Page 55 - Fall 2025

Year Ending 2024 HHSAA Financials

Statement of Financial Position as of December 31, 2024
Includes comparative information as of December 31, 2023
Assets 2024 2023
Cash and cash equivalents $ 175,242 81,957
Trust receivable 0 88,727
Investments 3,964,567 3,599,856
Total Assets $ 4,139,809 3,770,539

Liabilities

Scholarships payable $ 60,491 90,526
Total liabilities 60,491 90,526

Net Assets
With donor restriction 3,541,794 3,143,235
Without donor restriction 138,220 283,062
Total net assets 3,680,014 3,426,296
(Decrease) increase in net assets 339,304 253,717
Total liabilities and net assets $ 4,139,809 3,770,539

Statement of Activities as of December 31, 2024

Includes comparative information as of December 31, 2023

2024 2023
Operating activity:
Revenue:
Annual Fund, other $ 112,412 117,905
Endowment contributions 82,356 73,470
Investment Gain (Loss) 412,782 398,493
Total revenue $ 607,551 589,869

Expenses:
Scholarships and grants 80,141 183,862
Endowment admin fees 57,217 57,526
Payroll 18,839 18,884
Fundraising and magazine expenses 52,049 75,879
Total operating expenses 208,246 336,152
(Decrease) increase in net assets $ 339,304 253,717

www.houltonalumni.com 55