Question
Analyze the overall financial position and performance of Code 4 Change. The financial statements are available in the excel file in Canvas. In your
Analyze the overall financial position and performance of Code 4 Change. The financial statements are available in the excel file in Canvas. In your assessment include your analysis on the profitability of the organization, and make reference to each of the following ratios. 1. (1 point) Common size ratios for the statements of financial position and statement of activities. 2. (1 point) Liquidity ratios 3. (1 point) Fixed asset turnover ratios 4. (1 point) Program service ratio 5. (1 point) Leverage ratios Code 4 Change Statements of Financial Position as of March 31, 2021 and 2020 2021 2020 Assets Cash and Equivalents $ 1,909,606 $ 1,044,193 Interest and dividends receivable $ 61,244 $ 52,582 Pledges receivable - net of assessment fees and allowance for uncollectible pledges of $49,161 in 2021 and $464,486 in 2020 $ 373,788 $ 358,632 Prepare expenses and other $ 16,244 $ 25,367 Investments $ 10,944,924 $ 9,653,039 Total $ 13,305,806 $ 11,133,813 Liabilities and Net Assets Liabilities Accounts payable $ 202,631 $ 172,567 Annuity payment liability $ 3,857,262 $ 3,679,148 Total Liabilities $ 4,059,893 $ 3,851,715 Net Assets without donor restrictions $ 9,245,913 $ 7,282,098 Total $ 13,305,806 $ 11,133,813
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started