Sustainable Northwest (SNW) is 100% share owner of SNW Wood Distribution Center, Inc. and thus their operations have been consolidated. Between the years 2014 and 2015 there have been some significant changes in the sources of income: more government grants and other grants while significantly less foundation grants. There also has been a significant change in net assets from the beginning to the end of year. About 1/3 of programming related expenses goes towards SNW wood. There is also a huge release of temporarily restricted assets in 2015.

You are a team whose purpose is to decide to fund Sustainable Northwest. You are tasked with preparing an analysis of their financial condition.

Using their financial statements, prepare an analysis of key ratios Prepare a brief narrative report on their financial condition and your funding recommendations