Corban University
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$26,036,676
Property, Plant, & Equipment (net)
58%
Cash & Equivalents
18%
Receivables (Non-Related)
13%
Investments
7%
Other Assets
3%
Prepaid Expenses
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$7,469,368
Notes Payable / Debt (Non-Related)
86%
Payables & Accruals
9%
Deferred Revenue
4%
Other Liabilities
1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,993,840
$4,733,502
+19%
Receivables (Non-Related)
$4,235,702
$3,343,477
-21%
Related-Party Receivables
$0
$0
-
Inventories
$17,112
$27,114
+58%
Prepaid Expenses
$99,418
$32,038
-68%
Investments
$870,276
$1,931,844
+122%
Property, Plant, & Equipment (net)
$15,702,738
$15,173,134
-3%
Other Assets
$347,442
$795,567
+129%
Total Assets
$25,266,528
$26,036,676
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$404,986
$706,528
+74%
Grants Payable
-
-
-
Deferred Revenue
$199,975
$274,052
+37%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$6,659,379
$6,387,530
-4%
Related-Party Payables
$0
$0
-
Other Liabilities
$116,590
$101,258
-13%
Total Liabilities
$7,380,930
$7,469,368
+1%
Net assets
2023
2024
Change
Restricted Net Assets
$1,718,576
$3,242,078
+89%
Unrestricted Net Assets
$16,167,022
$15,325,230
-5%
Net assets
2023
2024
Change
Net assets
+$17,885,598
+$18,567,308
+4%
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