Please use the financial statements for Youth Without Shelter (YWS) 2020-21 fiscal year. You can find them at the Youth Without Shelter website under Who We Are - Financials. YWS's operates an emergency shelter in North Etobicoke (Toronto) for homeless youth aged 16 - 24 years. In addition, they provide programs and supports including life skills, employment supports, school support, and housing and after care to help the youth move towards independence and stability. The Youth Without Shelter mission is empowering youth facing homelessness to reach individual potential (YWS, 2020/2021 Annual Report).

What story do the financial statements tell about the organization's financial activities and its overall financial health? What are the year-over-year financial trends? What is driving these year-over-year changes? What are the key (or main) revenue and expenditure categories? Does the organization have liabilities? What assets does the organization have? What is the liquidity of the organization and is it sufficient for the size of the organization? Are there any areas of concern about the organization's finances? If so, what are they and why are they a concern? What questions would you ask the management of the organization to further clarify the story told by the statements?

Answer rating: 100% (QA)

ANSWER Based on the financial statements for the 202021 fiscal year provided by Youth Without Shelter YWS the following insights can be drawn 1 Overall Financial Health YWS appears to be in a relative... View the full answer