Issue link: https://publications.tfs.ca/i/1540856
FINANCIAL SUMMARIES Highlights of the Statement of Operations ($000s) 2025 2024 Tuition and Instructional Fees $61,008 $58,122 Other income $6,951 $6,963 Total Assets $67,959 $65,085 Educational Expenses $46,422 $44,224 Administration & General Expenses $17,499 $17,521 Amortization expenses, net $2,525 $1,599 Total Expenses $66,446 $63,344 Excess of revenue over expenses $1,513 $1,741 Highlights of the Statement of Financial Position ($000s) 2025 2024 Total Current Assets $27,057 $20,849 Capital Assets $61,018 $59,540 Total Assets $88,075 $80,389 Total Current Liabilities $44,694 $40,300 Other Liabilities $283 $71 Deferred Capital Contributions $15,901 $14,335 Total Liabilities $60,878 $54,706 Net Assets $27,197 $25,683 TFS It is a pleasure to continue in my role as Chair of the TFS Audit and Finance Committee. The financial results for the year ending June 30, 2025, continue to confirm TFS' commitment to fiscal responsibility, which is further emphasized by our entrance into the construction phase of our Master Campus Plan at the start of the year, the completion for which we truly Can't Wait! TFS operated without debt for most of the year and ended the year with a surplus of $1.5 million. This strong fiscal position supports our long-term plan, which includes the vital partnership with the TFS Foundation to bring the Master Campus Plan to life. We are grateful to the TFS community for its ongoing donations and support of the Master Campus Plan and the school. Your contributions are critical to giving our students an exceptional learning experience, both inside and outside of the classroom. Nora Nestor Chair, TFS Audit and Finance Committee 80 ENTRE NOUS