UNIVERSITY OF MOBILE
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$73,653,262
Property, Plant, & Equipment (net)
45%
Investments
35%
Cash & Equivalents
13%
Receivables (Non-Related)
4%
Prepaid Expenses
1%
Other Assets
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$32,965,045
Tax-Exempt Bond Liabilities
80%
Notes Payable / Debt (Non-Related)
7%
Other Liabilities
6%
Payables & Accruals
4%
Deferred Revenue
3%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$11,435,481
$9,931,845
-13%
Receivables (Non-Related)
$3,083,447
$2,976,894
-3%
Related-Party Receivables
-
-
-
Inventories
$141,800
$159,344
+12%
Prepaid Expenses
$1,002,261
$945,012
-6%
Investments
$24,549,527
$26,044,452
+6%
Property, Plant, & Equipment (net)
$34,527,230
$33,367,800
-3%
Other Assets
$389,255
$227,915
-41%
Total Assets
$75,129,001
$73,653,262
-2%
Liabilities
2023
2024
Change
Payables & Accruals
$1,354,980
$1,383,192
+2%
Grants Payable
-
-
-
Deferred Revenue
$913,038
$853,232
-7%
Tax-Exempt Bond Liabilities
$27,061,615
$26,494,874
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,709,426
$2,307,094
-15%
Related-Party Payables
-
-
-
Other Liabilities
$1,908,155
$1,926,653
+1%
Total Liabilities
$33,947,214
$32,965,045
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$28,125,160
$28,261,211
+0%
Unrestricted Net Assets
$13,056,627
$12,427,006
-5%
Net assets
2023
2024
Change
Net assets
+$41,181,787
+$40,688,217
-1%
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