include the following financial information for your organization:

Calculate the following ratios for the years your project covers: 1) The Ratio of Program Expenses to Total Expenses 2) The ratio of fundraising expenses to contribution revenue (cost of fundraising).** 3) Defensive Interval 4) Liquid Funds Amount 5) Debt to Assets 6) Debt to Net Assets 7) Savings Indicator Additional ratios you may wish to calculate are: the Current Ratio, and Liquid Funds Indicator (note starting in 2019 the Form 990 does not report permanently restricted net assets separate from temporarily restricted net assets and therefore the Liquid Funds Indicator should be interpreted with caution). **The efficiency ratios are reported by the rating agencies and often by popular media. However, as we have discussed in class, caution should be exercised when interpreting these financial ratios. Additional information that can be discussed (when applicable): The concentration of income sources (ex: does all the revenue come from one source (government grants, direct public support, etc.)? Is there any mention of a qualified opinion, adverse opinion, going concern, etc. in the auditor's report? Is there anything interesting to discuss in the notes to the financial statements (lawsuits, substantial risk concentrations, related party transactions, etc.?).

Note: If your organization does not have information for one of the above ratios (ex: the organization does not report or engage in fundraising) then note this fact in the project and do not compute the ratio.

References

Governance & Finance (specialolympics.org)

special-olympics-2020-irs-990.pdf (brightspotcdn.com)