The financial condition of a not-for-profit can be assessed, in part, with traditional financial ratios.

Review the financial statements of the March of Dimes for 2013 as presented in Table 12-8.

Comment as best you can (even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of December 31, 2013, with respect to:

a)Liquidity

b)Burden of debt relative to assets

c)Adequacy of available resources to meet expenditures

d)Current fiscal performance as indicated by surpluses or deficits

e)Riskiness of revenue stream

2. Comparing 2013 versus 2012's results, do you see any changes that could be detrimental to the foundation's ability to achieve its mission?

Balance Sheet December 31, 2013, with comparative amounts as of December 31, 2012 (amounts in thousands) Assets 2013 2012 Cash and cash equivalents Sponsorships and other receivables Inventory and other assets Investments (note 2) Assets held in trust by others (notes 2 and 4) Land, building and equipment-net (note 5) $11,647 $15,882 8,110 6,166 104,074 100,241 10,052 15,071 $153,954 $155,522 7,882 6,200 11,169 12,982 Total assets Liabilities and Net Assets Accounts payable and accrued expenses Grants and awards payable-net (note 3) Refundable advances and deferred revenue Accrued pension and postretirement benefit obligation (note 9) $10,964 $ 11,484 21,421 1,408 46,914 114,430 78,877 148,743 19,331 1,668 Total liabilities Commitments and contingencies (notes 8 and 9) Net assets: Unrestricted Operating Accrued pension and postretirement benefit obligation Total unrestricted 105,039 106,677 (46,914) (114,430) 58,125 (7,753) 2,711 11,821 6,779 $153,954 $155,522 Temporarily restricted (note 4) Permanently restricted (note 4) 3,732 13,220 75,077 Total net assets Total liabilities and net assets See accompanying notes to linancial statements March of Dimes Foundation Statement of Activities Year end December 31,2013, with summarized totals for the year ended December 31,2012 (amounts in thousands) Temporarily Permanently 2013 Restricted 2012 Tota Unrestricted Restricted Total Operating: Activity Revenue $776 $198,756 200.988 (14,661) (14,194) $197,980 Campaign contributions and sponsorships Less: direct benefits to donors and sponsors (14.661)