Review the financial statements of the March of Dimes for 2013 as presented in Table 12-8.

1. Comment as best you can (even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of December 31, 2013, with respect to:

a) Liquidity

b) Burden of debt relative to assets

c) Adequacy of available resources to meet expenditures

d) Current fiscal performance as indicated by surpluses or deficits

e) Riskiness of revenue stream

2. Comparing 2013 versus 2012's results, do you see any changes that could be detrimental to the foundation's ability to achieve its mission?

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Balance Sheet December 31, 2013, with comparative amounts as of December 31, 2012 (amounts in thousands) Cash and cash equivalents Sponsorships and other receivables Inventory and other assets Investments (note 2) Assets held in trust by others (notes 2 and 4) Land, building and equipment-net (note 5) Total assets Assets Net assets: Accounts payable and accrued expenses Grants and awards payable-net (note 3) Refundable advances and deferred revenue Accrued pension and postretirement benefit obligation (note 9) Liabilities and Net Assets Total liabilities Commitments and contingencies (notes 8 and 9) Operating: Activity Revenue: Unrestricted: Operating Accrued pension and postretirement benefit obligation Total unrestricted Temporarily restricted (note 4) Permanently restricted (note 4) Total net assets Total liabilities and net assets Campaign contributions and sponsorships Less: direct benefits to donors and sponsors Unrestricted See accompanying notes to linancial statements March of Dimes Foundation Statement of Activities Year end December 31, 2013, with summarized totals for the year ended December 31, 2012 (amounts in thousands) $ 197,980 (14.661) Temporarily Permanently Restricted Restricted $776 2013 $11,647 $- 7,882 6.200 104,074 11,169 12,982 $153,954 $ 10,964 $ 11,484 19,331 21,421 1,668 1,408 46,914 114,430 78,877 148,743 105,039 106,677 (46,914) (114,430) 58,125 3,732 13,220 75,077 $153,954 2012 $ 15,882 8,110 6,166 100,241 10,052 15,071 $155,522 2013 Total $198,756 (14,661) (7,753) 2,711 11,821 6,779 $155,522 2012 Total $ 200.988 (14,194) Balance Sheet December 31, 2013, with comparative amounts as of December 31, 2012 (amounts in thousands) Cash and cash equivalents Sponsorships and other receivables Inventory and other assets Investments (note 2) Assets held in trust by others (notes 2 and 4) Land, building and equipment-net (note 5) Total assets Assets Net assets: Accounts payable and accrued expenses Grants and awards payable-net (note 3) Refundable advances and deferred revenue Accrued pension and postretirement benefit obligation (note 9) Liabilities and Net Assets Total liabilities Commitments and contingencies (notes 8 and 9) Operating: Activity Revenue: Unrestricted: Operating Accrued pension and postretirement benefit obligation Total unrestricted Temporarily restricted (note 4) Permanently restricted (note 4) Total net assets Total liabilities and net assets Campaign contributions and sponsorships Less: direct benefits to donors and sponsors Unrestricted See accompanying notes to linancial statements March of Dimes Foundation Statement of Activities Year end December 31, 2013, with summarized totals for the year ended December 31, 2012 (amounts in thousands) $ 197,980 (14.661) Temporarily Permanently Restricted Restricted $776 2013 $11,647 $- 7,882 6.200 104,074 11,169 12,982 $153,954 $ 10,964 $ 11,484 19,331 21,421 1,668 1,408 46,914 114,430 78,877 148,743 105,039 106,677 (46,914) (114,430) 58,125 3,732 13,220 75,077 $153,954 2012 $ 15,882 8,110 6,166 100,241 10,052 15,071 $155,522 2013 Total $198,756 (14,661) (7,753) 2,711 11,821 6,779 $155,522 2012 Total $ 200.988 (14,194)

Answer rating: 100% (QA)

Based on the financial statements provided for the March of Dimes for 2013 lets evaluate the fiscal strength of the organization as of December 31 2013 a Liquidity To assess liquidity we look at the C... View the full answer