SOUTHERN NAZARENE UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$114,285,569
Property, Plant, & Equipment (net)
71%
Investments
24%
Cash & Equivalents
3%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$53,568,222
Notes Payable / Debt (Non-Related)
59%
Tax-Exempt Bond Liabilities
18%
Other Liabilities
9%
Payables & Accruals
7%
Deferred Revenue
7%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,814,946
$3,629,271
-47%
Receivables (Non-Related)
$971,842
$848,754
-13%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$336,764
$991,687
+194%
Investments
$24,214,856
$27,179,251
+12%
Property, Plant, & Equipment (net)
$79,717,908
$81,589,816
+2%
Other Assets
$535,271
$46,790
-91%
Total Assets
$112,591,587
$114,285,569
+2%
Liabilities
2023
2024
Change
Payables & Accruals
$3,253,137
$3,617,758
+11%
Grants Payable
-
-
-
Deferred Revenue
$1,029,527
$3,600,635
+250%
Tax-Exempt Bond Liabilities
$10,081,395
$9,619,394
-5%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$30,039,406
$31,820,439
+6%
Related-Party Payables
-
-
-
Other Liabilities
$4,806,369
$4,909,996
+2%
Total Liabilities
$49,209,834
$53,568,222
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$24,185,150
$26,978,166
+12%
Unrestricted Net Assets
$39,196,603
$33,739,181
-14%
Net assets
2023
2024
Change
Net assets
+$63,381,753
+$60,717,347
-4%
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