ARIZONA CHRISTIAN UNIVERSITY
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$65,598,503
Property, Plant, & Equipment (net)
66%
Receivables (Non-Related)
14%
Other Assets
12%
Cash & Equivalents
6%
Investments
2%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$44,338,599
Notes Payable / Debt (Non-Related)
61%
Tax-Exempt Bond Liabilities
18%
Payables & Accruals
10%
Other Liabilities
6%
Deferred Revenue
5%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,559,879
$3,746,300
+5%
Receivables (Non-Related)
$6,539,668
$8,966,163
+37%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$93,277
$200,858
+115%
Investments
$1,335,516
$1,470,849
+10%
Property, Plant, & Equipment (net)
$44,421,620
$43,389,219
-2%
Other Assets
$4,022,171
$7,825,114
+95%
Total Assets
$59,972,131
$65,598,503
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$3,357,726
$4,538,077
+35%
Grants Payable
-
-
-
Deferred Revenue
$1,864,720
$2,133,941
+14%
Tax-Exempt Bond Liabilities
$8,260,000
$8,110,000
-2%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$23,828,169
$27,071,985
+14%
Related-Party Payables
-
-
-
Other Liabilities
$2,727,831
$2,484,596
-9%
Total Liabilities
$40,038,446
$44,338,599
+11%
Net assets
2023
2024
Change
Restricted Net Assets
$5,677,648
$7,300,409
+29%
Unrestricted Net Assets
$14,256,037
$13,959,495
-2%
Net assets
2023
2024
Change
Net assets
+$19,933,685
+$21,259,904
+7%
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