Westminster College
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$185,913,021
Property, Plant, & Equipment (net)
44%
Other Assets
22%
Investments
21%
Receivables (Non-Related)
7%
Cash & Equivalents
6%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$41,824,337
Other Liabilities
50%
Tax-Exempt Bond Liabilities
31%
Payables & Accruals
15%
Deferred Revenue
4%
Notes Payable / Debt (Non-Related)
<1%
Grants Payable
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$12,825,644
$11,830,496
-8%
Receivables (Non-Related)
$9,418,573
$12,130,848
+29%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,100,351
-
-
Investments
$73,298,104
$39,246,420
-46%
Property, Plant, & Equipment (net)
$84,437,556
$81,605,150
-3%
Other Assets
$4,193,977
$41,100,107
+880%
Total Assets
$185,274,205
$185,913,021
+0%
Liabilities
2023
2024
Change
Payables & Accruals
$2,025,609
$6,184,224
+205%
Grants Payable
-
-
-
Deferred Revenue
$1,539,246
$1,607,183
+4%
Tax-Exempt Bond Liabilities
$14,892,626
$13,048,566
-12%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$418,259
$243,796
-42%
Related-Party Payables
-
-
-
Other Liabilities
$15,025,932
$20,740,568
+38%
Total Liabilities
$33,901,672
$41,824,337
+23%
Net assets
2023
2024
Change
Restricted Net Assets
$97,736,924
$101,274,150
+4%
Unrestricted Net Assets
$53,635,609
$42,814,534
-20%
Net assets
2023
2024
Change
Net assets
+$151,372,533
+$144,088,684
-5%
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