Describe the overall financial health of the organization by analyzing the statement of position (balance sheet) CURRENT

 

Describe the overall financial health of the organization by analyzing the statement of position (balance sheet)

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CURRENT ASSETS Cash and cash equivalents Accounts receivable Pledges receivable Prepaid expenses and other current assets Total Current Assets ENDOWMENT ASSETS Cash and cash equivalents Investments INVESTMENT HELD BY TRUST PLEDGES RECEIVABLE FIXED ASSETS, net PRODUCTION ASSETS (less accumulated amortization of $550,506 in 2016 and 2015) Total Assets STATEMENTS OF FINANCIAL POSITION CURRENT LIABILITIES Payments due within one year on long-term debt Lines of credit Total Current Liabilities Accounts payable and accrued expenses Construction costs payable Deferred revenue LONG-TERM DEBT Total Liabilities NET ASSETS: Unrestricted Temporarily restricted Permanently restricted Total Net Assets Total Liabilities And Net Assets See notes to financial statements. LIABILITIES AND NET ASSETS ASSETS 2 $ 2016 June 30 639,528 33,834 1,225,380 370,981 2,269,723 1,537 7,429,129 7,430,666 347,186 916,994 7,650,146 264,710 $18,879,425 $ 124,935 170,000 209,144 397,901 1,450,711 2,352,691 175,398 2,528,089 551,189 7,918,647 7,881,500 16,351,336 $18,879,425 2015 $ 2,404,485 31,736 1,199,144 415,763 4,051,128 $ 133,656 8,338,957 8,472,613 375,587 1,162,591 4,102,549 247,217 $18,411,685 120,458 370,000 307,207 83,413 1,169,847 2,050,925 300,567 2,351,492 646,965 6,231,913 9,181,315 16,060,193 $18,411,685 CURRENT ASSETS Cash and cash equivalents Accounts receivable Pledges receivable Prepaid expenses and other current assets Total Current Assets ENDOWMENT ASSETS Cash and cash equivalents Investments INVESTMENT HELD BY TRUST PLEDGES RECEIVABLE FIXED ASSETS, net PRODUCTION ASSETS (less accumulated amortization of $550,506 in 2016 and 2015) Total Assets STATEMENTS OF FINANCIAL POSITION CURRENT LIABILITIES Payments due within one year on long-term debt Lines of credit Total Current Liabilities Accounts payable and accrued expenses Construction costs payable Deferred revenue LONG-TERM DEBT Total Liabilities NET ASSETS: Unrestricted Temporarily restricted Permanently restricted Total Net Assets Total Liabilities And Net Assets See notes to financial statements. LIABILITIES AND NET ASSETS ASSETS 2 $ 2016 June 30 639,528 33,834 1,225,380 370,981 2,269,723 1,537 7,429,129 7,430,666 347,186 916,994 7,650,146 264,710 $18,879,425 $ 124,935 170,000 209,144 397,901 1,450,711 2,352,691 175,398 2,528,089 551,189 7,918,647 7,881,500 16,351,336 $18,879,425 2015 $ 2,404,485 31,736 1,199,144 415,763 4,051,128 $ 133,656 8,338,957 8,472,613 375,587 1,162,591 4,102,549 247,217 $18,411,685 120,458 370,000 307,207 83,413 1,169,847 2,050,925 300,567 2,351,492 646,965 6,231,913 9,181,315 16,060,193 $18,411,685

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To analyze the overall financial health of the organization based on the statement of financial position balance sheet well focus on several key aspects Liquidity This refers to the organizations abil... View the full answer