Financial statements provide an important insight into the operation of a healthcare organization. In this assignment, you will analyze the financial statements of a healthcare organization.
First read the following article, which describes how 15 measures provide an effective evaluation of the financial performance of a healthcare organization. You will use a subset of these measures, the financial strength index (FSI), in this assignment.
Cleverley, W. O., & Cleverley, J. O. (2005, July). Scorecards and dashboards: Using financial metrics to improve performance. Healthcare Financial Management, 59(7), 64–69. (AN 2009076343).
Select a nonprofit healthcare organization of interest to you. Provide an overview of the organization selected, including name and location.
Find financial data for this organization using Guidestar (http://www.guidestar.org). (The site requires free registration). All nonprofit organizations in the country are required to file Form 990 with the Internal Revenue Service (IRS). Form 990 is public information, and the Web site Guidestar is a convenient way to access 990s. Form 990 provides a great deal of organizational financial information, including income statements and balance sheets.
Present the calculations and your interpretation in a 4-page report. Format the report in APA style.
Name your document as: LastnameFirstInitial_W1_A4.doc.
For example, if your name is John Smith, your report will be named SmithJ_W1_A4.doc.