables (Non-Related)
$9,297,007
$13,706,323
+47%
Related-Party Receivables
-
-
-
Inventories
$461,993
$471,348
+2%
Prepaid Expenses
$218,403
$167,798
-23%
Investments
$50,413,050
$51,501,939
+2%
Property, Plant, & Equipment (net)
$25,006,974
$23,903,620
-4%
Other Assets
$1,175,384
$1,419,911
+21%
Total Assets
$90,420,443
$95,787,704
+6%
Liabilities
2024
2025
Change
Payables & Accruals
$2,093,266
$2,611,048
+25%
Grants Payable
-
-
-
Deferred Revenue
$2,436,194
$3,302,610
+36%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$12,156,785
$11,855,535
-2%
Total Liabilities
$16,686,245
$17,769,193
+6%
Net assets
2024
2025
Change
Restricted Net Assets
$26,773,927
$29,820,242
+11%
Unrestricted Net Assets
$46,960,271
$48,198,269
+3%
Net assets
2024
2025
Change
Net assets
+$73,734,198
+$78,018,511
+6%
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