SPRING HILL COLLEGE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$131,393,556
Property, Plant, & Equipment (net)
65%
Investments
18%
Other Assets
10%
Cash & Equivalents
4%
Receivables (Non-Related)
3%
Inventories
<1%
Related-Party Receivables
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$65,020,542
Tax-Exempt Bond Liabilities
76%
Notes Payable / Debt (Non-Related)
11%
Payables & Accruals
9%
Deferred Revenue
3%
Other Liabilities
2%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$5,192,162
$5,196,326
+0%
Receivables (Non-Related)
$4,759,936
$4,149,490
-13%
Related-Party Receivables
-
-
-
Inventories
$28,824
$25,046
-13%
Prepaid Expenses
-
-
-
Investments
$32,654,028
$24,062,245
-26%
Property, Plant, & Equipment (net)
$88,698,519
$84,861,207
-4%
Other Assets
$12,762,686
$13,099,242
+3%
Total Assets
$144,096,155
$131,393,556
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$4,664,628
$5,794,009
+24%
Grants Payable
-
-
-
Deferred Revenue
$1,747,194
$1,685,700
-4%
Tax-Exempt Bond Liabilities
$50,926,754
$49,360,314
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,700,000
$6,961,146
+4%
Related-Party Payables
-
-
-
Other Liabilities
$687,433
$1,219,373
+77%
Total Liabilities
$64,726,009
$65,020,542
+0%
Net assets
2023
2024
Change
Restricted Net Assets
$32,513,298
$32,968,553
+1%
Unrestricted Net Assets
$46,856,848
$33,404,461
-29%
Net assets
2023
2024
Change
Net assets
+$79,370,146
+$66,373,014
-16%
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