WESTMONT COLLEGE
Balance Sheet
Fiscal Year Start:
Jun 1
Assets in 2024 (Year End)
$324,970,603
Property, Plant, & Equipment (net)
58%
Investments
32%
Receivables (Non-Related)
6%
Other Assets
2%
Cash & Equivalents
2%
Inventories
<1%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$75,324,487
Tax-Exempt Bond Liabilities
65%
Other Liabilities
24%
Payables & Accruals
7%
Deferred Revenue
4%
Grants Payable
<1%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$6,329,879
$5,029,523
-21%
Receivables (Non-Related)
$19,111,070
$19,569,155
+2%
Related-Party Receivables
$0
$0
-
Inventories
$604,463
$472,100
-22%
Prepaid Expenses
$775,801
$377,021
-51%
Investments
$100,762,906
$104,959,814
+4%
Property, Plant, & Equipment (net)
$179,192,012
$189,506,550
+6%
Other Assets
$5,784,880
$5,056,440
-13%
Total Assets
$312,561,011
$324,970,603
+4%
Liabilities
2023
2024
Change
Payables & Accruals
$4,991,706
$5,421,831
+9%
Grants Payable
$79,800
$296,823
+272%
Deferred Revenue
$3,663,576
$2,648,470
-28%
Tax-Exempt Bond Liabilities
$51,631,149
$49,212,868
-5%
Custodial & Escrow Liabilities
$0
$0
-
Notes Payable / Debt (Non-Related)
$0
$0
-
Related-Party Payables
$0
$0
-
Other Liabilities
$17,457,871
$17,744,495
+2%
Total Liabilities
$77,824,102
$75,324,487
-3%
Net assets
2023
2024
Change
Restricted Net Assets
$100,157,521
$111,932,502
+12%
Unrestricted Net Assets
$134,579,388
$137,713,614
+2%
Net assets
2023
2024
Change
Net assets
+$234,736,909
+$249,646,116
+6%
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