FINANCIAL
SUMMARIES
Highlights of the Statement of
Operations ($000s)
2024 2023
Tuition and Instructional Fees $58,122 $54,827
Other income $6,963 $5,741
Total Assets $65,085 $60,568
Educational Expenses $43,975 $38,570
Administration & General Expenses $17,770 $17,290
Amortization Expenses, Net $1,599 $1,876
Total Expenses $63,344 $57,736
Excess of Revenue Over Expenses $1,741 $2,832
Highlights of the Statement of
Financial Position ($000s)
2024 2023
Total Current Assets $20,849 $27,008
Capital Assets $59,540 $50,514
Total Assets $80,389 $77,522
Total Current Liabilities $40,300 $39,254
Other Liabilities $71 $203
Deferred Capital Contributions $14,335 $14,124
Total Liabilities $54,706 $53,581
Net Assets $25,683 $23,941
TFS
Nora Nestor
Chair, TFS Audit and
Finance Committee
It is a pleasure to continue in my role as
Chair of the TFS Audit and Finance Committee.
The financials for the year ending
June 30, 2024 demonstrate TFS' continued
commitment to fiscal responsibility.
TFS operated without debt for most of the year
and ended the year with a surplus of $1.7M.
The long-term plan of the school remains the
focus of the organization as we head into the
first phase of the Master Campus Plan.
We are grateful to the TFS community
for its donations and support of the Master
Campus Plan and school, which are critical
to giving our students an exceptional
learning experience, inside and outside
of the classroom.
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