Great Persons, Inc. is a nonprofit organization that provides services for the local community. Currently, GPI provides a vast array of services in the areas of health equipment, residential services for people with disabilities, family support services for children with disabilities, information and referral services, consolidation and coordination with affiliated agencies, daycare resources, and referral grants, and early childhood programs. GPI want to stay well aligned with its mission statement and vision. The mission statement states, Great Persons, Inc makes a positive difference for people living with disabilities, enhances community childcare, and strengthens families. This goes hand in hand with their core values of stewardship, teamwork, integrity, and quality.

QUESTION: how can (NOT what is) the: 1) balance sheet, 2) income statement and 3) statement of cash flows be used by the Board of Directors to evaluate GPIs performance? For each statement, discuss and describe three (3) ways it can be used and include examples to support your responses.

The key for GPI to remain financially viable is for each division to have a profit margin of 1% or better. The key for GPI to remain financially viable is for each division to have a profit margin of 1% or better