Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table 5.3-1. Financial Comparisons of the Not-for-Profit Entities Fiscal Year Ended 1999 St. Jude Children's Research Hospital Form 990 * American Lebanese Syrian Associated Charities,

Table 5.3-1. Financial Comparisons of the Not-for-Profit Entities

Fiscal Year Ended 1999 St. Jude Children's Research Hospital Form 990 * American Lebanese Syrian Associated Charities, Inc. (ALSAC) Form 990 *
Contributions, gifts, grants and similar amounts received: Direct public support $91,978,426 $231,793,748
Indirect public support 2,906,934
Government contributions (grants) 31,469,447
Program service revenue, including government fees and contracts (i.e., health insurance revenue) 46,034,710
Accounts receivable 24,217,029 4,230,764
Pledges receivable 23,604,748
Allowance for doubtful accounts 9,363,328
Program service expenses 99,282,906
Program service expenses: Research 87,225,830
Program service expenses: Education and training 5,471,186
Program service expenses: Medical Services 93,735,602
Reconciliation of revenue, gains, and other support to audited numbers: net unrealized gains on investments 4,023,815 65,891,269
Deferred grant revenue 1,857,628
(Statement 5)
Support from American Lebanese Syrian Associated Charities, Inc. 91,978,426 91,978,426
(Statement 7) (paid per Statements 4, 6)
Excluded contributions 2,746,295
(Statement 1)
Excess or (deficit) for the year 10,933,191 120,521,982
Net assets or fund balances at end of year 199,707,440 994,501,910
Temporarily restricted 15,715,890
Permanently restricted 14,000,000 247,147,826
Total liabilities 21,956,792 7,017,192
Schedule of deferred debits & credits by contract (FAS 116 adjustment noted to result in this deferred revenue) 157,628

*The GuideStar.org Web site ( http://www.guidestar.org) provides access to Forms 990 in.PDF format.

Table 5.3-3. Patient Revenue Mix

PERCENTAGE OF NET PATIENT REVENUES
2000 1999 1998 1997 1996
Third Party Payors
Medicare........................................ 32.3% 33.5% 34.3% 35.6% 35.6%
Medicaid........................................ 11.5% 12.6% 11.3% 14.5% 15.3%
Managed Care (HMOs and PPOs)... 34.5% 31.5% 27.2% 19.1% N/A
Other Sources................................. 21.7% 22.4% 27.2% 30.8% 49.1%
Total.............................................. 100% 100% 100% 100% 100%

N/A-Not available (Source: 10-K filed 3/28/2001)

Requirement B: Revenue Mix (Strategy-Related Considerations)

The 10-K filing of Universal Health Services, Inc. describes the mix of revenue sources, as depicted in Table 5.3-3.

How does this revenue mix compare with the revenue blend of the not-for-profit entity, St. Jude Children's Research Hospital (ALSAC)? Access the latest SEC filing and compare the reported revenue mix; has it changed?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions