Fundraising and Human Service Agency Essay

Submitted By rcw2004

Words: 446

Pages: 2

Open Document

Analyzing Financial Statements

HSM 260 Week 9

Nikki Wiggins

According to Martin,2001 In terms of interpretation, the current ratio should be at least 1.0, but in general the higher the ratio the better. If the current ratio is less than 1.0, the human service agency may be facing liquidity problems. According to the financial statements of the XYZ Non-profit Corporation, for year 2003 and 2004 Current Ratio is below the average amount available liquidity. This means there is nothing for the organization to liquefy. In reference to Long-term solvency ratio, according to Martin 2001 if the long-term solvency ratio of a human service agency is significantly less than 1.0, the financial viability of the organization may be in question. In year 2003 of the XYZ Non-profit Corporation, there should be no problems as to how payments will be made, but in year 2004, the Corporation is well under budget, which means, there might be problems. If my calculations in the case of Contribution ratios are correct, in year 2003 and 2004, the organization should be in great standing as both years generate revenue over .5. According to calculations of the XYZ Corporation, the Program Expense Ratio finding is that it meets its standards. When calculating financial ratios for a human service agency they are used in order to see the financial condition of the organization. As our text, states there are seven main ratios that are needed for human service agency: the current ratio, long-term solvency ratio, contribution ratio, programs /expense ratio, general and management/expense ratio, fund raising/expense ratio, and the revenue /expense ratio. The current expense ratio is and this formula is used to find out the liquidity of the organization.

Final Project: Analyzing Financial Statements

Assets | $104,296.00 | 0.75 | $82,058.00 | 0.87 | $302,902.00 | 0.43 | | Current Liabilities | $139,017.00 | | $93,975.00 | | $699,004.00 | | An organization’s current ratio shows how liquid the assets of the agency are by comparison to the short term debts that the agency must pay to continue its operations. This ratio is calculated by taking the assets that can be converted to cash within a year (current assets) and dividing it by the liabilities that are either currently due or will…

Words 2923 - Pages 12

Fundraising and Ratio Essay

2,191,243.00/1,972,131.00= 1.11 Importance of Ratios Current Ratio – The purpose of the current ratio is to assess a private nonprofit human service agency’s liquidity. Current Ratio is important because it allows the agency to make sure they are not facing any liquidity problems. Liquidity means the extent to which the agency has cash and other assets readily convertible into cash to cover current operating expenses. Contribution Ratio – The purpose of the contribution ratio…

Words 356 - Pages 2

Non-Profitfunding-Challenges Essay

Challenge Facing Human Services Organizations In these challenging economic times, nonprofits are struggling to raise funds necessary to continue to carry on quality services and programs with such an increased demand (Brill, 2012). Therefore, lack of funds is a basic example of a challenge facing the human service organizations today. This is a difficult task for the different human service agencies that needs support from sponsors or interested parties for funds. These human service agencies are learning…

Words 528 - Pages 3

Human Service Agency Profile Form July 2014 Essay

College of Social Sciences Bachelor of Science in Human Services Human Service Agency Profile Form The Field Experience portion of the BSHS program requires experience within a human services agency setting. The primary purpose of the Field Experience requirement is to provide the student with appropriate opportunities to use and develop his or her skills. The student is also expected to learn about the agency’s organizational structure, treatment practices, and services offered. He or she is required…

Words 528 - Pages 3

Technology: Non-profit Organization and Human Service Essay

Technology and Human Services June 24, 2013 Technology and Human Services Technology took the world by storm by creating new and easy ways of performing hand writing tasks that may have taken up a lot of a person’s time. Technology has also found ways to keep records and relay information from one person to the next. Just like the NASW states in their NASW & ASWB Standards for Technology and Social Work Practices web site; “Technology and Social Work Practice to create a uniform document for…

Words 1066 - Pages 5

A Brief Note On Audit Of The Industry

integrated into the political landscape (Williamson). Working with a political advertising agency is a powerful way for any candidate to improve their position on the local, state, and national level when it comes to start campaigning. It may seem like a political advertising agency would be a big spend geared more toward national level campaigning such as a congressional or presidential election, these agencies can serve any level of government right down to small municipalities (Bold). With their…

Words 2258 - Pages 10

Essay on Human Service Agency Interview

Human Service Agency Interview Date: July 11, 2010 To: Shelley Kerr, LCSW From: RE: Deaconess Cross Pointe I conducted an in person interview at Deaconess Cross Pointe, 7200 East Indiana Street; Evansville, Indiana 47715. I interviewed Natalie Goffinett, who has achieved her Master’s Degree in Social Work, and counsel’s children and families at that facility. When setting the appointment to interview Ms. Goffinett, I offered her the option to conduct the interview either in person or over the…

Words 1169 - Pages 5

Magnolia Therapeutic Solutions Case Study Essay

of Phoenix BSHS/373 Financial Management in Human Services Frieda Flowers January 24th, 2010 Magnolia Therapeutic Solutions Case Study Magnolia Therapeutic Solutions is a well known nonprofit that provides psychotherapy for clients with Post Traumatic Syndrome Disorder (PSTD). Magnolia contributed several hours of intensive help to the victims of 911. In return NYC gave the organization a large grant to help it meet the demands of PSTD services. Mary Stewart, the founder of the organization…

Words 1082 - Pages 5

Unit 9 Assignment Social Problems Interventions Essay

that it can happen to anyone, without anyone being aware. What I did not realize, however, is how many agencies and organizations in my community are cooperatively working daily to combat all of these major social issues. Through my research, I was surprised at the ease of access to services afforded to those in my community who are in need. The Charlottesville Child Protective Services agency investigates, identifies, and assesses reports of child abuse in an effort to protect children. Their focus…

Words 1416 - Pages 6

Essay on Dream Home Proposal

training, clothing, shelter, and meals. A Home for Everyone is one of the best organizations around because we are reaching out to help people in need and will turn no one away that is in need. Values statements for strategic planning of dream human service organization At A Home for Everyone the staff holds these value statements to be true: We believe that the members of this community are important and that they need to be treated with respect and care. We believe our clients need to get the…

Words 978 - Pages 4