Resource: Appendix A Review the financial statements in Appendix D. Calculate the following: Current ratio, long-term solvency ratio, contribution ratio, programs and expense ratio, general and management and expense ratio, fund-raising and expense ratio, and revenue and expense ratio for the years 2003 and 2004. Include the current ratio, long-term solvency ratio, contribution ratio, programs and expense ratio, general and management and expense ratio, fund-raising and expense ratio, and revenue and expense ratio calculated in the Week Four Assignment. Provide a 200- to 300-word explanation of the importance of each ratio for all three years listed in Appendix D. Include a statement of whether the organization’s financial picture has improved or not within the 3-year period specified in Appendix D. Calculate the fixed cost, variable costs, and break-even point for the XYZ Corporation for the years 2003 and 2004 listed in Appendix D. Include the fixed cost, variable costs, and break-even point for the XYZ Corporation for the year 2002 from the Week Six CheckPoint. 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 are appropriate for the XYZ Corporation, and provide a conclusion of the organization’s current and future financial picture. Format all written portions consistent with APA guidelines. Compile all elements, including portions previously completed, and submit them as attachments to the same post.
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Balance Sheet
|
|
| |
| XYZ NONPROFIT CORPORATION |
| BALANCE SHEET |
|
|
| 2002 (A) |
|
| 2003 (A) |
|
| 2004 (A) |
| ASSETS |
| Current assets |
| Cash |
|
| $2,576.00 |
|
| $20,904.00 |
| $86,971.00 |
| Investments |
|
| $12,000.00 |
$12,000.00 $12,000.00
| Accounts Receivables, net |
$88,764.00 |
$47,884.00 |
$199,905.00 |
| Prepaid expense |
$956.00 |
$1,270.00 |
$4,026.00 |
| Total Current Assets |
$104,296.00 |
$82,058.00 |
$302,902.00 |
| Property and equipment, net |
| Land |
$192,300.00 |
| $193,372.00 |
$193,372.00
| Furniture and equipment |
$59,135.00 |
$61,053.00 |
$92,267.00 |
| Leasehold improvements |
$35,539.00 |
$23,380.00 |
$110,463.00 |
| Total property and equipment |
$286,974.00 |
$277,805.00 |
$396,102.00 |
| TOTAL ASSETS |
| $391,270.00 |
| $359,863.00 |
| $699,004.00 |
|
| LIABILITIES |
AND
NET ASSETS |
LIABILITIES
| Current liabilities |
| Accounts payable |
$74,826.00 |
$39,951.00 |
$104,201.00 |
| Accrued payroll and related liabilities |
$57,888.00 |
$45,954.00 |
$66,359.00 |
| Note payable (current portion) |
$6,303.00 |
$8,070.00 |
$166,161.00 |
| Capital lease obligation (current portion) |
|
|
|
|
|
|
|
|
|
|
| $0.00 |
$0.00
$312.00 |
| Total current liabilities |
$139,017.00 |
$93,975.00 |
$337,033.00 |
| Note payable (long term) |
$0.00 $0.00
$1,904.00 |
| Capital lease obligation (long term) |
$171,229.00 |
$166,004.00 |
$0.00
| Total liabilities |
$310,246.00 |
$259,979.00 |
$338,937.00 |
NET ASSETS
| Unrestricted |
($38,418.00) |
($105,127.00) |
$27,202.00 |
| Temporarily restricted |
$119,442.00 |
$205,011.00 |
$332,865.00 |
| Total net assets |
$81,024.00 |
$99,884.00 |
$360,067.00 |
| TOTAL LIABILITIES AND NET ASSETS |
$391,270.00 $359,863.00 $699,004.00
Income Statement
| XYZ NON-PROFIT CORPORATION |
| INCOME STATEMENT |
2002 (A) 2003 (A) 2004 (A)
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| Revenue |
| Grant Income |
$617,169.00 |
$632,889.00 |
$1,078,837.00 |
| Customer Fees |
$506,788.00 |
$579,824.00 |
$1,004,874.00 |
|
| Other |
$39,567.00 |
$31,362.00 |
$107,370.00 |
| Interest |
$1,541.00 |
$186.00 |
$162.00 |
| Total Revenue |
$1,165,065.00 |
$1,244,261.00 |
$2,191,243.00 |
| Expenses |
| Program services |
| Payroll and benefits |
$417,004.00 |
$520,069.00 |
$915,787.20 |
| Supplies |
$125,101.20 |
$171,622.77 |
$320,525.52 |
| Rent and Utilities |
|
| $150,000.00 |
$150,000.00 $150,000.00
| Telephone |
|
| $24,000.00 |
$24,000.00 $24,000.00
Other
| $117,903.00 |
$79,888.00 |
$115,999.00 |
| Management and other |
$351,000.00 |
$371,101.00 |
$445,819.00 |
| Total Expenses |
$1,185,008.00 |
$1,316,681.00 |
$1,972,131.00 |
| Excess revenues of expenses |
| ($19,943.00) |
| ($72,420.00) |
| $219,112.00 |
| Customer Count |
5962 |
6821 |
11822 |
Statement of Cash Flows
| ASSOCIATE LEVEL MATERIAL: APPENDIX D |
XYZ NONPROFIT CORPORATION
| STATEMENT OF CASH FLOW |
2002 (A) 2003 (A) 2004 (A)
| CASH FLOW FROM OPERATING ACTIVITIES |
| Excess revenues over expenses |
($19,943.00) ($72,420.00) $219,112.00
| Adjustments to reconcile cash provided (used) in operations |
| Depreciation |
$21,311.00 |
$26,396.00 |
$36,452.00 |
| Decrease (increase) in accounts receivable |
($38,475.00) |
$132,160.00 |
($110,950.00) |
| Decrease (increase) in prepaid expenses |
$307.00 |
($314.00) |
($2,640.00) |
| Increase (decrease) in accounts payable |
$41,755.00 |
($34,875.00) |
$64,250.00 |
| Increase (decrease) in accrued payroll and related expenses |
$5,976.00 |
($11,934.00) |
$20,405.00 |
| Decrease (increase) in other assets |
$0.00 $0.00
($116.00) |
| Net cash provided (used) in operations |
$10,931.00 |
$39,013.00 |
$226,513.00 |
| CASH FLOW FROM INVESTING ACTIVITIES |
| Acquisition of capital items |
| ($248,787.00) |
| ($17,227.00) |
| ($154,649.00) |
| Net cash used by investing activities |
($248,787.00) ($17,227.00) ($154,649.00)
| CASH FLOW FROM FINANCING ACTIVITIES |
| Net proceeds from refinancing of loan |
$180,000.00 |
$3,539.00 |
$0.00
| Decrease in loans |
($2,468.00) |
($6,997.00) |
($7,913.00) |
| Capital lease obligations |
$0.00 $0.00
$2,243.00 |
| Principle payments on capital lease obligation |
$0.00 $0.00
($127.00) |
| Net cash provided (used) in financing activities |
$177,532.00 |
($3,458.00) |
($5,797.00) |
| Net increase (decrease) in cash |
($60,324.00) |
$18,328.00 |
$66,067.00 |
| Cash, beginning of year |
$62,900.00 |
$2,576.00 $20,904.00
| Cash, end of year |
$2,576.00 $20,904.00 $86,971.00
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