Question
Asked by:
$10.00 i need help with The final project for HSM 260
- From Mathematics: General-Mathematics , Engineering: General-Engineering
- Closed, but you can still post tutorials
- Due on Jun. 13, 2009
- Asked on Jun 12, 2009 at 3:53:07PM
Q:Final Project Overview
The final project for HSM 260 is a compilation of various financial aspects of a nonprofit organization.
Nonprofit Organization Profile
In 2000, XYZ Corporation was incorporated as a 501(c)3 nonprofit in the state of Texas. The organizations mission is to provide psychiatric counseling services for residents of El Paso County. XYZ receives funding from the state government on an annual basis to provide services to those deemed to be medically indigentthat is, those residents who have an income less than 150% of the poverty level, based on federal poverty guidelines. Patients are required to pay a fee, which can be as low as $20.00 per visit, based on their income. XYZ employs a staff of four licensed professionals. As a result of the demand for the service and a clear need in the area, XYZ received additional funding in late 2003 to open a satellite office.
· Review the financial statements for XYZ Corporation in Appendix D.
· Calculate the following: Current ratio, long-term solvency ratio, contribution ratio, programs/expense ratio, general and management/expense ratio, fund-raising/expense ratio, and revenue/expense ratio for the years 2003 and 2004.
· Provide a 200- to 300-word explanation of the importance of each ratio for all three years listed in Appendix D. Include a statement on whether or not the organizations financial picture has improved within the three-year period specified in Appendix D.
· Calculate the fixed costs, variable costs, and break-even point for the XYZ Corporation listed in Appendix D.
· Discuss the purpose, advantages, disadvantages, and type of feedback provided by a line item, performance, and program budget in a 350- to 700-word essay.
· Provide a 350- to 700-word response to the following: Identify and describe two types of traditional approaches to fund development, and two types of nontraditional approaches to fund development that would be appropriate for the XYZ Corporation, and provide a conclusion of the organizations current and future financial picture.
· Compile all elements and submit them as attachments to the same post.
Final Project Timeline
You should budget your time wisely and work on your project throughout the course. As outlined below, some CheckPoints and assignments in the course are designed to assist you in creating your final project. If you complete your course activities and use the feedback provided by the instructor, you will be on the right track to successfully complete your project.
o Suggested in Week One: Read the Final Project Overview and Timeline in Appendix A.
o Suggested in Week Two: Identify the key terms and items on different financial statements.
o Suggested in Week Three: Understand cost per output and cost per outcome and their importance.
o Due in Week Four: Calculate the current ratio, long-term solvency ratio, contribution ratio, programs/expense ratio, general and management/expense ratio, fund-raising/expense ratio, and revenue/expense ratio for the year 2002 listed in Appendix D for the XYZ Corporation.
o Suggested in Week Five: Complete calculations for each of the remaining years not completed in the Week Four assignment and provide a 200- to 300-word explanation of the importance of each ratio for all three years listed in Appendix D for the XYZ Corporation.
o Due in Week Six: Calculate the fixed costs, variable costs, and break-even point for the XYZ Corporation in Appendix D for the year 2002.
o Suggested in Week Seven: Complete calculations for each of the remaining years not completed in the Week Six assignment.
o Suggested in Week Eight: Identify various types of nontraditional fund development appropriate for the XYZ Corporation and begin your 350- to 700-word essay on the purpose, advantages, disadvantages, and type of feedback provided by a line item, performance, and program budget as it relates to the organizations profile for the final project. Also provide a conclusion of the organizations current and future financial picture.
o Due in Week Nine: Compile all elements and submit them as attachments to the same post in the Individual forum.
